CHINA PHARMA HOLDINGS, INC. - 10-K filing on 2017-03-31

SUBSIDY INCOME	12 Months Ended
Dec. 31, 2016
SUBSIDY INCOME:
SUBSIDY INCOME	NOTE 10 – SUBSIDY INCOME During the years ended December 31, 2016 and 2015, the Company received cash of $0.34 million and $1.64 million related to a subsidy from the government for the technological innovation it has achieved and the industrial upgrading related to its new GMP certified facility. This has been recorded as “Subsidy income” in the accompanying Statement of Operations for the years ended December 31, 2016 and 2015, respectively.

SUBSIDY INCOME

12 Months Ended

Dec. 31, 2016

NOTE 10 – SUBSIDY INCOME

During the years ended December 31, 2016 and 2015, the Company received cash of $0.34 million and $1.64 million related to a subsidy from the government for the technological innovation it has achieved and the industrial upgrading related to its new GMP certified facility. This has been recorded as “Subsidy income” in the accompanying Statement of Operations for the years ended December 31, 2016 and 2015, respectively.