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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Jun. 30, 2016
CURRENT ASSETS:    
Cash $ 28,669,501 $ 22,009,374
Accounts receivable, net - third parties 5,818,230 4,464,098
- unconsolidated entity 1,323,794 1,088,144
Due from related parties 1,253,670 1,671,435
Inventories 4,041,813 4,608,179
Advances to suppliers, net 436,399 53,024
Loans to third parties, net 649,093 560,234
Other receivables, net 575,650 463,361
Short-term deposit 114,720 100,270
Prepaid leases - current, net 476,708 478,565
Prepaid expenses 13,118 33,117
TOTAL CURRENT ASSETS 43,372,696 35,529,801
Property and equipment at cost, net of accumulated depreciation and amortization 10,867,205 11,035,199
Land use right, net of accumulated amortization 1,394,961 1,408,765
Investments 4,909,452 4,766,847
Long-term deposit and other noncurrent assets 118,588 120,357
Prepaid leases-non current, net 3,726,008 3,860,327
Deferred tax assets 330,103 327,492
TOTAL ASSETS 64,719,013 57,048,788
CURRENT LIABILITIES:    
Short-term loans-banks 2,730,043 2,745,945
Accounts payable 304,642 259,803
Advances from customers 40,726 9,597
Due to related parties 341,329 244,915
Other payables and accrued expenses 2,135,695 1,999,622
Taxes payable 1,235,047 1,278,142
TOTAL LIABILITIES 6,787,482 6,538,024
Commitments and contingencies
EQUITY:    
Common stock; par value $0.001, 100,000,000 shares authorized;21,034,072 and 19,320,882 shares issued and outstanding at September 30, 2016 and June 30, 2016 21,034 19,321
Additional paid-in capital 23,581,146 17,344,466
Statutory reserve 3,317,188 3,242,139
Retained earnings 32,111,057 30,837,399
Accumulated other comprehensive loss (2,080,888) (1,887,929)
Total Stockholders' equity of Shineco, Inc. 56,949,537 49,555,396
Non-controlling interest 981,994 955,368
TOTAL EQUITY 57,931,531 50,510,764
TOTAL LIABILITIES AND EQUITY $ 64,719,013 $ 57,048,788