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Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Jun. 30, 2017
Current assets    
Cash and cash equivalents $ 7,098,259 $ 8,733,742
Accounts receivable, less allowance for doubtful accounts of $1,682,228 and $185,821 as of June 30, 2018 and 2017, respectively 8,428,853 2,569,141
Other receivables, less allowance for doubtful accounts of $145,176 and $145,244 as of June 30, 2018 and 2017, respectively 69,239 37,811
Advances to suppliers-third parties 2,144,985 54,890
Advances to suppliers-related party 3,414,619 3,333,038
Prepaid expense and other current assets 588,439 311,136
Due from related party 2,087,994 1,715,130
Total Current Assets 23,832,388 16,754,888
Property and equipment, net 956,429 187,373
Intangible assets, net 153,056
Prepaid expenses 438,151 6,882
Other long-term assets - deposits 143,303 117,478
Deferred tax assets, net 634,500 749,400
Total Assets 26,157,827 17,816,021
Current Liabilities    
Advances from customers 415,385 369,717
Accounts payable 3,225,661 206,211
Taxes payable 2,700,619 1,886,216
Due to related parties 206,323
Accrued expenses and other current liabilities 280,888 418,029
Total Current Liabilities 6,622,553 3,086,496
Total Liabilities 6,622,553 3,086,496
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; 13,271,032 and 10,281,032 shares issued as of June 30, 2018 and 2017, respectively; 13,095,535 and 10,105,535 outstanding as of June 30, 2018 and 2017, respectively 23,717,330 20,535,379
Additional paid-in capital 1,755,573 688,934
Treasury stock, at cost, 175,497 shares as of June 30, 2018 and 2017 (417,538) (417,538)
Accumulated deficit (434,856) (893,907)
Accumulated other comprehensive loss (272,407) (414,564)
Total Sino-Global Shipping America Ltd. Stockholders' Equity 24,348,102 19,498,304
Non-controlling Interest (4,812,828) (4,768,779)
Total Equity 19,535,274 14,729,525
Total Liabilities and Equity $ 26,157,827 $ 17,816,021