Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 37

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 and 2023, total research and development expense
from continuing operations were US$39,115 and US$45,916, respectively. For the three months ended December 31, 2024 and 2023, total research
and development expense from continuing operations were US$25,697 and US$22,218, respectively. No research and development expense were
from discontinued operations for the six and three months ended December 31, 2024 and 2023.

Comprehensive Income (Loss)

Comprehensive income (loss) consists
of two components, net income (loss) and other comprehensive income (loss). The foreign currency translation gain resulting from translation
of the financial statements expressed in RMB to USD is reported in other comprehensive income (loss) in the unaudited condensed consolidated
statements of income (loss) and comprehensive income (loss).

Earnings (Loss) per Share

The Company computes earnings (loss)
per share (“EPS”) in accordance with ASC 260, “Earnings per Share” (“ASC 260”). ASC 260 requires
companies with complex capital structures to present basic and diluted EPS. Basic EPS is measured as net income (loss) divided by the
weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a
per share basis of potential common shares (e.g., outstanding convertible securities, options, and warrants) as if they had been converted
at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e.,
those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. There is no anti-dilutive
effect for the six and three months ended December 31, 2024 and 2023.

    17

The following table presents a reconciliation
of basic and diluted earnings (loss) per share for the six and three months ended December 31, 2024 and 2023:

 SCHEDULE
OF RECONCILIATION OF BASIC AND DILUTED (LOSS) PER SHARE

    2024  
    2023  
    2024  
    2023 

    For the six months ended  December
    31,  
    For
                                            the three months ended  December
                                            31,  

    2024  
    2023  
    202