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Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Jun. 30, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 731,790 $ 366,140
Restricted cash 15,072 28,896
Accounts receivable, net 1,240,561 1,215,114
Inventories, net 1,696,800 1,588,525
Advances to suppliers, net 20,227,434 10,020,707
Derivative financial assets 6,969 6,380
Other current assets, net 11,987,014 7,294,454
TOTAL CURRENT ASSETS 36,210,256 20,903,961
Property and equipment, net 5,049,753 6,279,759
Land use right, net 605,316 615,607
Intangible assets, net 40,629,540 43,043,733
Goodwill 13,190,284 13,190,284
Operating lease right-of-use assets 112,159 146,035
TOTAL ASSETS 95,797,308 84,179,379
CURRENT LIABILITIES:    
Short-term loans 14,019,459 14,538,525
Long-term loans - current portion 20,552 632,959
Accounts payable 2,639,895 812,914
Contract liabilities 10,109,224 246,850
Other payables and accrued expenses 1,669,806 2,528,355
Operating lease liabilities - current 297,775 272,787
Convertible note payable - current 9,548,551 4,194,841
Deferred income 191,821 72,610
Taxes payable 1,371,236 1,387,630
TOTAL CURRENT LIABILITIES 42,171,740 27,562,855
Income tax payable - non-current portion 186,191 186,191
Operating lease liabilities - non-current 12,143
Convertible note payable - non-current 8,937,173
Long-term loans - non-current 1,678,436 1,080,159
Deferred tax liability 9,253,528 9,835,306
TOTAL LIABILITIES 53,302,038 47,601,684
Commitments and contingencies
EQUITY:    
Common stock; par value $0.001, 150,000,000 shares authorized; 2,179,844 and 332,215 shares issued and outstanding at December 31, 2024 and June 30, 2024 [1] 2,180 332
Additional paid-in capital 90,496,390 69,476,805
Subscription receivable (3,522,170)
Subscribed common stock 6,728,291
Statutory reserve 4,350,297 4,350,297
Accumulated deficit (57,983,811) (54,336,629)
Accumulated other comprehensive loss (231,404) (218,163)
Total Stockholders’ equity of Shineco, Inc. 33,111,482 26,000,933
Non-controlling interest 9,383,788 10,576,762
TOTAL EQUITY 42,495,270 36,577,695
TOTAL LIABILITIES AND EQUITY 95,797,308 84,179,379
Related Party [Member]    
CURRENT ASSETS:    
Due from related parties 304,616 383,745
Operating lease right-of-use assets 40,615 80,746
CURRENT LIABILITIES:    
Due to related parties $ 2,303,421 $ 2,875,384
[1] Retrospectively restated for effect of the Reverse Stock Split on November 12, 2024.