Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 9

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 9
---
192,350) 
    $-  
    $123,281,225  
    $4,350,297  
    $(73,102,508) 
    $(189,035) 
    $7,895,660  
    $26,060,635 

*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.

3

SHINECO,
                                            INC.

CONDENSED
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

FOR
THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(UNAUDITED)

    COMMON  
    ADDITIONAL  

    ACCUMULATED OTHER  
    NON-  

    COMMON STOCK  
    SUBSCRIPTION  
    STOCK  
    PAID-IN  
    STATUTORY  
    ACCUMULATED  
    COMPREHENSIVE  
    CONTROLLING  
    TOTAL 

    SHARES*  
    AMOUNT  
    RECEIVABLE  
    SUBSCRIBED  
    CAPITAL  
    RESERVE  
    DEFICIT  
    LOSS  
    INTEREST  
    EQUITY 
  
    Balance at December 31, 2023 
     267,204  
    $268  
    $(178,332) 
    $-  
    $65,845,017  
    $4,198,107  
    $(30,696,669) 
    $(94,049) 
    $11,745,288  
    $50,819,630 

    Effect of rounding fractional shares into whole shares upon Reverse Stock Split 
     1,378  
     1  
     -  
     -  
     (1) 
     -  
     -  
     -  
     -  
     - 
  
    Proceeds received from investors for subscription of common stock 
     -  
     -  
     -  
     285,714  
     -  
     -  
     -  
     -  
     -  
     285,714 
  
    Net loss from continuing operations for the period