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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2019
Jun. 30, 2018
CURRENT ASSETS:    
Cash $ 34,032,952 $ 31,487,053
Accounts receivable, net 10,926,123 15,478,336
Due from related parties 193,123 388,261
Inventories 2,386,731 2,364,558
Advances to suppliers, net 12,958,601 4,977,407
Deferred issuance cost 434,000
Other current assets 1,075,420 1,034,780
TOTAL CURRENT ASSETS 61,572,950 56,164,395
Property and equipment, net 11,238,768 11,697,304
Land use right, net of accumulated amortization 1,301,925 1,345,088
Investments 6,903,787 6,567,090
Distribution rights 1,099,669 1,114,837
Long-term deposit and other noncurrent assets 107,759 113,764
Long-term accounts receivable, net 2,700,367
Prepaid leases 2,998,412 3,397,572
Deferred tax assets 105,813
TOTAL ASSETS 85,329,083 83,100,417
CURRENT LIABILITIES:    
Short-term loans 2,477,234 2,316,283
Accounts payable 1,205,657 2,270,140
Advances from customers 697,463 17,500
Due to related parties 228,022 197,617
Other payables and accrued expenses 2,987,517 1,736,735
Taxes payable 3,291,196 2,991,624
TOTAL CURRENT LIABILITIES 10,887,089 9,529,899
Income tax payable - noncurrent portion 685,185 685,185
Deferred tax liability 11,652
TOTAL LIABILITIES 11,572,274 10,226,736
Commitments and contingencies
EQUITY:    
Common stock; par value $0.001, 100,000,000 shares authorized; 22,871,772 and 21,234,072 shares issued and outstanding at March 31, 2019 and June 30, 2018 22,872 21,234
Additional paid-in capital 24,759,356 23,171,102
Statutory reserve 4,181,381 4,085,819
Retained earnings 46,230,705 46,051,289
Accumulated other comprehensive loss (2,524,852) (1,509,212)
Total Stockholders' equity of Shineco, Inc. 72,669,462 71,820,232
Non-controlling interest 1,087,347 1,053,449
TOTAL EQUITY 73,756,809 72,873,681
TOTAL LIABILITIES AND EQUITY $ 85,329,083 $ 83,100,417