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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2011
Jun. 30, 2011
Current assets  
Cash and cash equivalents$ 4,489,198$ 4,878,828
Advances to suppliers658,210338,307
Accounts receivable, less allowance for doubtful accounts of $290,145 and $194,955 as of September 30, 2011 and June 30, 20111,857,2921,847,990
Other receivables, less allowance for doubtful accounts of $80,000 as of September 30, 2011 and June 30, 2011401,061417,853
Prepaid expenses and other current assets61,98086,453
Prepaid taxes285,117286,492
Employee loans receivable9,54610,662
Income tax receivable1,8851,885
Deferred tax assets164,000117,000
Total current assets7,928,2897,985,470
Property and equipment, net537,993587,024
Security deposits47,61131,026
Employee loans receivable less current portion10,38311,896
Deferred tax assets255,000252,000
Equity investment 186,514
Total Assets8,779,2769,053,930
Current liabilities  
Advances from customers703,388710,891
Accounts payable3,530,1432,913,553
Accrued expenses56,27681,146
Income tax payable19,555 
Other current liabilities103,888173,249
Total Current Liabilities4,413,2503,878,839
Total Liabilities4,413,2503,878,839
Commitments and Contingencies  
Equity  
Preferred stock, 1,000,000 shares authorized, no par value; none issued  
Common stock, 10,000,000 shares authorized, no par value; 3,029,032 shares issued and 2,903,841 outstanding7,709,7457,709,745
Additional paid-in capital1,191,7961,191,796
Treasury stock, at cost(372,527)(372,527)
Accumulated deficit(1,954,570)(1,288,783)
Accumulated other comprehensive loss24,626(9,023)
Unearned Compensation(397,558)(397,558)
Total Sino-Global Shipping America Ltd. equity6,201,5126,833,650
Non-Controlling interest(1,835,486)(1,658,559)
Total equity4,366,0265,175,091
Total Liabilities and Equity$ 8,779,276$ 9,053,930