Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 134

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 134
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 and restricted cash 
     (107,906) 
     (13,601,276)
  
    Cash, cash equivalents and restricted cash, beginning of the period 
     395,036  
     14,166,759 
  
    Cash, cash equivalents and restricted cash, end of the period 
    $287,130  
    $565,483 
  
    Less: cash of discontinued operations - ended of the period 
     (94,395) 
     (168,712)
  
    Cash of continuing operations - ended of the period 
    $192,735  
    $396,771 

Operating Activities

Net cash used in operating activities during the nine
months ended March 31, 2025 was approximately US$3.1 million, consisting of net loss from continuing operations of US$5.6 million,
depreciation and amortization expenses of US$1.0 million, accrued interest expense for convertible notes of US$0.5 million, amortization
of debt issuance and other costs of US$0.5 million, accrued interest income from third parties of US$0.6 million and net changes in our
operating assets and liabilities, which mainly included an increase in other payables and accrued expenses of US$2.0 million, an increase
in other current assets of US$0.4 million and net cash used in operating activities from discontinued operations of US$0.5 million.

Net cash used in operating activities during the nine
months ended March 31, 2024 was approximately US$3.1 million, consisting of net loss from continuing operations of US$8.6 million,
depreciation and amortization expenses of US$1.0 million, forgiveness of subscription receivable of US$3.0 million, common stock issued
for management and employees of US$0.5 million, accrued interest expense for convertible notes of US$0.7 million, amortization of debt
issuance and other costs of US$0.6 million, and net changes in our operating assets and liabilities, which mainly included an increase
in other payables and accrued expenses of US$0.6 million and net cash used in operating activities from discontinued operations of US$0.7
million.

70

Investing Activities

For the nine
months ended March 31, 2025, net cash used in investing activities was US$3.0 million, primarily due to prepayment for