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Tiens Biotech Group (USA) Reports First Quarter Results
Date:5/17/2010

5,379,312 Inventories 5,024,331 5,328,052 Other receivables 902,216 995,657 Other receivables - related parties 39,458,619 44,561,626 Employee advances 101,755 115,673 Prepaid expenses 594,263 658,193 Prepaid taxes 171,715 407,534 Total current assets 66,371,822 69,294,375 PROPERTY, PLANT AND EQUIPMENT, net 9,811,115 10,124,483 OTHER ASSETS: Construction in progress 133,225,733 125,572,621 Construction deposits 3,763,996 1,405,997 Intangible assets, net 12,789,812 12,864,295 Other assets 13,400,435 11,847,937 Total other assets 163,179,976 151,690,850 Total assets $239,362,913 $231,109,708 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $4,211,661 $5,012,157 Advances from customers - related parties 8,461,804 4,426,751 Wages and benefits payable 1,068,256 1,484,852 Income taxes payable 314,266 -- Contractor deposits 183,420 183,395 Contractor payables 18,834,263 18,513,216 Other payables 1,168,820 1,151,551 Other payables - related parties 4,405,557 3,326,110 Total current liabilities 38,648,047 34,098,032 NON-CURRENT LIABILITIES Deferred income 11,2
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SOURCE Tiens Biotech Group (USA), Inc.
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