XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Net revenues $ 2,526,762us-gaap_Revenues $ 2,092,525us-gaap_Revenues $ 8,225,267us-gaap_Revenues $ 7,882,374us-gaap_Revenues
Cost of revenues (1,220,577)us-gaap_CostOfRevenue (948,514)us-gaap_CostOfRevenue (4,304,591)us-gaap_CostOfRevenue (5,077,085)us-gaap_CostOfRevenue
Gross profit 1,306,185us-gaap_GrossProfit 1,144,011us-gaap_GrossProfit 3,920,676us-gaap_GrossProfit 2,805,289us-gaap_GrossProfit
General and administrative expenses (1,069,623)us-gaap_GeneralAndAdministrativeExpense (996,355)us-gaap_GeneralAndAdministrativeExpense (3,326,769)us-gaap_GeneralAndAdministrativeExpense (2,492,197)us-gaap_GeneralAndAdministrativeExpense
Selling expenses (156)us-gaap_SellingExpense (77,346)us-gaap_SellingExpense (66,877)us-gaap_SellingExpense (205,871)us-gaap_SellingExpense
Costs and expenses (1,069,779)us-gaap_CostsAndExpenses (1,073,701)us-gaap_CostsAndExpenses (3,393,646)us-gaap_CostsAndExpenses (2,698,068)us-gaap_CostsAndExpenses
Operating income 236,406us-gaap_OperatingIncomeLoss 70,310us-gaap_OperatingIncomeLoss 527,030us-gaap_OperatingIncomeLoss 107,221us-gaap_OperatingIncomeLoss
Financial (expense) income, net 61,442us-gaap_InvestmentIncomeInvestmentExpense (91,896)us-gaap_InvestmentIncomeInvestmentExpense (59,892)us-gaap_InvestmentIncomeInvestmentExpense (52,174)us-gaap_InvestmentIncomeInvestmentExpense
Other income, net (2)us-gaap_OtherOperatingIncome 106,799us-gaap_OtherOperatingIncome 20,486us-gaap_OtherOperatingIncome 137,171us-gaap_OtherOperatingIncome
Net income before provision for income taxes 297,846us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 85,213us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 487,624us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 192,218us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax benefit 34,067us-gaap_IncomeTaxExpenseBenefit 1,186us-gaap_IncomeTaxExpenseBenefit 85,530us-gaap_IncomeTaxExpenseBenefit 5,919us-gaap_IncomeTaxExpenseBenefit
Net income 331,913us-gaap_ProfitLoss 86,399us-gaap_ProfitLoss 573,154us-gaap_ProfitLoss 198,137us-gaap_ProfitLoss
Net loss attributable to non-controlling interest (19,070)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (239,722)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (246,710)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (902,499)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Sino-Global Shipping America, Ltd. 350,983us-gaap_NetIncomeLoss 326,121us-gaap_NetIncomeLoss 819,864us-gaap_NetIncomeLoss 1,100,636us-gaap_NetIncomeLoss
Comprehensive income        
Net income 331,913us-gaap_ProfitLoss 86,399us-gaap_ProfitLoss 573,154us-gaap_ProfitLoss 198,137us-gaap_ProfitLoss
Foreign currency translation gain 132,042us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent 60,145us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent 127,721us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent 19,751us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
Comprehensive income 463,955us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 146,544us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 700,875us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 217,888us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
Less: Comprehensive loss attributable to non-controlling interest (187,796)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest (157,265)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest (187,796)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest (867,858)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
Comprehensive income attributable to Sino-Global Shipping America Ltd. $ 651,751us-gaap_ComprehensiveIncomeNetOfTax $ 303,809us-gaap_ComprehensiveIncomeNetOfTax $ 888,671us-gaap_ComprehensiveIncomeNetOfTax $ 1,085,746us-gaap_ComprehensiveIncomeNetOfTax
Earnings per share        
-Basic and diluted $ 0.05us-gaap_EarningsPerShareBasicAndDiluted $ 0.07us-gaap_EarningsPerShareBasicAndDiluted $ 0.13us-gaap_EarningsPerShareBasicAndDiluted $ 0.23us-gaap_EarningsPerShareBasicAndDiluted
Weighted average number of common shares used in computation        
-Basic and diluted 6,200,841us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 4,703,841us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 6,102,859us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 4,703,841us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted