v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2014
Jun. 30, 2013
Current assets    
Cash and cash equivalents $ 2,290,635 $ 3,048,831
Advances to suppliers 59,558 231,772
Accounts receivable, less allowance for doubtful accounts of $426,818 and $690,065 as of March 31, 2014 and June 30, 2013, respectively 343,047 3,142,203
Other receivables, less allowance for doubtful accounts of $222,600 and $233,950 as of March 31, 2014 and June 30, 2013, respectively 204,245 142,206
Other current assets 6,537 12,488
Prepaid taxes 0 26,288
Due from related parties 1,108,334 541,377
Total current assets 4,012,356 7,145,165
Property and equipment, net 343,482 267,662
Other long-term assets 16,709 18,278
Deferred tax assets 145,800 [1] 105,100 [1]
Total Assets 4,518,347 7,536,205
Current liabilities    
Advances from customers 172,527 710,172
Accounts payable 350,254 3,219,240
Accrued expenses 31,514 51,352
Other current liabilities 614,865 424,141
Total Current Liabilities 1,169,160 4,404,905
Total Liabilities 1,169,160 4,404,905
Commitments and Contingency      
Equity    
Preferred stock, 1,000,000 shares authorized, no par value, none issued. 0 0
Common stock, 10,000,000 shares authorized, no par value; 4,829,032 shares issued as of March 31, 2014 and June 30, 2013; 4,703,841 outstanding as of March 31, 2014 and June 30, 2013 10,750,157 10,750,157
Additional paid-in capital 1,144,842 1,144,842
Treasury stock, at cost - 125,191 shares (372,527) (372,527)
Accumulated deficit (3,755,977) (4,856,613)
Accumulated other comprehensive income 39,900 54,791
Unearned Stock-based Compensation (15,520) (15,520)
Total Sino-Global Shipping America Ltd. Stockholders' equity 7,790,875 6,705,130
Non-Controlling interest (4,441,688) (3,573,830)
Total equity 3,349,187 3,131,300
Total Liabilities and Equity $ 4,518,347 $ 7,536,205
[1] Net balance was not significant, therefore, considered as part of long-term portion