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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 3,008,023 $ 5,923,386
Accounts receivable-less allowance for doubtful accounts of $89,437 and $87,555 at June 30, 2011 and December 31, 2010, respectively 12,563,346 9,112,077
Other receivables 3,161,613 3,164,423
Prepayment and other current assets 9,541,584 5,300,825
Inventories, net 6,278,064 6,374,363
Tax receivable 4,430,861 3,518,919
Total Current Assets 38,983,491 33,393,993
Property and equipment, net 3,404,639 3,488,947
Total Assets 42,388,130 36,882,940
LIABILITIES AND EQUITY    
Short-term borrowings 1,547,170 1,514,620
Accounts payable 1,183,200 29,318
Advances from customers 152,969 269,189
Accrued expenses and other current liabilities 340,103 330,601
Tax payable 10,350,520 8,327,708
Warranty obligation 307,943 301,464
Due to officer 0 2,358
Total Current Liabilities 13,881,905 10,775,258
OTHER LIABILITIES    
Warrants liability 168,242 318,109
Total Liabilities 14,050,147 11,093,367
Commitments and Contingency    
Equity    
Common shares, $0.002731 par value, 18,307,038 shares authorized, 4,510,000 and 4,500,000 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively 12,317 12,290
Additional paid in capital 13,196,357 13,137,085
Retained earnings 11,781,943 9,838,452
Accumulated other comprehensive income 1,985,830 1,474,455
Total Dehaier Medical Systems Limited shareholders' equity 26,976,447 24,462,282
Non-controlling interest 1,361,536 1,327,291
Total equity 28,337,983 25,789,573
Total liabilities and equity $ 42,388,130 $ 36,882,940