Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 0

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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SHINECO, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

    December 31,  
    June 30, 

    2024  
    2024 

    (Unaudited)  

    ASSETS 

    CURRENT ASSETS: 

    Cash and cash equivalents 
    $731,790  
    $366,140 
  
    Restricted cash 
     15,072  
     28,896 
  
    Accounts receivable, net 
     1,240,561  
     1,215,114 
  
    Due from related parties 
     304,616  
     383,745 
  
    Inventories, net 
     1,696,800  
     1,588,525 
  
    Advances to suppliers, net 
     20,227,434  
     10,020,707 
  
    Derivative financial assets 
     6,969  
     6,380 
  
    Other current assets, net 
     11,987,014  
     7,294,454 
  
    TOTAL CURRENT ASSETS 
     36,210,256  
     20,903,961 

    Property and equipment, net 
     5,049,753  
     6,279,759 
  
    Land use right, net 
     605,316  
     615,607 
  
    Intangible assets, net 
     40,629,540  
     43,043,733 
  
    Goodwill 
     13,190,284  
     13,190,284 
  
    Operating lease right-of-use assets 
     112,159  
     146,035 
  
    TOTAL ASSETS 
    $95,797,308  
    $84,179,379 

    LIABILITIES AND EQUITY 

    CURRENT LIABILITIES: 

    Short-term loans 
    $14,019,459  
    $14,538,525 
  
    Long-term loans - current portion 
     20,552  
     632,959 
  
    Accounts payable 
     2,639,895  
     812,914 
  
    Contract liabilities 
     10,109,224  
     246,850 
  
    Due to related parties