Shengtai Pharmaceutical, Inc. (SGTI) Balance Sheet

Cash & cash equivalents	7.71M
Restricted cash	4.82M
Accounts receivable, net of allowance for doubtful accounts of $1,149,712 and $1,506,470 as of September 30, 2011 and June 30, 2011, respectively	12.89M
Notes receivable	8.85M
Other receivables	3.66M
Inventories	43.2M
Prepayments and other assets	3.13M
Total current assets	84.25M
PLANT AND EQUIPMENT, net
CONSTRUCTION IN PROGRESS	825.24K
EQUITY INVESTMENT	13.15M
ADVANCE FOR CONSTRUCTION
INTANGIBLE ASSETS, NET	3.33M
Total assets	183.98M
Accounts payable	12.48M
Accounts payable and accrued liabilities - related party
Notes payable - banks	7.93M
Short term loans	82.44M
Accrued liabilities	467.87K
Other payable	1.31M
Employee loans	167.25K
Other payable - officer	37.56K
Customer deposit	12.77M
Taxes payable	1.08M
Total current liabilities	119.69M
COMMITMENTS AND CONTINGENCIES	0
Preferred stock, $0.001 par value, 2,500,000 shares authorized, no shares issued and outstanding	0
Common stock, $0.001 par value, 50,000,000 shares authorized, 9,584,912 shares issued and outstanding	9.59K
Additional paid-in capital	21.95M
Statutory reserves
Retained earnings	27.55M
Accumulated other comprehensive income	10.48M
Total stockholders' equity	64.28M
Total liabilities and stockholders' equity	183.98M

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