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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 2,299,270 $ 3,694,486
Accounts receivable -less allowance for doubtful accounts of $860,826 and $859,509 12,899,579 12,159,842
Other receivables 4,223,142 2,522,136
Prepayment and other current assets 6,632,088 6,714,001
Inventories, net 4,157,547 5,532,311
Tax receivable 371,283 888,452
Deferred tax asset 118,210 118,030
Total Current Assets 30,701,119 31,629,258
Property and equipment, net 3,240,476 3,348,533
Total Assets 33,941,595 34,977,791
LIABILITIES AND EQUITY    
Short-term borrowings 1,747,152 1,585,890
Accounts payable 28,386 32,925
Advances from customers 194,197 303,000
Accrued expenses and other current liabilities 322,523 349,158
Taxes payable 548,897 2,042,048
Warranty obligation 335,193 334,680
Total Current Liabilities 3,176,348 4,647,701
OTHER LIABILITIES    
Warrants liability 295,977 96,469
Total Liabilities 3,472,325 4,744,170
Commitments and Contingency      
Equity    
Common shares, $0.002731 par value, 18,307,038 shares authorized, 4,565,000 and 4,560,000 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 12,467 12,454
Additional paid in capital 13,341,429 13,281,374
Retained earnings 13,067,592 12,941,572
Accumulated other comprehensive income 2,628,283 2,585,488
Total Dehaier Medical Systems Limited shareholders' equity 29,049,771 28,820,888
Non-controlling interest 1,419,499 1,412,733
Total equity 30,469,270 30,233,621
Total liabilities and equity $ 33,941,595 $ 34,977,791