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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Jun. 30, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 15,395,175 $ 15,165,231
Accounts receivable, net 3,056,788 1,821,554
Due from related parties, net $ 5,929,255 $ 6,794,987
Other Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration] Related Party [Member] Related Party [Member]
Inventories, net $ 18,993,652 $ 18,718,524
Advances to suppliers, net 20,828 3,551
Other current assets, net 2,455,515 17,231,578
TOTAL CURRENT ASSETS 45,851,213 59,735,425
Property and equipment, net 1,311,862 1,375,472
Investment in unconsolidated entity 596,514 617,446
Intangible assets, net 12,366,564
Goodwill 6,574,743
Long-term deposit and other noncurrent assets 6,192 9,525
Operating lease right-of-use assets 1,022,097 2,088,149
TOTAL ASSETS 67,729,185 63,826,017
CURRENT LIABILITIES:    
Short-term loans 1,310,418
Accounts payable 327,760 1,547
Advances from customers 180,275 6,676
Due to related parties $ 2,622,798 $ 2,798,800
Other Liability, Current, Related and Nonrelated Party Status [Extensible Enumeration] Related Party [Member] Related Party [Member]
Other payables and accrued expenses $ 2,297,982 $ 10,272,194
Operating lease liabilities - current 369,870 959,909
Convertible note payable 14,873,579 14,416,956
Taxes payable 569,000 584,220
TOTAL CURRENT LIABILITIES 22,551,682 29,040,302
Income tax payable - noncurrent portion 446,860 446,860
Operating lease liabilities - non-current 605,420 1,025,967
Deferred tax liability 1,557,032
TOTAL LIABILITIES 25,160,994 30,513,129
Commitments and contingencies
EQUITY:    
Common stock; par value $0.001, 100,000,000 shares authorized; 20,664,848 and 10,983,863 shares issued and outstanding at March 31, 2023 and June 30, 2022 20,665 10,984
Additional paid-in capital 65,368,664 52,998,924
Subscription receivable (3,822,362) (3,024,000)
Subscribled common stock 1,194,029
Statutory reserve 4,198,107 4,198,107
Accumulated deficit (26,250,151) (18,372,023)
Accumulated other comprehensive loss (3,342,816) (2,100,756)
Total Stockholders’ equity of Shineco, Inc. 37,366,136 33,711,236
Non-controlling interest 5,202,055 (398,348)
TOTAL EQUITY 42,568,191 33,312,888
TOTAL LIABILITIES AND EQUITY $ 67,729,185 $ 63,826,017