Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 109

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 109
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 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 benefit from continuing operations 
     (5,772,135) 
     (8,766,546)