Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 50

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 were as follows:

    For the nine months ended  March 31,  
    For the three months ended March
31, 

    2025  
    2024  
    2025  
    2024 
  
    Lease cost: 

    Amortization of right-of-use assets 
    $717  
    $859  
    $-  
    $                       342 
  
    Interest of operating lease liabilities 
     -  
     50  
     -  
     7 
  
    Total lease cost 
    $717  
    $909  
    $-  
    $349 

Rent expenses totaled US$125,681 and US$131,083 from
the continuing operations for the nine months ended March 31, 2025 and 2024, respectively. Rent expenses totaled US$40,547 and US$45,539
from the continuing operations for the three months ended March 31, 2025 and 2024, respectively.

Rent expenses totaled US$19,115 and US$52,730 from
the discontinued operations for the nine months ended March 31, 2025 and 2024, respectively. Rent expenses totaled US$6,075 and US$357
from the discontinued operations for the three months ended March 31, 2025 and 2024, respectively.

The following is a schedule, by years, of maturities
of lease liabilities held for continuing operations as of March 31, 2025:

SCHEDULE
OF MATURITIES OF LEASE LIABILITIES

    Remainder of 2025 
    $288,652 
  
    2026 
     24,801 
  
    Total lease payments 
     313,453 
  
    Less: imputed interest 
     (1,080)
  
    Present value of lease liabilities 
    $312,373 

    25

Lessor

On September 21, 2023, the
Company’s continuing operations entered into a two-year rental agreement with a third party to lease its property for its
office space. Rental income of US$30,867
and US$30,766
was recorded in other income, net from the continuing operations on the unaudited condensed consolidated statements of loss and
comprehensive loss for the nine months ended March 31, 2025 and 2024, respectively