Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 92

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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 liabilities of discontinued operations as of March 31, 2025 and June 30, 2024 consist of the following:

SCHEDULE OF DISCONTINUED OPERATIONS

    March 31, 2025  
    June 30, 2024 
  
    Assets of discontinued operation: 

    Current assets: 

    Cash 
    $79,239  
    $214,259 
  
    Restricted cash 
     15,156  
     28,896 
  
    Accounts receivables, net 
     1,677,590  
     1,214,757 
  
    Due from related parties 
     234,225  
     359,321 
  
    Inventories, net 
     1,025,836  
     1,308,556 
  
    Advances to suppliers, net 
     19,079,599  
     9,986,844 
  
    Derivative financial assets 
     3,357  
     6,380 
  
    Other current assets, net 
     248,218  
     378,403 
  
    Total current assets of discontinued operation 
     22,363,220  
     13,497,416 

    Property and equipment, net 
     5,178,302  
     5,159,441 
  
    Land use right, net of accumulated amortization 
     601,305  
     615,607 
  
    Intangible assets, net 
     29,572,727  
     32,234,273 
  
    Goodwill 
     3,221,059  
     11,171,537 
  
    Operating lease right-of-use assets 
     -  
     712 
  
    Total assets of discontinued operation 
    $60,936,613  
    $62,678,986 

    Liabilities of discontinued operation: 

    Current liabilities: 

    Short-term loans 
    $12,121,049  
    $12,288,506 
  
    Long-term loans - current portion 
     20,667  
     632,959 
  
    Accounts payable 
     4,358,856  
     708,778 
  
    Advances from customers 
     10,776,154  
     217,918 
  
    Due to related