XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 1,343,246 $ 3,505,330
Accounts receivable -less allowance for doubtful accounts of $906,506 and $865,769 12,935,416 11,960,193
Contract Deposits 2,834,619 3,027,616
Other receivables -less allowance for doubtful accounts of $598,747 and $598,747 587,645 556,635
Advances to Suppliers 6,759,857 4,470,756
Prepayment and other current assets 5,198,100 4,069,975
Inventories, net 4,745,328 4,654,827
Tax receivable 337,113 328,208
Deferred tax asset 121,269 119,437
Total Current Assets 34,862,593 32,692,977
Property and equipment, net 3,833,499 2,895,523
Intangible assets, net 2,663,691 2,694,439
Total Assets 41,359,783 38,282,939
LIABILITIES AND EQUITY    
Short-term borrowings 2,444,115 2,407,200
Accounts payable 39,066 37,640
Advances from customers 348,764 248,940
Accrued expenses and other current liabilities 700,801 406,452
Taxes payable 950,871 401,574
Warranty obligation 343,864 338,671
Total Current Liabilities 4,827,481 3,840,477
OTHER LIABILITIES    
Warrants liability 378,579 374,166
Total Liabilities 5,206,060 4,214,643
Commitments and Contingency      
Equity    
Common shares, $0.002731 par value, 18,307,038 shares authorized, 4,620,000 shares issued and outstanding 12,618 12,618
Additional paid in capital 13,544,584 13,500,847
Retained earnings 17,682,139 16,147,723
Accumulated other comprehensive income 3,458,347 2,967,202
Total Dehaier Medical Systems Limited shareholders' equity 34,697,688 32,628,390
Non-controlling interest 1,456,035 1,439,906
Total equity 36,153,723 34,068,296
Total liabilities and equity $ 41,359,783 $ 38,282,939