Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 214

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 214
---
 on cash and cash equivalents 
     936  
     215,513 
  
    Net decrease in cash, cash equivalents and restricted cash 
     (107,906) 
     (13,601,276)
  
    Cash, cash equivalents and restricted cash, beginning of the period 
     395,036  
     14,166,759 
  
    Cash, cash equivalents and restricted cash, end of the period 
    $287,130  
    $565,483 
  
    Less: cash of discontinued operations - ended of the period 
     (94,395) 
     (168,712)
  
    Cash of continuing operations - ended of the period 
    $192,735  
    $396,771 

Operating Activities

Net cash used in operating activities during the nine
months ended March 31, 2025 was approximately US$3.1 million, consisting of net loss from continuing operations of US$5.6 million,
depreciation and amortization expenses of US$1.0 million, accrued interest expense for convertible notes of US$0.5 million, amortization
of debt issuance and other costs of US$0.5 million, accrued interest income from third parties of US$0.6 million and net changes in our
operating assets and liabilities, which mainly included an increase in other payables and accrued expenses of US$2.0 million, an increase
in other current assets of US$0.4 million and net cash used in operating activities from discontinued operations of US$0.5 million.

Net cash used in operating activities during the nine
months ended March 31, 2024 was approximately US$3.1 million, consisting of net loss from continuing operations of US$8.6 million,
depreciation and amortization expenses of US$1.0 million, forgiveness of subscription receivable of US$3.0 million, common stock issued
for management and employees of US$0.5 million, accrued interest expense for convertible notes of US$0.7 million, amortization of debt
issuance and other costs of US$0.6 million, and net changes in our operating assets and liabilities, which mainly included an increase
in other payables and accrued expenses of US$0.6 million and net cash used in operating activities from discontinued operations of US$0.7
million.

70

Investing Activities

For the nine
months ended March