XML 19 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Jun. 30, 2016
CURRENT ASSETS:    
Cash $ 23,154,551 $ 22,009,374
Accounts receivable, net 14,480,004 6,372,970
Due from related parties 448,833 850,707
Inventories 2,346,273 4,608,179
Advances to suppliers, net 2,396,123 53,024
Loans to third parties, net 830,090 560,234
Other receivables, net 535,700 463,361
Short-term deposit 158,894 100,270
Prepaid expenses 375,459 33,117
TOTAL CURRENT ASSETS 44,725,927 35,051,236
Property and equipment at cost, net of accumulated depreciation and amortization 10,320,396 11,035,199
Land use right, net of accumulated amortization 1,346,631 1,408,765
Investments 5,695,080 4,766,847
Deposit for business acquisition 2,065,686 0
Long-term deposit and other noncurrent assets 112,883 120,357
Prepaid leases 3,784,533 4,338,892
Deferred tax assets 233,834 327,492
TOTAL ASSETS 68,284,970 57,048,788
CURRENT LIABILITIES:    
Short-term loans 2,663,628 2,745,945
Accounts payable 158,068 259,803
Advances from customers 5,439 9,597
Due to related parties 257,880 244,915
Other payables and accrued expenses 337,107 1,999,622
Taxes payable 1,608,926 1,278,142
TOTAL LIABILITIES 5,031,048 6,538,024
Commitments and contingencies
EQUITY:    
Common stock; par value $0.001, 100,000,000 shares authorized; 21,034,072 and 19,320,882 shares issued and outstanding at June 30, 2017 and 2016 21,034 19,321
Additional paid-in capital 22,737,302 17,344,466
Statutory reserve 3,484,449 3,242,139
Retained earnings 39,064,743 30,837,399
Accumulated other comprehensive loss (3,140,982) (1,887,929)
Total Stockholders' equity of Shineco, Inc. 62,166,546 49,555,396
Non-controlling interest 1,087,376 955,368
TOTAL EQUITY 63,253,922 50,510,764
TOTAL LIABILITIES AND EQUITY $ 68,284,970 $ 57,048,788