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Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Jun. 30, 2016
Current assets    
Cash and cash equivalents $ 8,733,742 $ 1,385,994
Accounts receivable, less allowance for doubtful accounts of $185,821 and $207,028 as of June 30, 2017 and 2016, respectively 2,569,141 2,333,024
Other receivables, less allowance for doubtful accounts of $145,244 and $145,186 as of June 30, 2017 and 2016, respectively 37,811 290,907
Advances to suppliers-third parties 54,890 2,192,910
Advances to suppliers-related party 3,333,038
Prepaid expenses and other current assets 311,136 826,631
Due from related parties 1,715,130 1,622,519
Total Current Assets 16,754,888 8,651,985
Property and equipment, net 187,373 176,367
Prepaid expenses 6,882 178,982
Other long-term assets 117,478 46,810
Deferred tax assets 749,400
Total Assets 17,816,021 9,054,144
Current Liabilities    
Advances from customers 369,717 24,373
Accounts payable 206,211 489,490
Taxes payable 1,886,216 1,637,197
Due to related parties 206,323
Accrued expenses and other current liabilities 418,029 286,322
Total Current Liabilities 3,086,496 2,437,382
Total Liabilities 3,086,496 2,437,382
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; 10,281,032 and 8,456,032 shares issued as of June 30, 2017 and 2016; 10,105,535 and 8,280,535 outstanding as of June 30, 2017 and 2016, respectively 20,535,379 15,500,391
Additional paid-in capital 688,934 1,140,962
Treasury stock, at cost, 175,497 shares as of June 30, 2017 and 2016 (417,538) (417,538)
Accumulated deficit (893,907) (4,518,799)
Accumulated other comprehensive loss (414,564) (280,907)
Total Sino-Global Shipping America Ltd. Stockholders' Equity 19,498,304 11,424,109
Non-controlling Interest (4,768,779) (4,807,347)
Total Equity 14,729,525 6,616,762
Total Liabilities and Equity $ 17,816,021 $ 9,054,144