Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 12

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 an integral part of these unaudited
condensed consolidated financial statements.

4

SHINECO,
INC.

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

    2025  
    2024 

    For the Nine Months Ended March 31, 

    2025  
    2024 

    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(21,458,955) 
    $(4,082,707)
  
    Net income (loss) from discontinued operations, net of tax 
     (15,874,674) 
     4,531,193 
  
    Net loss from continuing operations 
     (5,584,281) 
     (8,613,900)

    Adjustments to reconcile net loss to net cash used in operating activities: 

    Depreciation and amortization 
     1,004,266  
     1,019,419 
  
    Allowance for (net recovery of) credit losses and doubtful accounts 
     (302,781) 
     95,770 
  
    Reversal of inventory reserve 
     (30,690) 
     (26,362)
  
    Deferred tax benefit 
     (187,854) 
     (152,647)
  
    Gain from disposal of a subsidiary 
     (114,945) 
     - 
  
    Amortization of right of use assets 
     129,008  
     56,721 
  
    Forgiveness of subscription receivable 
     -  
     3,024,000 
  
    Common stock issued for management and employees 
     140,132  
     540,310 
  
    Amortization of debt issuance and other costs 
     482,664  
     612,072 
  
    Accrued interest expense for convertible notes 
     496,644  
     682,003 
  
    Accrued interest expense for loans and
others 
     322,098  
     - 
  
    Accrued interest income from third parties 
     (576,800) 
     (17,949)

    Changes in operating assets and liabilities: 

    Accounts receivable 
     4,734  
     12,256