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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Jun. 30, 2019
CURRENT ASSETS:    
Cash $ 37,612,582 $ 35,330,676
Accounts receivable, net 9,426,046 9,683,074
Due from related parties 122,753 188,453
Inventories 1,988,750 2,215,559
Advances to suppliers, net 7,621,702 11,833,994
Other current assets 2,080,374 1,710,619
TOTAL CURRENT ASSETS 58,852,207 60,962,375
Property and equipment, net 9,951,116 10,667,730
Land use right, net of accumulated amortization 1,208,304 1,264,309
Investments 6,466,685 6,650,944
Distribution rights 1,033,860 1,074,736
Long-term deposit and other noncurrent assets 98,773 103,864
Long-term accounts receivable, net
Right of use assets 3,241,426
Prepaid leases 2,857,344
Deferred tax assets 295,291 158,171
TOTAL ASSETS 81,147,662 83,739,473
CURRENT LIABILITIES:    
Short-term loans 2,311,475 2,410,147
Accounts payable 249,013 220,119
Advances from customers 6,264 382,091
Due to related parties 287,066 234,500
Other payables and accrued expenses 3,506,546 3,893,027
Operating lease liabilities - current 428,863
Taxes payable 3,208,204 3,341,872
TOTAL CURRENT LIABILITIES 9,997,431 10,481,756
Income tax payable - noncurrent portion 625,603 625,603
Operating lease liabilities - non-current 3,020  
Deferred tax liability
TOTAL LIABILITIES 10,626,054 11,107,359
Commitments and contingencies
EQUITY:    
Common stock; par value $0.001, 100,000,000 shares authorized; 27,333,428 and 22,871,772 shares issued and outstanding at September 30, 2019 and June 30, 2019 27,333 22,872
Additional paid-in capital 27,277,758 24,759,356
Statutory reserve 4,198,107 4,198,107
Retained earnings 44,942,553 46,735,190
Accumulated other comprehensive loss (7,000,396) (4,184,024)
Total Stockholders' equity of Shineco, Inc. 69,445,355 71,531,501
Non-controlling interest 1,076,253 1,100,613
TOTAL EQUITY 70,521,608 72,632,114
TOTAL LIABILITIES AND EQUITY $ 81,147,662 $ 83,739,473