Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 58

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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) 

    Total intangible assets, net 
     29,572,727  

    Less: intangible assets, net held for discontinued operation 
     (29,572,727) 

    Intangible assets, net held for continuing operations 
    $-  

The amortization expense of intangible assets was
US$2,661,545 and US$2,365,819 from discontinued operations for the nine months ended March 31, 2025 and 2024, respectively. The amortization
expense of intangible assets was US$887,182 and US$887,183 from discontinued operations for the three months ended March 31, 2025 and
2024, respectively.

Under ASC 805-10, acquisition-related costs (i.e.,
advisory, legal, valuation and other professional fees) are not included as a component of consideration transferred, but are expensed
in the periods in which the costs are incurred. Acquisition-related costs were nil and US$779,606 for the nine months ended March 31,
2025 and 2024, respectively. Acquisition-related costs were nil for the three months ended March 31, 2025 and 2024.

    30

The Company has included the operating results of
Wintus in discontinued operations in its unaudited condensed consolidated financial statements since the Acquisition Date. US$7,633,705
in net sales and US$15,874,674 in net loss of Wintus were included in discontinued operations in the unaudited condensed consolidated
financial statements for the nine months ended March 31, 2025. US$2,628,318 in net sales and US$12,529,002 in net loss of Wintus were
included in discontinued operations in the unaudited condensed consolidated financial statements for the three months ended March 31,
2025. US$4,844,587 in net sales and US$3,771,648 in net loss of Wintus were included in discontinued operations in the unaudited
condensed consolidated financial statements for the nine months ended March 31, 2024. US$1,202,054 in net sales and US$2,633,246 in
net loss of Wintus were included in discontinued operations in the unaudited condensed consolidated financial statements for the three
months ended March 31, 2024.

NOTE 12 - RELATED PARTY TRAN