XML 40 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2015
Jun. 30, 2014
Current assets    
Cash and cash equivalents $ 1,107,197us-gaap_CashAndCashEquivalentsAtCarryingValue $ 902,531us-gaap_CashAndCashEquivalentsAtCarryingValue
Advances to suppliers 686,568us-gaap_AdvancesOnInventoryPurchases 8,482us-gaap_AdvancesOnInventoryPurchases
Accounts receivable, net 2,028,149us-gaap_AccountsReceivableNetCurrent 481,885us-gaap_AccountsReceivableNetCurrent
Other receivables, less allowance for doubtful accounts of $241,572 and $250,100 as of March 31, 2015 and June 30, 2014, respectively 697,229us-gaap_OtherReceivablesNetCurrent 174,406us-gaap_OtherReceivablesNetCurrent
Prepaid expenses 622,827us-gaap_PrepaidExpenseCurrent 216,729us-gaap_PrepaidExpenseCurrent
Due from related parties 2,015,087us-gaap_DueFromRelatedParties 3,173,765us-gaap_DueFromRelatedParties
Total Current Assets 7,157,057us-gaap_AssetsCurrent 4,957,798us-gaap_AssetsCurrent
Property and equipment, net 288,069us-gaap_PropertyPlantAndEquipmentNet 294,722us-gaap_PropertyPlantAndEquipmentNet
Prepaid expenses - noncurrent 384,669us-gaap_PrepaidExpenseOtherNoncurrent 280,800us-gaap_PrepaidExpenseOtherNoncurrent
Other long-term assets 16,736us-gaap_OtherAssetsNoncurrent 16,734us-gaap_OtherAssetsNoncurrent
Deferred tax assets 255,200us-gaap_DeferredTaxAssetsNetNoncurrent 163,900us-gaap_DeferredTaxAssetsNetNoncurrent
Total Assets 8,101,731us-gaap_Assets 5,713,954us-gaap_Assets
Current liabilities    
Advances from customers 224,937us-gaap_CustomerAdvancesCurrent 88,477us-gaap_CustomerAdvancesCurrent
Accounts payable 223,561us-gaap_AccountsPayableCurrent 398,756us-gaap_AccountsPayableCurrent
Accrued expenses 32,236us-gaap_AccruedLiabilitiesCurrent 177,877us-gaap_AccruedLiabilitiesCurrent
Other current liabilities 713,644us-gaap_OtherLiabilitiesCurrent 565,685us-gaap_OtherLiabilitiesCurrent
Total Current Liabilities 1,194,378us-gaap_LiabilitiesCurrent 1,230,795us-gaap_LiabilitiesCurrent
Total Liabilities 1,194,378us-gaap_Liabilities 1,230,795us-gaap_Liabilities
Commitments and Contingency      
Equity    
Preferred stock, 2,000,000 shares authorized, no par value, none issued. 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, 50,000,000 shares authorized, no par value; 6,326,032 and 5,229,032 shares issued as of March 31, 2015 and June 30, 2014; 6,200,841 and 5,103,841 shares outstanding as of March 31, 2015 and June 30, 2014 13,385,477us-gaap_CommonStockValue 11,662,157us-gaap_CommonStockValue
Additional paid-in capital 1,144,842us-gaap_AdditionalPaidInCapital 1,144,842us-gaap_AdditionalPaidInCapital
Treasury stock, at cost - 125,191 shares (372,527)us-gaap_TreasuryStockValue (372,527)us-gaap_TreasuryStockValue
Accumulated deficit (2,450,396)us-gaap_RetainedEarningsAccumulatedDeficit (3,270,260)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income 93,424us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 24,618us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Unearned stock-based compensation (11,640)us-gaap_DeferredCompensationEquity (11,640)us-gaap_DeferredCompensationEquity
Total Sino-Global Shipping America Ltd. Stockholders' Equity 11,789,180us-gaap_StockholdersEquity 9,177,190us-gaap_StockholdersEquity
Non-Controlling Interest (4,881,827)us-gaap_MinorityInterest (4,694,031)us-gaap_MinorityInterest
Total Equity 6,907,353us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 4,483,159us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total Liabilities and Equity $ 8,101,731us-gaap_LiabilitiesAndStockholdersEquity $ 5,713,954us-gaap_LiabilitiesAndStockholdersEquity