1 88,825,120 80,553,647
American Oriental Bioengineering, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets (Unaudited)
September 30, December 31,
2009 2008
As Restated
CURRENT ASSETS
Cash and cash equivalents $115,923,399 $70,636,510
Accounts receivable, net of reserve
of $512,013 and $226,330
at September 30 , 2009 and December
31, 2008, respectively 37,961,967 36,982,167
Inventories, net of provision for
slow moving inventories 15,291,710 13,042,123
Advances to suppliers 2,798,860 3,593,979
Notes receivable 122,300 708,076
Refundable deposit -- 6,396,996
Deferred tax assets 398,563 347,216
Other current assets 1,154,315 744,903
Total Current Assets 173,651,114 132,451,970
LONG-TERM ASSETS
Property, plant and equipment, net 96,085,233 98,154,443
Land use rights, net 154,233,322 148,988,870
Deposit for long-term assets -- 6,347,174
Construction in progress 26,645,307 25,385,835
Deferred tax assets 127,823 1,313,832
Other intangible assets, net 19,911,767 23,690,440
Goodwill 33,164,121 33,164,121
Investments in and advances to equity
investments 54,995,237 54,963,064
Unamortized financing costs 3,5
'/>"/>SOURCE American Oriental Bioengineering, Inc. Copyright©2009 PR Newswire. All rights reserved | |
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