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Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2018
Jun. 30, 2018
Current assets    
Cash $ 987,031 $ 7,098,259
Accounts receivable, less allowance for doubtful accounts of $2,635,206 and $1,682,228 as of September 30, 2018 and June 30, 2018, respectively 11,200,914 8,428,853
Other receivables, less allowance for doubtful accounts of $145,231 and $145,176 as of September 30, 2018 and June 30, 2018, respectively 47,274 69,239
Advances to suppliers-third parties 1,492,091 704,878
Advances to suppliers-related party 3,414,619
Prepaid expenses 453,858 588,439
Due from a related party 1,361,330 2,087,994
Total Current Assets 15,542,498 22,392,281
Property and equipment, net 908,298 956,429
Intangible assets, net 137,222 153,056
Prepaid expenses and other assets 1,862,359 1,878,258
Other long-term assets - deposits 3,053,182 143,303
Deferred tax assets, net 829,000 634,500
Total Assets 22,332,559 26,157,827
Current Liabilities    
Advances from customers 170,239 415,385
Accounts payable 470,720 3,225,661
Taxes payable 2,658,947 2,700,619
Accrued expenses and other current liabilities 429,864 280,888
Total current liabilities 3,729,770 6,622,553
Total liabilities 3,729,770 6,622,553
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; 13,751,032 and 13,271,032 shares issued as of September 30, 2018 and June 30, 2018, respectively; 13,575,535 and 13,095,535 outstanding as of September 30, 2018 and June 30, 2018, respectively 24,253,830 23,717,330
Additional paid-in capital 2,036,281 1,755,573
Treasury stock, at cost,175,497 shares as of September 30, 2018 and June 30, 2018 (417,538) (417,538)
Accumulated deficit (1,751,618) (434,856)
Accumulated other comprehensive loss (812,063) (272,407)
Total Sino-Global Shipping America Ltd. Stockholders' Equity 23,308,892 24,348,102
Non-controlling Interest (4,706,103) (4,812,828)
Total Equity 18,602,789 19,535,274
Total Liabilities and Equity $ 22,332,559 $ 26,157,827