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Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Jun. 30, 2019
Current assets    
Cash $ 131,182 $ 3,142,650
Notes receivable 383,792
Accounts receivable, net 1,155,948 7,045,846
Other receivables, net 51,034 4,335,715
Advances to suppliers - third parties 48,875 124,140
Prepaid expenses and other current assets 90,382 105,054
Due from related party, net 435,898 807,965
Total Current Assets 1,913,319 15,945,162
Property and equipment, net 523,290 989,910
Right-of-use assets 300,114
Intangible assets, net 26,389 89,722
Prepaid expenses 519,503
Other long-term assets - deposits 2,974,990 3,054,706
Total Assets 5,738,102 20,599,003
Current Liabilities    
Deferred revenue 67,083 68,590
Accounts payable 487,692 567,619
Lease liabilities - current 204,391  
Taxes payable 3,280,348 3,184,895
Accrued expenses and other current liabilities 1,643,319 1,418,129
Loan payable - current 126,032  
Total current liabilities 5,808,865 5,239,233
Lease liabilities - noncurrent 132,699  
Loans payable - noncurrent 154,438  
Total liabilities 6,096,002 5,239,233
Commitments and Contingencies
Equity (Deficiency)    
Preferred stock, 2,000,000 shares authorized, no par value, none issued
Common stock, 50,000,000 shares authorized, no par value; 3,718,788 and 3,210,907 shares issued as of June 30, 2020 and 2019, respectively; 3,718,788 and 3,175,807 shares outstanding as of June 30, 2020 and 2019, respectively* 28,414,992 26,523,830
Additional paid-in capital 2,334,962 2,066,906
Subscription receivable (59,869)  
Treasury stock, at cost, 0 and 35,099 shares as of June 30, 2020 and 209* [1] (417,538)
Accumulated deficit (23,421,594) (6,968,700)
Accumulated other comprehensive loss (1,084,030) (671,106)
Total Sino-Global Shipping America Ltd. Stockholders' Equity 6,184,461 20,533,392
Non-controlling Interest (6,542,361) (5,173,622)
Total Equity (Deficiency) (357,900) 15,359,770
Total Liabilities and Equity (Deficiency) $ 5,738,102 $ 20,599,003
[1] Shares and per share data are presented on a retroactive basis to reflect the 1-for-5 reverse stock split on July 7, 2020.