Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 26

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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ABILITIES AND INCOME INFORMATION

    2025  
    2024  
    2025  
    2024 

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

    2025  
    2024  
    2025  
    2024 
  
    Income from operations 
    $-  
    $60,426  
    $-  
    $- 
  
    Net income 
    $-  
    $60,426  
    $-  
    $- 

    10

Non-controlling Interests

U.S. GAAP requires that non-controlling interests
in subsidiaries and affiliates be reported in the equity section of a company’s balance sheet. In addition, the amounts attributable
to the non-controlling interests in the net loss of these entities are reported separately in the unaudited condensed consolidated statements
of loss and comprehensive loss.

Risks and Uncertainties

The operations of the Company are located in the PRC
and are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe.
These include risks associated with, among others, the political, economic, and legal environment and foreign currency exchange. The Company’s
results may be adversely affected by changes in the political, regulatory, and social conditions in the PRC, and by changes in governmental
policies or interpretations with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad,
and rates and methods of taxation, among other things. Although the Company has not experienced losses from these factors and believes
that it is in compliance with existing laws and regulations, there is no guarantee that the Company will continue to do so in the future.

Use of Estimates

The preparation of the unaudited condensed consolidated
financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial
statements as well as the reported amounts of revenue and expenses during the reporting periods. Significant estimates required to be
made by management include, but are not limited to, useful lives of property and equipment, and intangible assets, the recoverability
of long-lived assets, assessment of expected credit losses for accounts receivable and other current asset, the valuation allowance of