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Yew Bio-Pharm Group Reports 2014 Second Quarter Financial Results
Date:8/14/2014

237,626(1,184,390)Prepaid expenses and other current assets(20,473)(24,082)Due from related party 14,03413,801Inventories 358,413(186,105)Accounts payable 42,3982,957Accrued expenses and other payables (1,100)(14,358)Taxes payable (3,865)(2,824)NET CASH PROVIDED BY OPERATING ACTIVITIES 2,853,353132,514CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from disposal of property and equipment 5,000-Purchase of property and equipment -(3,084)Loan to related party -2,448Payments for land use rights and yew forest assets (3,755,629)(493,878)NET CASH USED IN INVESTING ACTIVITIES (3,750,629)(494,514)CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from related party advances1,221-Repayments for related parties advances(25,674)-NET CASH USED IN FINANCING ACTIVITIES (24,453)-EFFECT OF EXCHANGE RATE ON CASH (7,204)5,200NET INCREASE (DECREASE) IN CASH (928,933)
SOURCE Yew Bio-Pharm Group, Inc.
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