Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 57

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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11,171,537 
  
    Less: goodwill, net held for discontinued operations 
     (3,221,059) 
     (11,171,537)
  
    Goodwill, net held for continuing operations 
    $-  
    $- 

    29

The following table summarizes the allocation of estimated
fair values of net assets acquired and liabilities assumed:

SCHEDULE
OF ALLOCATION OF ESTIMATED FAIR VALUES

    Accounts receivable, net 
    $12,507,353 
  
    Advances to suppliers, net 
     3,513,448 
  
    Inventories, net 
     1,782,180 
  
    Derivative financial assets 
     6,212 
  
    Other current assets, net 
     1,426,163 
  
    Property and equipment, net 
     5,407,301 
  
    Intangible assets 
     36,117,041 
  
    Operating lease right-of-use assets 
     1,999 
  
    Goodwill 
     21,440,360 
  
    Short-term bank loans 
     (12,021,992)
  
    Accounts payable 
     (6,686,700)
  
    Advances from customers 
     (78,677)
  
    Tax payable 
     (600,742)
  
    Deferred income 
     (77,007)
  
    Other current liabilities 
     (2,277,877)
  
    Long-term bank loans 
     (2,071,093)
  
    Operating lease liabilities - non-current 
     (1,847)
  
    Deferred tax liabilities 
     (9,186,376)
  
    Non-controlling interest 
     (8,197,473)
  
    Total purchase price for acquisition, net of US$1,003,678 of cash 
    $41,002,273 
  
    Total purchase price for acquisition 
    $41,002,273 

The fair value of identified intangible assets, which
are trademarks and patents, and its estimated useful lives as of March 31, 2025 is as follows:

SCHEDULE
OF INTANGIBLE ASSETS

    Average 

    Useful Life 

    (in Years) 

    Intangible assets 
    $35,487,273  
     10 
  
    Less: accumulated amortization 
     (5,914,546