Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 189

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 189
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 of the short-term nature of these instruments.

Results of Operations for the Nine Months Ended
March 31, 2025 and 2024

Overview

The following table summarizes our results of operations
for the nine months ended March 31, 2025 and 2024:

    Nine Months Ended March 31,  
    Variance 

    2025  
    2024  
    Amount  
    % 
  
    Revenue 
    $259,040  
    $459,572  
    $(200,532) 
     (43.63)%
  
    Cost of revenue 
     136,707  
     213,133  
     (76,426) 
     (35.86)%
  
    Gross profit 
     122,333  
     246,439  
     (124,106) 
     (50.36)%
  
    General and administrative expenses 
     5,069,621  
     7,474,070  
     (2,404,449) 
     (32.17)%
  
    Selling expenses 
     88,030  
     157,654  
     (69,624) 
     (44.16)%
  
    Research and development expenses 
     54,602  
     77,811  
     (23,209) 
     (29.83)%
  
    Loss from operations 
     (5,089,920) 
     (7,463,096) 
     2,373,176  
     (31.80)%
  
    Gain from disposal of a subsidiary 
     114,945  
     -  
     114,945  
     100.00%
  
    Other income, net 
     3,505  
     79,520  
     (76,015) 
     (95.59)%
  
    Amortization of debt issuance and other costs 
     (482,664) 
     (612,072) 
     129,408  
     (21.14)%
  
    Interest expenses, net 
     (318,001) 
     (770,898) 
     452,897  
     (58.75)%
  
    Loss before income tax