Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 200

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 2
Chunk 200
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8 to our unaudited condensed consolidated financial statements included elsewhere in this Report. The consideration
for this transfer was RMB 8.0 million (approximately US$1.1 million), and the gain from disposal of Chongshi was US$114,945 during the
three months ended December 31, 2024.

59

Other
income, Net

For
the three ended December 31, 2024, our net other income was US$322,030, representing an increase of US$47,965, or 17.50%, as compared
to net other income of US$274,065 in the same period in 2023. The increase in net other income was mainly attributable to other income
recognized when certain payables were waived by the creditors during the six months ended December 31, 2024, which was partially offset
by the decreased government subsidies received during the three months ended December 31, 2024.

Amortization
of Debt Issuance and Other Costs

For
the three months ended December 31, 2024, our amortization of debt issuance and other costs expenses was US$146,976, representing a decrease
of US$52,258, or 26.23%, as compared to amortization of debt issuance and other costs expenses of US$199,234 for the same period in 2023.
The decrease was mainly due to the decreased extension fee to be amortized during the three months ended December 31, 2024 as compared
to the same period last year, as our balance of the convertible note decreased, our extension fee decreased when we signed extension
amendments with the investor to extend the maturity date of the convertible notes.

Interest
Expenses, Net

For
the three months ended December 31, 2024, our net interest expenses were US$185,524, representing a decrease of US$266,566, or 58.96%,
as compared to net interest expenses of US$452,090 in the same period in 2023. The decrease in net interest expenses was mainly attributable
to the increased interest income generated from loans to third parties, and decreased interest expense for convertible notes as a result
of decreased balance of the convertible note.

Benefit
for Income Taxes

For
the three months ended December 31, 2024, our benefit for income taxes was US$242,475, representing a decrease of US$464,087, or