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Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Jun. 30, 2020
Current assets    
Cash $ 44,837,317 $ 131,182
Cryptocurrencies 261,338
Accounts receivable, net 113,242 1,155,948
Other receivables, net 2,558 51,034
Advances to suppliers - third parties 880,000 48,875
Prepaid expenses and other current assets 341,992 90,382
Due from related party, net 430,902 435,898
Total Current Assets 46,867,349 1,913,319
Property and equipment, net 757,257 523,290
Right-of-use assets 417,570 300,114
Intangible assets, net 26,389
Other long-term assets - deposits 115,971 2,974,990
Loan receivable related parties 4,644,969
Total Assets 52,803,116 5,738,102
Current Liabilities    
Deferred revenue 471,516 67,083
Accounts payable 574,857 487,692
Lease liabilities - current 192,044 204,391
Taxes payable 3,572,419 3,280,348
Accrued expenses and other current liabilities 529,777 1,643,319
Loan payable - current 3,035 126,032
Total current liabilities 5,343,648 5,808,865
Lease liabilities - noncurrent 237,956 132,699
Loan payable - noncurrent 152,370 154,438
Total liabilities 5,733,974 6,096,002
Commitments and Contingencies
Equity (Deficiency)    
Preferred stock, 2,000,000 shares authorized, no par value, no shares issued and outstanding as of June 30, 2021 and June 30, 2020, respectively
Common stock, 50,000,000 shares authorized, no par value; 15,132,113 and 3,718,788 shares issued and outstanding as of June 30, 2021 and 2020, respectively* [1] 82,555,700 28,414,992
Additional paid-in capital 2,334,962 2,334,962
Subscription receivable (59,869)
Accumulated deficit (30,244,937) (23,421,594)
Accumulated other comprehensive loss (625,449) (1,084,030)
Total Sino-Global Shipping America Ltd. Stockholders’ Equity 54,020,276 6,184,461
Non-controlling Interest (6,951,134) (6,542,361)
Total Equity (Deficiency) 47,069,142 (357,900)
Total Liabilities and Equity (Deficiency) $ 52,803,116 $ 5,738,102
[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.