XML 51 R41.htm IDEA: XBRL DOCUMENT v3.23.1

TAXES (Tables)

9 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

SCHEDULE OF INCOME TAX BENEFIT

i) The components of the income tax benefit were as follows:

 SCHEDULE OF INCOME TAX BENEFIT

		2023				2022				2023				2022
		For the nine months ended March 31,								For the three months ended March 31,
		2023				2022				2023				2022
Current income tax benefit		$	-			$	(6,507	)		$	-			$	(29	)
Deferred income tax benefit			(33,089	)			-				(33,089	)			-
Total income tax benefit		$	(33,089	)		$	(6,507	)		$	(33,089	)		$	(29	)

SCHEDULE OF FINANCIAL REPORTING BASIS AND TAX BASIS OF ASSETS AND LIABILITIES

ii) The components of the deferred tax liability were as follows:

SCHEDULE OF FINANCIAL REPORTING BASIS AND TAX BASIS OF ASSETS AND LIABILITIES

		March 31, 2023				June 30, 2022
Deferred tax assets:
Allowance for doubtful accounts		$	1,180,479			$	1,252,245
Inventory reserve			339,515				311,439
Net operating loss carry-forwards			1,434,005				979,682
Total			2,953,999				2,543,366
Valuation allowance			(2,644,553	)			(2,543,366	)
Total deferred tax assets			309,446				-
Deferred tax liability:
Intangible assets			(1,866,478	)			-
Total deferred tax liability			(1,866,478	)			-
Deferred tax liability, net		$	(1,557,032	)		$	-

SCHEDULE OF MOVEMENT OF VALUATION ALLOWANCE

Movement of the valuation allowance:

 SCHEDULE OF MOVEMENT OF VALUATION ALLOWANCE

		March 31, 2023				June 30, 2022
Beginning balance		$	2,543,366			$	1,810,023
Acquisition of Biowin			397,305				-
Current year addition (reduction)			(233,037	)			798,160
Exchange difference			(63,081	)			(64,817	)
Ending balance		$	2,644,553			$	2,543,366

SCHEDULE OF TAXES PAYABLE

Taxes payable consisted of the following:

SCHEDULE OF TAXES PAYABLE 

		March 31, 2023				June 30, 2022
Income tax payable		$	986,629			$	992,780
Value added tax payable			27,577				34,925
Business tax and other taxes payable			1,654				3,375
Total tax payable			1,015,860				1,031,080
Less: income tax payable - current portion			569,000				584,220
Income tax payable – non-current portion		$	446,860			$	446,860

X

- Definition

Schedule of Taxes Payable [Table Text Block]

+ References

No definition available.

+ Details

Name:	SISI_ScheduleOfTaxesPayableTableTextBlock
Namespace Prefix:	SISI_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration