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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Jun. 30, 2015
CURRENT ASSETS:    
Cash $ 22,009,374 $ 6,056,105
Accounts receivable, net - third parties 4,464,098 4,878,378
- unconsolidated entity 1,088,144 2,409,664
Due from related parties 1,671,435 2,623,169
Inventories 4,608,179 8,302,297
Advances to suppliers, net 53,024 1,383,934
Loans to third parties, net 560,234 1,130,139
Other receivables, net 463,361 663,193
Short-term deposit 100,270 87,453
Prepaid leases - current, net 478,565 521,235
Prepaid expenses 33,117 200,304
TOTAL CURRENT ASSETS 35,529,801 28,255,871
Property and equipment at cost, net of accumulated depreciation and amortization 11,035,199 5,805,965
Land use right, net of accumulated amortization 1,408,765 1,568,701
Investments 4,766,847 11,417,953
Long-term deposit and other noncurrent assets 120,357 135,242
Prepaid leases-non current, net 3,860,327 4,719,320
Deferred tax assets 327,492 229,072
TOTAL ASSETS 57,048,788 52,132,124
CURRENT LIABILITIES:    
Short-term loans-banks 2,745,945 3,385,006
Accounts payable 259,803 171,642
Advances from customers 9,597 32,826
Due to related parties 244,915 137,508
Other payables and accrued expenses 1,999,622 1,119,591
Taxes payable 1,278,142 1,076,253
TOTAL LIABILITIES 6,538,024 5,922,826
Commitments and contingencies
EQUITY:    
Common stock; par value $0.001, 100,000,000 shares authorized; 19,320,882 issued and outstanding 19,321 19,321
Additional paid-in capital 17,344,466 17,344,466
Statutory reserve 3,242,139 2,924,921
Retained earnings 30,837,399 23,017,721
Accumulated other comprehensive income (loss) (1,887,929) 2,054,720
Total Stockholders' equity of Shineco, Inc. 49,555,396 45,361,149
Non-controlling interest 955,368 848,149
TOTAL EQUITY 50,510,764 46,209,298
TOTAL LIABILITIES AND EQUITY $ 57,048,788 $ 52,132,124