2022 Q4 Form 10-Q Financial Statement

#000149315222032163 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $629.8K
YoY Change -37.52%
Cost Of Revenue $659.1K $626.6K $866.3K
YoY Change -25.58% -27.67% 16.7%
Gross Profit -$119.9K -$90.88K -$236.6K
YoY Change -21.71% -61.58% -189.05%
Gross Profit Margin -37.56%
Selling, General & Admin $2.323M $1.900M $8.582M
YoY Change 19.56% -77.87% 497.65%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $134.7K $32.00K $129.0K
YoY Change -77.97% -75.2% -36.99%
% of Gross Profit
Operating Expenses $2.323M $1.900M $8.582M
YoY Change 19.56% -77.87% 497.65%
Operating Profit -$2.443M -$1.990M -$8.819M
YoY Change 16.55% -77.43% 653.52%
Interest Expense -$142.2K -$312.2K -$198.1K
YoY Change -189.87% 57.6% -4783.69%
% of Operating Profit
Other Income/Expense, Net -$329.8K -$451.9K -$458.0K
YoY Change -16.48% -1.33% -16516.13%
Pretax Income -$2.773M -$2.442M -$11.11M
YoY Change -4.09% -78.01% 854.88%
Income Tax
% Of Pretax Income
Net Earnings -$2.770M -$2.440M -$14.24M
YoY Change -3.75% -82.87% 1246.4%
Net Earnings / Revenue -2260.91%
Basic Earnings Per Share -$0.16 -$0.17 -$1.71
Diluted Earnings Per Share -$0.16 -$166.5K -$1.712M
COMMON SHARES
Basic Shares Outstanding 16.40M shares 16.40M shares 8.315M shares
Diluted Shares Outstanding 1.785M shares 14.65M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.44M $24.24M $18.23M
YoY Change -1.07% 32.96% -21.18%
Cash & Equivalents $16.40M $24.20M $18.23M
Short-Term Investments
Other Short-Term Assets $1.534M $3.256M $18.35M
YoY Change -92.16% -82.25% -22.94%
Inventory $18.18M $18.06M $20.36M
Prepaid Expenses $15.12K $14.90K
Receivables $2.191M $1.961M $2.351M
Other Receivables $2.170M $2.205M $240.8K
Total Short-Term Assets $56.28M $53.79M $59.52M
YoY Change -15.55% -9.64% -5.76%
LONG-TERM ASSETS
Property, Plant & Equipment $1.169M $1.265M $8.087M
YoY Change -84.29% -84.35% -37.38%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments $700.0K $750.0K $637.4K
YoY Change 6.19% 17.67% -86.46%
Other Assets $7.190K $7.970K $13.37K
YoY Change -41.92% -40.39% -86.49%
Total Long-Term Assets $2.780M $3.634M $8.738M
YoY Change -65.73% -58.41% -56.4%
TOTAL ASSETS
Total Short-Term Assets $56.28M $53.79M $59.52M
Total Long-Term Assets $2.780M $3.634M $8.738M
Total Assets $59.06M $57.42M $68.26M
YoY Change -20.99% -15.88% -17.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.502K $1.457K $14.64K
YoY Change -7.85% -90.05% -90.83%
Accrued Expenses $232.7K $586.6K $1.084M
YoY Change -78.96% -45.89% 1066.61%
Deferred Revenue
YoY Change
Short-Term Debt $14.72M $14.28M $16.35M
YoY Change -0.78% -12.65% 574.04%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.62M $20.37M $29.01M
YoY Change -32.11% -29.78% 109.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.008M $1.320M $2.318M
YoY Change -55.21% -43.05% 133.96%
Total Long-Term Liabilities $1.008M $1.320M $2.318M
YoY Change -55.21% -43.05% 133.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.62M $20.37M $29.01M
Total Long-Term Liabilities $1.008M $1.320M $2.318M
Total Liabilities $21.63M $21.69M $31.23M
YoY Change -33.48% -30.54% 91.39%
SHAREHOLDERS EQUITY
Retained Earnings -$23.58M -$20.81M
YoY Change
Common Stock $19.66K $16.40K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.82M $36.11M $37.03M
YoY Change
Total Liabilities & Shareholders Equity $59.06M $57.42M $68.26M
YoY Change -20.99% -15.88% -17.96%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$2.770M -$2.440M -$14.24M
YoY Change -3.75% -82.87% 1246.4%
Depreciation, Depletion And Amortization $134.7K $32.00K $129.0K
YoY Change -77.97% -75.2% -36.99%
Cash From Operating Activities $322.2K -$2.109M -$5.265M
YoY Change -193.18% -59.94% -42.15%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$196.7K
YoY Change -100.0%
Acquisitions $112.1K
YoY Change
Other Investing Activities -$8.678M $11.08M -$25.76M
YoY Change 35.93% -143.03% 1996.47%
Cash From Investing Activities -$8.678M $11.08M -$25.95M
YoY Change 33.59% -142.7% 2012.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 158.9K $921.0K 20.44M
YoY Change -96.69% -95.49% -178900.44%
NET CHANGE
Cash From Operating Activities 322.2K -$2.109M -5.265M
Cash From Investing Activities -8.678M $11.08M -25.95M
Cash From Financing Activities 158.9K $921.0K 20.44M
Net Change In Cash -8.196M $9.073M -10.78M
YoY Change 301.21% -184.15% 4.28%
FREE CASH FLOW
Cash From Operating Activities $322.2K -$2.109M -$5.265M
Capital Expenditures $0.00 -$196.7K
Free Cash Flow $322.2K -$2.109M -$5.068M
YoY Change -237.79% -58.38% -44.31%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q3 dei Entity Central Index Key
EntityCentralIndexKey
0001300734
CY2022Q3 dei Amendment Flag
AmendmentFlag
false
CY2022Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2022Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q3 SISI Business And Sales Related Tax
BusinessAndSalesRelatedTax
usd
CY2022Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
usd
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
usd
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
usd
CY2022Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
usd
CY2021Q3 SISI Restricted Shares Issued For Management
RestrictedSharesIssuedForManagement
usd
CY2021Q3 SISI Accrued Interest Expense For Related Parties
AccruedInterestExpenseForRelatedParties
usd
CY2021Q3 SISI Accrued Interest Income Due From Related Parties
AccruedInterestIncomeDueFromRelatedParties
usd
CY2021Q3 SISI Accrued Interest Income Due From Third Parties
AccruedInterestIncomeDueFromThirdParties
usd
CY2022Q3 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
usd
CY2022Q3 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
usd
CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
usd
CY2021Q3 SISI Repayments Of Loans To Third Parties
RepaymentsOfLoansToThirdParties
usd
CY2021Q3 SISI Repayments Of Loans From Related Parties
RepaymentsOfLoansFromRelatedParties
usd
CY2022Q3 SISI Investment In Unconsolidated Entity
InvestmentInUnconsolidatedEntity
usd
CY2022Q3 SISI Acquisition Of Vie Guangyuan Net Of Cash
AcquisitionOfVieGuangyuanNetOfCash
usd
CY2022Q3 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
usd
CY2022Q3 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
usd
CY2021Q3 SISI Issuance Of Common Shares For Proceeds Received In Prior Year
IssuanceOfCommonSharesForProceedsReceivedInPriorYear
usd
CY2022Q3 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
usd
CY2021Q3 SISI Repayments Of Loans To Third Parties Offset By Other Payables
RepaymentsOfLoansToThirdPartiesOffsetByOtherPayables
usd
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
usd
CY2022Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
CY2022Q3 SISI Cessation Of Subsidiaries And Disposal Of Variable Interest Entities
CessationOfSubsidiariesAndDisposalOfVariableInterestEntities
usd
CY2022Q3 SISI Advances On Inventory Purchases Including Discontnuing Operaton
AdvancesOnInventoryPurchasesIncludingDiscontnuingOperaton
usd
CY2022Q3 SISI Advances To Suppliers Ceasation Of Subisiaries And Disposal Of Vie
AdvancesToSuppliersCeasationOfSubisiariesAndDisposalOfVIE
usd
CY2022Q3 SISI Advances To Third Parties Ceasation Of Subisiaries And Disposal Of Vie
AdvancesToThirdPartiesCeasationOfSubisiariesAndDisposalOfVIE
usd
CY2022Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
usd
CY2021Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
usd
CY2022Q3 us-gaap Revenues
Revenues
usd
CY2021Q3 us-gaap Revenues
Revenues
usd
CY2021Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
usd
CY2022Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2022Q3 dei Document Type
DocumentType
10-Q
CY2022Q3 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q3 dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
CY2022Q3 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q3 dei Entity File Number
EntityFileNumber
001-37776
CY2022Q3 dei Entity Registrant Name
EntityRegistrantName
SHINECO, INC.
CY2022Q3 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q3 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
52-2175898
CY2022Q3 dei Entity Address Address Line1
EntityAddressAddressLine1
Room 3310, North Tower, Zhengda Center
CY2022Q3 dei Entity Address Address Line2
EntityAddressAddressLine2
No. 20, Jinhe East Road, Chaoyang District
CY2022Q3 dei Entity Address City Or Town
EntityAddressCityOrTown
Beijing
CY2022Q3 dei Entity Address Country
EntityAddressCountry
CN
CY2022Q3 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
100020
CY2022Q3 dei City Area Code
CityAreaCode
+86
CY2022Q3 dei Local Phone Number
LocalPhoneNumber
10-87227366
CY2022Q3 dei Security12b Title
Security12bTitle
Common Stock, par value $0.001 per share
CY2022Q3 dei Trading Symbol
TradingSymbol
SISI
CY2022Q3 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2022Q3 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q3 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q3 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022Q3 dei Entity Small Business
EntitySmallBusiness
true
CY2022Q3 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q3 dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
16397356 shares
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24238173 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
59735425 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15165231 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1961372 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1821554 usd
CY2022Q3 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
6274484 usd
CY2022Q2 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
6794987 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
18056220 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
18718524 usd
CY2022Q2 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
3551 usd
CY2022Q3 us-gaap Other Assets Current
OtherAssetsCurrent
3255748 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
17231578 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
53785997 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1265393 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1375472 usd
CY2022Q3 us-gaap Long Term Investments
LongTermInvestments
611142 usd
CY2022Q2 us-gaap Long Term Investments
LongTermInvestments
617446 usd
CY2022Q3 SISI Long Term Deposits And Other Noncurrent Assets
LongTermDepositsAndOtherNoncurrentAssets
7972 usd
CY2022Q2 SISI Long Term Deposits And Other Noncurrent Assets
LongTermDepositsAndOtherNoncurrentAssets
9525 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1749663 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2088149 usd
CY2022Q3 us-gaap Assets
Assets
57420167 usd
CY2022Q2 us-gaap Assets
Assets
63826017 usd
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
1457 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1547 usd
CY2022Q3 SISI Advances From Customers
AdvancesFromCustomers
6286 usd
CY2022Q2 SISI Advances From Customers
AdvancesFromCustomers
6676 usd
CY2022Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
2480548 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
2798800 usd
CY2022Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2444050 usd
CY2022Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
10272194 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
586553 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
959909 usd
CY2022Q3 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
14283239 usd
CY2022Q2 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
14416956 usd
CY2022Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
569135 usd
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
584220 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
20371268 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
29040302 usd
CY2022Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
446860 usd
CY2022Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
446860 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
873173 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1025967 usd
CY2022Q3 us-gaap Liabilities
Liabilities
21691301 usd
CY2022Q2 us-gaap Liabilities
Liabilities
30513129 usd
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q3 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
3782340 usd
CY2022Q2 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
3024000 usd
CY2022Q3 SISI Statutory Reserve
StatutoryReserve
4198107 usd
CY2022Q2 SISI Statutory Reserve
StatutoryReserve
4198107 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-20811745 usd
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
16397356 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
16397356 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10983863 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10983863 shares
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
16397 usd
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
10984 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
60891487 usd
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
52998924 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-18372023 usd
CY2022Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4405440 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2100756 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
36106466 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
33711236 usd
CY2022Q3 us-gaap Minority Interest
MinorityInterest
-377600 usd
CY2022Q2 us-gaap Minority Interest
MinorityInterest
-398348 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35728866 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
33312888 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
57420167 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
63826017 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
535698 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
629758 usd
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
384821 usd
CY2021Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
865061 usd
CY2022Q3 SISI Stock Written Off
StockWrittenOff
241754 usd
CY2021Q3 SISI Stock Written Off
StockWrittenOff
492987 usd
CY2021Q3 SISI Business And Sales Related Tax
BusinessAndSalesRelatedTax
1255 usd
CY2022Q3 us-gaap Cost Of Revenue
CostOfRevenue
626575 usd
CY2021Q3 us-gaap Cost Of Revenue
CostOfRevenue
1359303 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
-90877 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
-729545 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1886443 usd
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8573656 usd
CY2022Q3 us-gaap Selling Expense
SellingExpense
13101 usd
CY2021Q3 us-gaap Selling Expense
SellingExpense
8342 usd
CY2021Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1140551 usd
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
1899544 usd
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
9722549 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1990421 usd
CY2021Q3 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
1072667 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-14243458 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
570 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
36648903 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
33312888 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6000000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
527636 usd
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
612000 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-10452094 usd
CY2022Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
-6304 usd
CY2021Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
-27920 usd
CY2022Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
14735 usd
CY2021Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
970 usd
CY2022Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
154403 usd
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
458978 usd
CY2022Q3 SISI Interest Income Expense Net Excluding Amortization Of Financing Costs
InterestIncomeExpenseNetExcludingAmortizationOfFinancingCosts
-305927 usd
CY2021Q3 SISI Interest Income Expense Net Excluding Amortization Of Financing Costs
InterestIncomeExpenseNetExcludingAmortizationOfFinancingCosts
-170199 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-451899 usd
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-656127 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2442320 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11108221 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-2442320 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-11108221 usd
CY2021Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-3135237 usd
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-3135237 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-2442320 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-14243458 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2598 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5126 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-2439722 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-14238332 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-2442320 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-14243458 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
2281338 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-570 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-4723658 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-14242888 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
20748 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
16079 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4744406 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-14258967 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14649132 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
8314996 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.71
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.17
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.33
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.38
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.71
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
45378206 usd
CY2021Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2375000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
3850000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
361252 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-2442320 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-2281338 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35728866 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-2442320 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-14243458 usd
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-3135237 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-2442320 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-11108221 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32002 usd
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
129027 usd
CY2022Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-577022 usd
CY2021Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7354134 usd
CY2022Q3 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
-3140 usd
CY2021Q3 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
134104 usd
CY2022Q3 SISI Stock Written Off Due To Natural Disaster
StockWrittenOffDueToNaturalDisaster
241754 usd
CY2021Q3 SISI Stock Written Off Due To Natural Disaster
StockWrittenOffDueToNaturalDisaster
492987 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-6304 usd
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-27920 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
225070 usd
CY2021Q3 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
258416 usd
CY2021Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
1140551 usd
CY2022Q3 SISI Restricted Shares Issued For Management
RestrictedSharesIssuedForManagement
612000 usd
CY2022Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
154403 usd
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
458978 usd
CY2022Q3 SISI Accrued Interest Expense For Convertible Notes
AccruedInterestExpenseForConvertibleNotes
239517 usd
CY2021Q3 SISI Accrued Interest Expense For Convertible Notes
AccruedInterestExpenseForConvertibleNotes
171584 usd
CY2022Q3 SISI Accrued Interest Expense For Related Parties
AccruedInterestExpenseForRelatedParties
4802 usd
CY2022Q3 SISI Accrued Interest Income Due From Related Parties
AccruedInterestIncomeDueFromRelatedParties
90356 usd
CY2022Q3 SISI Accrued Interest Income Due From Third Parties
AccruedInterestIncomeDueFromThirdParties
119978 usd
CY2022Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
583663 usd
CY2021Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
625735 usd
CY2022Q3 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
-886328 usd
CY2021Q3 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
-515218 usd
CY2022Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
685576 usd
CY2021Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
203336 usd
CY2022Q3 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
101721 usd
CY2021Q3 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
3206324 usd
CY2021Q3 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-61818 usd
CY2021Q3 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-51 usd
CY2022Q3 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
517024 usd
CY2021Q3 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-521064 usd
CY2022Q3 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-426262 usd
CY2021Q3 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-210376 usd
CY2022Q3 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1689 usd
CY2021Q3 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-10775 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2109145 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5264781 usd
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
196693 usd
CY2022Q3 SISI Payments For Loans To Related Party
PaymentsForLoansToRelatedParty
51128 usd
CY2021Q3 SISI Payments For Loans To Related Party
PaymentsForLoansToRelatedParty
12700008 usd
CY2022Q3 SISI Repayments Of Loans To Third Parties
RepaymentsOfLoansToThirdParties
-10915129 usd
CY2022Q3 SISI Repayments Of Loans From Related Parties
RepaymentsOfLoansFromRelatedParties
-219119 usd
CY2021Q3 SISI Investment In Unconsolidated Entity
InvestmentInUnconsolidatedEntity
500000 usd
CY2021Q3 SISI Acquisition Of Vie Guangyuan Net Of Cash
AcquisitionOfVieGuangyuanNetOfCash
112070 usd
CY2021Q3 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
12669913 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
11083120 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25954544 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1000000 usd
CY2021Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2375000 usd
CY2022Q3 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-78953 usd
CY2021Q3 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
1061888 usd
CY2021Q3 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
17000000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
921047 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
20436888 usd
CY2022Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-822080 usd
CY2021Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-11884 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9072942 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10794321 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15165231 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
29024394 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
24238173 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18230073 usd
CY2022Q3 us-gaap Stock Issued1
StockIssued1
527636 usd
CY2021Q3 us-gaap Stock Issued1
StockIssued1
3850000 usd
CY2022Q3 SISI Issuance Of Common Shares For Proceeds Received In Prior Year
IssuanceOfCommonSharesForProceedsReceivedInPriorYear
5000000 usd
CY2021Q3 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1267817 usd
CY2022Q3 SISI Repayments Of Loans To Third Parties Offset By Other Payables
RepaymentsOfLoansToThirdPartiesOffsetByOtherPayables
3164491 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-2442320 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-14243458 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2109145 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5264781 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24200000 usd
CY2022Q3 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_842_eus-gaap--UseOfEstimates_zKB5S5IGKbc5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><i><span id="xdx_861_zID6WQah4fj9">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements as well as the reported amounts of revenue and expenses during the reporting periods. Significant estimates required to be made by management include, but are not limited to, useful lives of property and equipment, </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and intangible assets, <span style="background-color: white">the recoverability of long-lived assets, and the valuation of accounts receivable, advances to suppliers, deferred taxes, and inventory reserves. Actual results could differ from those estimates.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p>
CY2022Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7205783 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7317236 usd
CY2022Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1173594 usd
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1249543 usd
CY2022Q3 SISI Allowance For Uncollectible Advances To Suppliers
AllowanceForUncollectibleAdvancesToSuppliers
11904432 usd
CY2022Q2 SISI Allowance For Uncollectible Advances To Suppliers
AllowanceForUncollectibleAdvancesToSuppliers
13544627 usd
CY2017Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.35 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
744766 usd
CY2022Q3 us-gaap Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
Lesser of useful life and lease term
CY2022 SISI Transition Tax Payments Description
TransitionTaxPaymentsDescription
The Company elects to pay the transition tax over an eight-year period using specified percentages (eight percent per year for the first five years, 15 percent in year six, 20 percent in year seven, and 25 percent in year eight)
CY2022Q3 SISI Value Added Tax Rate Description
ValueAddedTaxRateDescription
Before May 1, 2018, all of the Company’s products that were sold in the PRC were subject to a Chinese value-added tax at a rate of 17% of the gross sales price. After May 1, 2018, the Company was subject a tax rate of 16%, and after April 1, 2019, the tax rate was further reduced to 13% based on the new Chinese tax law
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-2439722 usd
CY2022Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.1406 pure
CY2021Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.1493 pure
CY2022Q3 SISI Foreign Currency Exchange Rate Translation One
ForeignCurrencyExchangeRateTranslationOne
0.1461 pure
CY2021Q3 SISI Foreign Currency Exchange Rate Translation One
ForeignCurrencyExchangeRateTranslationOne
0.1545 pure
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2439722 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-11103095 usd
CY2021Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-3135237 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-14238332 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14649132 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8314996 shares
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.17
CY2021Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.33
CY2021Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.38
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.71
CY2022Q3 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84D_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zTq5wrJvT41h" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><i><span id="xdx_867_z2qCHx0qZqGb">New Accounting Pronouncements</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes. The FASB is issuing this Update as part of its initiative to reduce complexity in accounting standards (the “Simplification Initiative”). The objective of the Simplification Initiative is to identify, evaluate, and improve areas of GAAP for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The specific areas of potential simplification in this ASU were submitted by stakeholders as part of the Simplification Initiative. For public business entities, the amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company adopted this ASU on July 1, 2021 and the adoption of this ASU did not have a material impact on its financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. ASU 2020-04 provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform. The amendments in this standard can be applied anytime between the first quarter of 2020 and the fourth quarter of 2022. The Company is currently in the process of evaluating the impact of adoption of the new rules on the Company’s financial condition, results of operations, cash flows, and disclosures.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The Company believes that other recent accounting pronouncement updates will not have a material effect on the Company’s unaudited condensed consolidated financial statements.</span></p>
CY2022Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
9167155 usd
CY2022Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
9138790 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7205783 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7317236 usd
CY2022Q3 SISI Accounts Receivable Net Including Discontinuing Operation
AccountsReceivableNetIncludingDiscontinuingOperation
1961372 usd
CY2022Q2 SISI Accounts Receivable Net Including Discontinuing Operation
AccountsReceivableNetIncludingDiscontinuingOperation
1821554 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7317236 usd
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13481021 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
327925 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1632670 usd
CY2022 SISI Cessation Of Subsidiaries And Disposal Of Variable Interest Entities
CessationOfSubsidiariesAndDisposalOfVariableInterestEntities
-7524110 usd
CY2022Q3 SISI Accounts Receivable Foreign Currency Translation Adjustments
AccountsReceivableForeignCurrencyTranslationAdjustments
-439378 usd
CY2022 SISI Accounts Receivable Foreign Currency Translation Adjustments
AccountsReceivableForeignCurrencyTranslationAdjustments
-272345 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7205783 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7317236 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
60555 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
67467 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
18046891 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
18709325 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1122368 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1191275 usd
CY2022Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1173594 usd
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1249543 usd
CY2022Q3 SISI Inventory Net Including Discontinued Operation
InventoryNetIncludingDiscontinuedOperation
18056220 usd
CY2022Q2 SISI Inventory Net Including Discontinued Operation
InventoryNetIncludingDiscontinuedOperation
18718524 usd
CY2022Q3 us-gaap Inventory Write Down
InventoryWriteDown
241754 usd
CY2021Q3 us-gaap Inventory Write Down
InventoryWriteDown
492987 usd
CY2022Q3 SISI Gross Advances On Inventory Purchases
GrossAdvancesOnInventoryPurchases
11904432 usd
CY2022Q2 SISI Gross Advances On Inventory Purchases
GrossAdvancesOnInventoryPurchases
13548178 usd
CY2022Q3 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
11904432 usd
CY2022Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13544627 usd
CY2022Q2 SISI Advances On Inventory Purchases Including Discontnuing Operaton
AdvancesOnInventoryPurchasesIncludingDiscontnuingOperaton
3551 usd
CY2022Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13544627 usd
CY2021Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13320307 usd
CY2022Q3 SISI Advances To Suppliers Charge To Expense
AdvancesToSuppliersChargeToExpense
-882854 usd
CY2022 SISI Advances To Suppliers Charge To Expense
AdvancesToSuppliersChargeToExpense
4938064 usd
CY2022 SISI Advances To Suppliers Ceasation Of Subisiaries And Disposal Of Vie
AdvancesToSuppliersCeasationOfSubisiariesAndDisposalOfVIE
-4210407 usd
CY2022Q3 SISI Advances To Suppliers Foreign Currency Translation Adjustments
AdvancesToSuppliersForeignCurrencyTranslationAdjustments
-757341 usd
CY2022 SISI Advances To Suppliers Foreign Currency Translation Adjustments
AdvancesToSuppliersForeignCurrencyTranslationAdjustments
-503337 usd
CY2022Q3 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
11904432 usd
CY2022Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13544627 usd
CY2022Q3 SISI Loan To Third Parties
LoanToThirdParties
2373854 usd
CY2022Q2 SISI Loan To Third Parties
LoanToThirdParties
16345717 usd
CY2022Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
2205091 usd
CY2022Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3246293 usd
CY2022Q3 us-gaap Short Term Investments
ShortTermInvestments
1066520 usd
CY2022Q2 us-gaap Short Term Investments
ShortTermInvestments
164261 usd
CY2022Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
14897 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
20872 usd
CY2022Q3 SISI Other Current Assets Gross
OtherCurrentAssetsGross
5660362 usd
CY2022Q2 SISI Other Current Assets Gross
OtherCurrentAssetsGross
19777143 usd
CY2022Q3 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2404614 usd
CY2022Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2545565 usd
CY2022Q3 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
3255748 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
17231578 usd
CY2022Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2545565 usd
CY2021Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
995760 usd
CY2022Q3 SISI Advances To Third Parties Charge To Expense
AdvancesToThirdPartiesChargeToExpense
-22093 usd
CY2022 SISI Advances To Third Parties Charge To Expense
AdvancesToThirdPartiesChargeToExpense
2117316 usd
CY2022 SISI Advances To Third Parties Ceasation Of Subisiaries And Disposal Of Vie
AdvancesToThirdPartiesCeasationOfSubisiariesAndDisposalOfVIE
-326491 usd
CY2022Q3 SISI Advances To Third Parties Foreign Currency Translation Adjustments
AdvancesToThirdPartiesForeignCurrencyTranslationAdjustments
-118858 usd
CY2022 SISI Advances To Third Parties Foreign Currency Translation Adjustments
AdvancesToThirdPartiesForeignCurrencyTranslationAdjustments
-241020 usd
CY2022Q3 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2404614 usd
CY2022Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2545565 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5152137 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5478914 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3213660 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3388640 usd
CY2022Q3 SISI Impairment For Property And Equipment
ImpairmentForPropertyAndEquipment
-673084 usd
CY2022Q2 SISI Impairment For Property And Equipment
ImpairmentForPropertyAndEquipment
-714802 usd
CY2022Q3 SISI Property Plant And Equipment Net Including Discontinued Operations
PropertyPlantAndEquipmentNetIncludingDiscontinuedOperations
1265393 usd
CY2022Q2 SISI Property Plant And Equipment Net Including Discontinued Operations
PropertyPlantAndEquipmentNetIncludingDiscontinuedOperations
1375472 usd
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
30966 usd
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
81473 usd
CY2022Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
673084 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
714802 usd
CY2022Q3 us-gaap Equity Method Investments
EquityMethodInvestments
750000 usd
CY2022Q3 us-gaap Long Term Investments
LongTermInvestments
611142 usd
CY2022Q2 us-gaap Long Term Investments
LongTermInvestments
617446 usd
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3587788 usd
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
450123 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1749663 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2088149 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
586553 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
959909 usd
CY2022Q3 SISI Schedule Of Weighted Average Remaining Lease Terms And Discount Rate Of Operating Lease
ScheduleOfWeightedAverageRemainingLeaseTermsAndDiscountRateOfOperatingLease
<p id="xdx_890_ecustom--ScheduleOfWeightedAverageRemainingLeaseTermsAndDiscountRateOfOperatingLease_zmLHEzMIVvF6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of September 30, 2022 and June 30, 2022:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_z54bLOW4PQL5" style="display: none">SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES FOR OPERATING LEASES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>September 30,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>June 30,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Remaining lease term and discount rate:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: left; padding-bottom: 2.5pt">Weighted average remaining lease term (years)</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right"><span id="xdx_901_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20220930_zT3YDuKdmwY5" title="Weighted average remaining lease term (years)">6.00</span></td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right"><span id="xdx_90C_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20220630_zTUc61bIb3Nl" title="Weighted average remaining lease term (years)">6.88</span></td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Weighted average discount rate</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90C_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_uPure_c20220930_ztp2SLtj2Llf" title="Weighted average discount rate">5.53</span></td><td style="padding-bottom: 2.5pt; text-align: left">%</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_90D_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_uPure_c20220630_zRMaSouh24Xb" title="Weighted average discount rate">5.30</span></td><td style="padding-bottom: 2.5pt; text-align: left">%</td></tr> </table>
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M17D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0553 pure
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0530 pure
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
873173 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1025967 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1459726 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1985876 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2268344 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
544171 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
555548 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
170225 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
21089 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
21089 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
428803 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1740925 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
281199 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1459726 usd
CY2022Q3 SISI Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Due From Related Party
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDueFromRelatedParty
108296 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
18115423 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
224522 usd
CY2022Q3 SISI Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Right Of Use Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRightOfUseAssets
1127130 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
166107 usd
CY2022Q3 SISI Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets And Other Payables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsAndOtherPayables
-2503607 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation
1013492 usd
CY2022Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
112070 usd
CY2022Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
16224379 usd
CY2022Q3 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
6274484 usd
CY2022Q2 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
6794987 usd
CY2022 us-gaap Interest Income Other
InterestIncomeOther
77213 usd
CY2022Q3 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1500000
CY2022Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
5000000.0
CY2022Q3 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1500000
CY2022Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
2480548 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
2798800 usd
CY2022Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
2480548 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
2798800 usd
CY2022Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
4802 usd
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
744766 usd
CY2022Q3 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Company elects to pay the transition tax over an eight-year period using specified percentages (eight percent per year for the first five years, 15 percent in year six, 20 percent in year seven, and 25 percent in year eight).
CY2022Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2405076 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
1190068 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
1252245 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
292503 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
311439 usd
CY2022Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
922505 usd
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
979682 usd
CY2022Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2543366 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2405076 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2543366 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2543366 usd
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1810023 usd
CY2022Q3 SISI Current Year Addition Valuation Allowance
CurrentYearAdditionValuationAllowance
10148 usd
CY2022Q2 SISI Current Year Addition Valuation Allowance
CurrentYearAdditionValuationAllowance
798160 usd
CY2022Q3 SISI Deferred Tax Assets Valuation Allowance Exchange Rate Adjustments
DeferredTaxAssetsValuationAllowanceExchangeRateAdjustments
-148438 usd
CY2022Q2 SISI Deferred Tax Assets Valuation Allowance Exchange Rate Adjustments
DeferredTaxAssetsValuationAllowanceExchangeRateAdjustments
-64817 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2405076 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2543366 usd
CY2022Q3 SISI Description Of Applicable Value Added Tax Rate
DescriptionOfApplicableValueAddedTaxRate
The applicable VAT rate was 17% before May 1, 2018 for products sold in the PRC and decreased to 16% thereafter, and after April 1, 2019, the tax rate was further reduced to 13% based on the new Chinese tax law. The amount of VAT liability is determined by applying the applicable tax rate to the invoiced amount of goods sold (output VAT) less VAT paid on purchases made with the relevant supporting invoices (input VAT). Under commercial practice in the PRC, the Company pays VAT based on tax invoices issued.
CY2022Q3 us-gaap Income Tax Examination Penalties Expense
IncomeTaxExaminationPenaltiesExpense
0 usd
CY2021Q3 us-gaap Income Tax Examination Penalties Expense
IncomeTaxExaminationPenaltiesExpense
0 usd
CY2022Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
992780 usd
CY2022Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
32880 usd
CY2022Q2 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
34925 usd
CY2022Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
4810 usd
CY2022Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
3375 usd
CY2022Q3 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
978305 usd
CY2022Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
1015995 usd
CY2022Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
1031080 usd
CY2022Q3 us-gaap Disposal Group Including Discontinued Operation Accrued Income Taxes Payable
DisposalGroupIncludingDiscontinuedOperationAccruedIncomeTaxesPayable
569135 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Accrued Income Taxes Payable
DisposalGroupIncludingDiscontinuedOperationAccruedIncomeTaxesPayable
584220 usd
CY2022Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
446860 usd
CY2022Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
446860 usd
CY2022Q3 SISI Statutory Surplus Reserve Percentage
StatutorySurplusReservePercentage
0.10 pure
CY2022Q3 SISI Statutory Reserve Percentage On Registered Capital
StatutoryReservePercentageOnRegisteredCapital
0.50 pure
CY2022Q3 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
4198107 usd
CY2022Q2 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
4198107 usd
CY2019Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
184763 shares
CY2019Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1022660 usd
CY2019Q3 us-gaap Share Price
SharePrice
5.54
CY2019Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
310977 shares
CY2019Q3 us-gaap Share Price
SharePrice
4.68
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1500203 usd
CY2020Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
604900 shares
CY2020Q4 us-gaap Share Price
SharePrice
2.73
CY2020Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1643087 usd
CY2022Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
3024000 usd
CY2017Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
6000000 usd
CY2021Q4 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
9088125.00 usd
CY2021Q4 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
9000000 usd
CY2021Q4 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
10000000 usd
CY2022Q2 us-gaap Debt Securities
DebtSecurities
1500000 usd
CY2022Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
982500 shares
CY2022Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 integer
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
535698 usd
CY2022Q3 us-gaap Cost Of Revenue
CostOfRevenue
626575 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
-90877 usd
CY2022Q3 SISI Gross Profit Loss Contribution Percentage
GrossProfitLossContributionPercentage
-0.170 pure
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
629758 usd
CY2021Q3 us-gaap Cost Of Revenue
CostOfRevenue
1359303 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
-729545 usd
CY2021Q3 SISI Gross Profit Loss Contribution Percentage
GrossProfitLossContributionPercentage
-1.158 pure
CY2022Q3 us-gaap Assets
Assets
57420167 usd
CY2022Q2 us-gaap Assets
Assets
63826017 usd
CY2021Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-3135237 usd

Files In Submission

Name View Source Status
0001493152-22-032163-index-headers.html Edgar Link pending
0001493152-22-032163-index.html Edgar Link pending
0001493152-22-032163.txt Edgar Link pending
0001493152-22-032163-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
sisi-20220930.xsd Edgar Link pending
sisi-20220930_cal.xml Edgar Link unprocessable
sisi-20220930_lab.xml Edgar Link unprocessable
sisi-20220930_def.xml Edgar Link unprocessable
sisi-20220930_pre.xml Edgar Link unprocessable