Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 196

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 2
Chunk 196
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, and our sales of fresh fruits increased during the three months ended December 31, 2024.

For
the three months ended December 31, 2024 and 2023, revenue from sales of healthy meal products was US$ nil and US$11,104, respectively,
representing a decrease of US$11,104, or 100.00%. Due to the low market acceptance and high store maintenance cost, we incurred substantial
losses in this business segment. Therefore, the management decided to temporarily suspend healthy meal products business, and revenue
from sales of healthy meal products decreased during the three months ended December 31, 2024.

Cost
of Revenue and Related Tax

The
following table sets forth the breakdown of the cost of revenue for the three months ended December 31, 2024 and 2023, respectively:

    Three Months Ended December 31,  
    Variance 

    2024  
    %  
    2023  
    %  
    Amount  
    % 
  
    Rapid diagnostic and other products 
    $24,154  
     0.83% 
    $70,959  
     3.56% 
    $(46,805) 
     (65.96)%
  
    Other agricultural products 
     2,902,427  
     99.13% 
     1,897,847  
     95.15% 
     1,004,580  
     52.93%
  
    Healthy meal products 
     -  
     -  
     19,446  
     0.97% 
     (19,446) 
     (100.00)%
  
    Business and sales related tax 
     1,130  
     0.04% 
     6,332  
     0.32% 
     (5,202) 
     (82.15)%
  
    Total Amount 
    $2,927,711  
     100.00% 
    $1,994,584  
     100.00% 
    $933,127  
     46.78%

For
the three months ended December 31, 2024 and 2023, cost of revenue from sales of rapid diagnostic and other products was US$24,154 and
US$70,959,