v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2012
Jun. 30, 2011
Assets    
Cash and cash equivalents $ 4,433,333 $ 4,878,828
Advances to suppliers 901,654 338,307
Accounts receivable, less allowance for doubtful accounts of $357,042 and $194,955 as of June 30, 2012 and June 30, 2011, respectively 3,788,966 1,847,990
Other receivables, less allowance for doubtful accounts of $80,000 and $80,000 as of June 30, 2012 and June 30, 2011, respectively 377,835 417,853
Other current assets 82,257 99,000
Prepaid taxes 27,356 286,492
Deferred tax assets 175,000 117,000
Total current assets 9,786,401 7,985,470
Property and equipment, net 415,672 587,024
Other long-term assets 30,457 42,922
Deferred tax assets - long term 344,000 252,000
Equity investment 0 186,514
Total Assets 10,576,530 9,053,930
Liabilities and Equity    
Advances from customers 303,437 710,891
Accounts payable 7,467,145 2,913,553
Accrued expenses 92,217 81,146
Other current liabilities 169,628 173,249
Total Current Liabilities 8,032,427 3,878,839
Total Liabilities 8,032,427 3,878,839
Commitments and Contingency      
Equity    
Preferred stock, 1,000,000 shares authorized, no par value; 0 0
Common stock, 10,000,000 shares authorized, no par value; 3,029,032 shares issued, 2,903,841 outstanding as of June 30, 2012 and June 30, 2011 7,709,745 7,709,745
Additional paid-in capital 1,191,796 1,191,796
Treasury stock, at cost - 125,191 shares (372,527) (372,527)
Accumulated deficit (3,056,858) (1,288,783)
Accumulated other comprehensive loss 16,709 (9,023)
Unearned Stock-based Compensation (202,089) (397,558)
Total Sino-Global Shipping America Ltd. Stockholders' equity 5,286,776 6,833,650
Non-Controlling interest (2,742,673) (1,658,559)
Total equity 2,544,103 5,175,091
Total Liabilities and Equity $ 10,576,530 $ 9,053,930