XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (Unaudited) - USD ($)
 3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]    
REVENUE $ 2,174,285 $ 1,645,857
COST OF REVENUE    
Cost of products 1,881,519 1,545,925
Business and sales related tax 925 977
Total cost of revenue 1,882,444 1,546,902
GROSS PROFIT 291,841 98,955
OPERATING EXPENSES    
General and administrative expenses 2,636,575 3,259,465
Selling expenses 32,241 47,833
Research and development expenses 13,418 23,698
Total operating expenses 2,682,234 3,330,996
LOSS FROM OPERATIONS (2,390,393) (3,232,041)
OTHER INCOME (EXPENSE)    
Investment income from derivative financial assets 2,277 2,768
Other income (expenses), net (51,935) 818
Amortization of debt issuance and other costs (188,712) (166,823)
Interest expenses, net (222,316) (369,211)
Total other expenses (460,686) (532,448)
LOSS BEFORE BENEFIT FOR INCOME TAXES FROM CONTINUING OPERATIONS (2,851,079) (3,764,489)
BENEFIT FOR INCOME TAXES (292,951) (251,366)
NET LOSS FROM CONTINUING OPERATIONS (2,558,128) (3,513,123)
DISCONTINUED OPERATIONS:    
Loss from discontinued operations, net of taxes (49,455)
Income from disposal of discontinued operations 8,904,702
Net income from discontinued operations 8,855,247
NET INCOME (LOSS) (2,558,128) 5,342,124
Net loss attributable to non-controlling interest (535,286) (24,071)
NET INCOME (LOSS) ATTRIBUTABLE TO SHINECO, INC. (2,022,842) 5,366,195
COMPREHENSIVE INCOME (LOSS)    
Net income (loss) (2,558,128) 5,342,124
Other comprehensive income: foreign currency translation loss 187,706 97,965
Total comprehensive income (loss) (2,370,422) 5,440,089
Less: comprehensive loss attributable to non-controlling interest (527,739) (40,544)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO SHINECO, INC. $ (1,842,683) $ 5,480,633
Weighted average number of shares - Basic [1] 862,839 131,678
Weighted average number of shares - diluted [1] 862,839 131,678
Net earnings (loss) per common share - basic $ (2.34) $ 40.75
Net earnings (loss) per common share - diluted (2.34) 40.75
Earnings (loss) per common share    
Earnings (loss) per common share continuing operations - basic (2.34) (26.50)
Earnings (loss) per common share continuing operations - diluted (2.34) (26.50)
Earnings (loss) per common share discontinuing operations - Basic 67.25
Earnings (loss) per common share discontinuing operations - diluted $ 67.25
[1] Retrospectively restated for effect of the Reverse Stock Splits on February 16, 2024 and November 12, 2024.