Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 2

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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    Accumulated deficit 
     (73,102,508) 
     (54,336,629)
  
    Accumulated other comprehensive loss 
     (189,035) 
     (218,163)
  
    Total Stockholders’ equity of Shineco, Inc. 
     18,164,975  
     26,000,933 
  
    Non-controlling interest 
     7,895,660  
     10,576,762 
  
    TOTAL EQUITY 
     26,060,635  
     36,577,695 

    TOTAL LIABILITIES AND EQUITY 
    $85,502,545  
    $84,179,379 

*Retrospectively restated for effect of the Reverse Stock Split on November 12, 2024.

The
accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

1

SHINECO,
INC.

CONDENSED
CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS

(Unaudited)

    2025  
    2024  
    2025  
    2024 

    For the Nine Months Ended
                                                                                March 31,  
    For the Three Months Ended
                                                                                March 31, 

    2025  
    2024  
    2025  
    2024 

    REVENUE 
    $259,040  
    $459,572  
    $40,971  
    $149,346 

    COST OF REVENUE 

    Cost of products 
     135,852  
     211,192  
     54,899  
     77,601 
  
    Business and sales related tax 
     855  
     1,941  
     183  
     592 
  
    Total cost of revenue 
     136,707  
     213,133  
     55,082  
     78,193 

    GROSS INCOME (LOSS) 
     122,333  
     246,439  
     (14,111) 
     71,153 

    OPERATING EXPENSES 

    General and administrative expenses 
     5,069,621  
     7,474,070