Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 45

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 45
---
     (305,487)
  
    Ending balance 
    $4,328,478  
    $4,656,522 

NOTE 8 - PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

SCHEDULE
OF PROPERTY AND EQUIPMENT

    March 31, 2025  
    June 30, 2024 

    Buildings 
    $5,122,394  
    $6,167,928 
  
    Machinery and equipment 
     3,071,342  
     3,051,688 
  
    Motor vehicles 
     236,154  
     275,366 
  
    Office equipment 
     98,014  
     97,882 
  
    Fixture and furniture 
     102,071  
     101,936 
  
    Construction in progress 
     495,713  
     230,661 
  
    Subtotal 
     9,125,688  
     9,925,461 
  
    Less: accumulated depreciation and amortization 
     (3,784,952) 
     (3,556,394)
  
    Less: accumulated impairment for property and equipment 
     (89,426) 
     (89,308)
  
    Total property and equipment, net 
     5,251,310  
     6,279,759 
  
    Less: property and equipment, net, held for discontinued operations 
     (5,178,302) 
     (5,159,441)
  
    Property and equipment, net held for continuing operations 
    $73,008  
    $1,120,318 

Depreciation and amortization expense charged to the
continuing operations was US$44,598 and US$68,041 for the nine months ended March 31, 2025 and 2024, respectively. Depreciation and amortization
expense charged to the continuing operations was US$11,030 and US$25,598 for the three months ended March 31, 2025 and 2024, respectively.

Depreciation and amortization expense charged to the
discontinued operations was US$267,334 and US$290,038 for the nine months ended March 31, 2025 and 2024, respectively. Depreciation and
amortization expense charged to the discontinued operations was US