Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 0

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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SHINECO,
INC.

CONDENSED
CONSOLIDATED BALANCE SHEETS

    ASSETS 

    March 31,  
    June 30, 

    2025  
    2024 

     (Unaudited)  

    CURRENT ASSETS: 

    Cash and cash equivalents 
    $192,735  
    $151,881 
  
    Accounts receivable, net 
     317  
     357 
  
    Due from related parties, net 
     24,456  
     24,424 
  
    Inventories, net 
     204,470  
     279,969 
  
    Advances to suppliers, net 
     1,011  
     33,863 
  
    Other current assets, net 
     12,132,571  
     6,916,051 
  
    Current assets held for discontinued operations 
     22,363,220  
     13,497,416 
  
    TOTAL CURRENT ASSETS 
     34,918,780  
     20,903,961 

    Property and equipment, net 
     73,008  
     1,120,318 
  
    Intangible assets, net 
     9,849,888  
     10,809,460 
  
    Goodwill 
     2,018,747  
     2,018,747 
  
    Operating lease right-of-use assets 
     68,729  
     145,323 
  
    Non-current assets held for discontinued operations 
     38,573,393  
     49,181,570 
  
    TOTAL ASSETS 
    $85,502,545  
    $84,179,379 

    LIABILITIES AND EQUITY 

    CURRENT LIABILITIES: 

    Short-term loans 
    $1,747,681  
    $2,250,019 
  
    Accounts payable 
     78,715  
     104,136 
  
    Advances from customers 
     26,958  
     28,932 
  
    Due to related parties 
     254,125  
     1,160,920 
  
    Other payables and accrued expenses 
     4,685,444  
     1,956,609 
  
    Operating lease liabilities -