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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 3,694,486 $ 5,923,386
Accounts receivable-less allowance for doubtful accounts of $859,509 and $87,555 12,159,842 9,112,077
Other receivables 2,522,136 3,164,423
Prepayment and other current assets 6,714,001 5,300,825
Inventories, net 5,532,311 6,374,363
Tax receivable 888,452 3,518,919
Deferred tax asset 118,030 0
Total Current Assets 31,629,258 33,393,993
Property and equipment, net 3,348,533 3,488,947
Total Assets 34,977,791 36,882,940
LIABILITIES AND EQUITY    
Short-term borrowings 1,585,890 1,514,620
Accounts payable 32,925 29,318
Advances from customers 303,000 269,189
Accrued expenses and other current liabilities 349,158 330,601
Taxes payable 2,042,048 8,327,708
Warranty obligation 334,680 301,464
Due to officer 0 2,358
Total Current Liabilities 4,647,701 10,775,258
OTHER LIABILITIES    
Warrants liability 96,469 318,109
Total Liabilities 4,744,170 11,093,367
Commitments and Contingency      
Equity    
Common shares, $0.002731 par value, 18,307,038 shares authorized, 4,560,000 and 4,500,000 shares issued and outstanding at December 31, 2011 and 2010, respectively 12,454 12,290
Additional paid in capital 13,281,374 13,137,085
Retained earnings 12,941,572 9,838,452
Accumulated other comprehensive income 2,585,488 1,474,455
Total Dehaier Medical Systems Limited shareholders' equity 28,820,888 24,462,282
Non-controlling interest 1,412,733 1,327,291
Total equity 30,233,621 25,789,573
Total liabilities and equity $ 34,977,791 $ 36,882,940