v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2018
Jun. 30, 2017
Current assets    
Cash and cash equivalents $ 9,549,942 $ 8,733,742
Accounts receivable, less allowance for doubtful accounts of $1,350,531 and $185,821 as of March 31, 2018 and June 30, 2017, respectively 4,757,547 2,569,141
Other receivables, less allowance for doubtful accounts of $145,244 and $145,244 as of March 31, 2018 and June 30, 2017, respectively 167,018 37,811
Advances to suppliers-third parties 442,137 54,890
Advances to suppliers-related party 3,601,421 3,333,038
Prepaid expenses and other current assets 397,368 311,136
Due from related parties, net 2,249,544 1,715,130
Total Current Assets 21,164,977 16,754,888
Property and equipment, net 536,282 187,373
Intangible assets, net 168,889
Prepaid expenses 6,882
Other long-term assets 137,850 117,478
Deferred tax assets 1,670,100 749,400
Total Assets 23,678,098 17,816,021
Current Liabilities    
Advances from customers 373,172 369,717
Accounts payable 472,085 206,211
Taxes payable 2,401,934 1,886,216
Due to related parties 206,323
Accrued expenses and other current liabilities 423,877 418,029
Total Current Liabilities 3,671,068 3,086,496
Income tax payable - noncurrent portion 440,219
Total Liabilities 4,111,287 3,086,496
Commitments and Contingencies
Equity    
Preferred stock, 2,000,000 shares authorized, no par value, none issued.
Common stock, 50,000,000 shares authorized, no par value; 12,611,032 and 10,281,032 shares issued as of March 31, 2018 and June 30, 2017, respectively; 12,435,535 and 10,105,535 outstanding as of March 31, 2018 and June 30, 2017, respectively 22,046,330 20,535,379
Additional paid-in capital 2,386,864 688,934
Treasury stock, at cost, 175,497 shares as of March 31, 2018 and June 30, 2017 (417,538) (417,538)
Retained earnings (accumulated deficit) 105,939 (893,907)
Accumulated other comprehensive income (loss) 153,775 (414,564)
Total Sino-Global Shipping America Ltd. Stockholders' Equity 24,275,370 19,498,304
Non-controlling Interest (4,708,559) (4,768,779)
Total Equity 19,566,811 14,729,525
Total Liabilities and Equity $ 23,678,098 $ 17,816,021