Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 48

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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2023 
  
    Lease cost: 

    Amortization of right-of-use assets 
    $82,217  
    $33,949  
    $44,043  
    $18,674 
  
    Interest of operating lease liabilities 
     2,799  
     3,053  
     1,513  
     778 
  
    Total lease cost 
    $85,016  
    $37,002  
    $45,556  
    $19,452 

Rent expenses totaled US$98,174 and US$86,139
from the continuing operations for the six months ended December 31, 2024 and 2023, respectively. Rent expenses totaled US$51,701 and
US$45,588 from the continuing operations for the three months ended December 31, 2024 and 2023, respectively.

Rent expenses totaled nil and US$51,778
from the discontinued operations for the six months ended December 31, 2024 and 2023, respectively. Rent expenses totaled both nil from
the discontinued operations for the three months ended December 31, 2024 and 2023.

    23

The following is a schedule, by years,
of maturities of lease liabilities as of December 31, 2024:

SCHEDULE
OF MATURITIES OF LEASE LIABILITIES

    Remainder of 2025 
    $287,047 
  
    2026 
     24,663 
  
    Total lease payments 
     311,710 
  
    Less: imputed interest 
     (1,792)
  
    Present value of lease liabilities 
    $309,918 

Lessor

On September 21, 2023, the Company 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$15,340
was recorded in other income, net on the unaudited condensed consolidated statements of income (loss) and comprehensive income (loss)
for the six months ended December 31, 2024 and 2023, respectively. Rental income of US$15,399 and US$15,340 was recorded in other income,
net on the unaudited condensed consolidated statements of income (loss) and comprehensive income (loss) for the three months ended December
31, 2024 and