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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) | 3 Months Ended
--- | ---
Sep. 30, 2017 | Sep. 30, 2016
REVENUE | $ 7,809,494 | $ 6,366,664
COST OF REVENUE |  |
Cost of product and services | 5,705,511 | 4,436,172
Business and sales related tax | 15,613 | 15,545
Total cost of revenue | 5,721,124 | 4,451,717
GROSS PROFIT | 2,088,370 | 1,914,947
OPERATING EXPENSES |  |
General and administrative expenses | 835,551 | 473,764
Selling expenses | 294,936 | 380,318
Total operating expenses | 1,130,487 | 854,082
INCOME FROM OPERATIONS | 957,883 | 1,060,865
OTHER INCOME |  |
Income from equity method investments | 148,458 | 161,182
Purchase rebate income | 368,803 | 239,990
Other income | 85,619 | 85,901
Interest income (expense), net | (19,185) | 32,753
Total other income | 583,695 | 519,826
INCOME BEFORE PROVISION FOR INCOME TAXES | 1,541,578 | 1,580,691
PROVISION FOR INCOME TAXES | 282,857 | 201,636
NET INCOME | 1,258,721 | 1,379,055
Less: net income attributable to non-controlling interest | 2,831 | 30,348
NET INCOME ATTRIBUTABLE TO SHINECO, INC. | 1,255,890 | 1,348,707
COMPREHENSIVE INCOME |  |
Net income | 1,258,721 | 1,379,055
Other comprehensive income (loss): foreign currency translation gain (loss) | 1,469,410 | (196,681)
Total comprehensive income | 2,728,131 | 1,182,374
Less: comprehensive income attributable to non-controlling interest | 22,853 | 26,626
COMPREHENSIVE INCOME ATTRIBUTABLE TO SHINECO, INC. | $ 2,705,278 | $ 1,155,748
Weighted average number of shares basic and diluted | 21,034,072 | 19,376,747
Basic and diluted earnings per common share | $ 0.06 | $ 0.07

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