VASO Corp - FORM 8-K/A - EX-99.1.4 - PJM UNAUDITED FINANCIALS 6/30/11

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file	filename
8-K/A - VASO Corp	vaso8ka-sept42011.htm
EX-99.2 - VASOMEDICAL UNAUDITED PROFORMA FINANCIALS - VASO Corp	vaso8kaproforma-ex992.htm
EX-99.1.2 - PJM AUDITED FINANCIALS 12/31/10 - VASO Corp	vaso8ka-pjm2010ex9912.htm
EX-99.1.1 - BIOX AUDITED FINANCIALS 12/31/10 - VASO Corp	vaso8ka-biox2010ex9911.htm
EX-99.1.3 - BIOX UNAUDITED FINANCIALS 6/30/11 - VASO Corp	vaso8ka-biox2011ex9913.htm

Life Enhancement Technology Ltd.
Statement of Operations
For the Six Months Ended June 30, 2011 and 2010


ITEMS	SIX MONTHS ENDED JUNE 30, 2011 RMB		SIX MONTHS ENDED JUNE 30, 2010 RMB
Sales		2,637,222.72		581,517.04
Including: Export sales
Less: Sales discounts and allowances
Net sales		2,637,222.72		581,517.04
Less: Sales tax		40,264.95		219.77
Cost of sales		1,083,724.37		368,730.28
Including: Cost of export sales
Gross profit on sales		1,513,233.40		212,566.99
Less: Selling expenses		60,563.40		18,376.94
General and administrative expenses		531,647.69		392,129.22
Financial expenses		31,777.12		6.84
Including : Interest expenses (less interest income)		30,462.12
Exchange loss (less exchange gains)
Profit on sales		889,245.19		(197,946.01	)
Add: Income from other operations
Operating profit		889,245.19		(197,946.01	)
Add: Investing gains
Non-operating income
Less: Non-operating expenses				-
Add: Profit and loss adjustment for previous years
TOTAL PROFIT		889,245.19		(197,946.01	)
Less: Income tax		111,155.65
NET PROFIT		778,089.54		(197,946.01	)

Life Enhancement Technology Ltd.
Balance Sheet
At June 30, 2011

ASSETS	Bal.E/P(RMB)		LIABILITIES AND OWNERS'EQUITY	Bal.E/P(RMB)
CURRENT ASSETS			CURRENT LIABILITIES
Cash on hand		891.64	Short term loans
Cash in bank		504,162.70	Notes payable
Marketable securities			Accounts payable		239,737.01
Notes receivable			Accrued payroll
Accounts receivable			Taxes payable		93,822.80
Less:Allowance for bad debts			Dividends payable
Etrust bank to make collections			Advances received		24,013.60
Advances to suppliers		36,133.03	Other payables		1,228,381.27
Other receivables		448,806.52	Accured expenses		32,029.33
Prepaid and deferred expenses			Bonus and welfare funds for staff and workers
Inventories		2,119,986.62	Long term liabilities payable at maturity within a year
Less:Allowance for loss on realization of stock
Long term investment recovery due within a year
Other current assets
Total current assets		3,109,980.51	Total current liabilities		1,617,984.01
LONG TERM INVESTMENT			LONG TERM LIABILITIES
Long term investment			Long term loans
Receivables over a year			Bond payable
FIXED ASSETS			Premium(discount) on bond payable
Fixed assets-cost		577,729.99	Payable over a year
Less:accumulated depreciation		515,720.27	OTHER LIABILITIES
Fixed assets-net value		62,009.72	Exchange gain during preparation period
Disposal of fixed assets			Deferred investment income
CONSTRUCTION WORK IN PROCESS			Deferred lease income
Construction work in process			Credit item of deferred tax
INTANGIBLE ASSETS			Other deferred credits
Right to the use of site			Exchange gain to be written off
Industrial property and proprietary technology					1,617,984.01
Other intangible assets			OWNER'S EQUITY
Total intangible assets
OTHER ASSETS			Paid in capital		993,234.00
Organization expenses			Including: Foreign investment		993,234.00
Exchange loss during preparation period
Deferred investment losses			Translation reserve
Debit item of deferred tax			Reserve fund
Other deferred expenses			Expansion fund
Exchange loss to be writton off			Repayment of investment by profit
			Current year profit		1,686,466.06
			Retained earnings		(1,125,693.84	)
Total other assets			Total owners' equity		1,554,006.22
TOTAL ASSETS		3,171,990.23	TOTAL LIABILITIES AND OWNERS’ EQUITY		3,171,990.23

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VASO Corp - FORM 8-K/A - EX-99.1.4 - PJM UNAUDITED FINANCIALS 6/30/11 - November 14, 2011

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