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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Jun. 30, 2017
CURRENT ASSETS:    
Cash $ 27,728,940 $ 23,154,551
Accounts receivable, net 13,152,878 14,480,004
Due from related parties 454,765 448,833
Inventories 2,287,546 2,346,273
Advances to suppliers, net 2,765,611 2,396,123
Loans to third parties, net 0 830,090
Other receivables, net 561,838 535,700
Short-term deposit 167,867 158,894
Prepaid expenses 250,730 375,459
TOTAL CURRENT ASSETS 47,370,175 44,725,927
Property and equipment at cost, net of accumulated depreciation and amortization 10,380,424 10,320,396
Land use right, net of accumulated amortization 1,363,063 1,346,631
Investments 5,945,030 5,695,080
Deposit for business acquisition 2,103,710 2,065,686
Long-term deposit and other noncurrent assets 113,650 112,883
Prepaid leases 3,735,559 3,784,533
Deferred tax assets 264,677 233,834
TOTAL ASSETS 71,276,288 68,284,970
CURRENT LIABILITIES:    
Short-term loans 2,253,975 2,663,628
Accounts payable 146,027 158,068
Advances from customers 657,701 5,439
Due to related parties 305,191 257,880
Other payables and accrued expenses 263,596 337,107
Taxes payable 1,667,745 1,608,926
TOTAL LIABILITIES 5,294,235 5,031,048
Commitments and contingencies
EQUITY:    
Common stock; par value $0.001, 100,000,000 shares authorized; 21,034,072 and 21,034,072 shares issued and outstanding at September 30, 2017 and June 30, 2017 21,034 21,034
Additional paid-in capital 22,737,302 22,737,302
Statutory reserve 3,570,859 3,484,449
Retained earnings 40,234,223 39,064,743
Accumulated other comprehensive loss (1,691,594) (3,140,982)
Total Stockholders' equity of Shineco, Inc. 64,871,824 62,166,546
Non-controlling interest 1,110,229 1,087,376
TOTAL EQUITY 65,982,053 63,253,922
TOTAL LIABILITIES AND EQUITY $ 71,276,288 $ 68,284,970