XML 40 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS(USD ($))
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 1,107,942 $ 3,694,486
Accounts receivable -less allowance for doubtful accounts of $880,587 and $859,509 12,414,588 12,159,842
Other receivables 4,192,759 2,522,136
Prepayment and other current assets 7,288,515 6,714,001
Inventories, net 4,799,302 5,532,311
Tax receivable 503,853 888,452
Deferred tax asset 117,110 118,030
Total Current Assets 30,424,069 31,629,258
Property and equipment, net 3,063,366 3,348,533
Intangible assets, net 2,393,781 0
Total Assets 35,881,216 34,977,791
LIABILITIES AND EQUITY    
Short-term borrowings 2,360,295 1,585,890
Accounts payable 39,040 32,925
Advances from customers 237,653 303,000
Accrued expenses and other current liabilities 319,836 349,158
Taxes payable 425,089 2,042,048
Warranty obligation 332,072 334,680
Total Current Liabilities 3,713,985 4,647,701
OTHER LIABILITIES    
Warrants liability 286,041 96,469
Total Liabilities 4,000,026 4,744,170
Commitments and Contingency      
Equity    
Common shares, $0.002731 par value, 18,307,038 shares authorized, 4,570,000 and 4,560,000 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively 12,481 12,454
Additional paid in capital 13,359,602 13,281,374
Retained earnings 14,757,972 12,941,572
Accumulated other comprehensive income 2,359,421 2,585,488
Total Dehaier Medical Systems Limited shareholders' equity 30,489,476 28,820,888
Non-controlling interest 1,391,714 1,412,733
Total equity 31,881,190 30,233,621
Total liabilities and equity $ 35,881,216 $ 34,977,791