2023 Q2 Form 10-Q Financial Statement

#000149315223016645 Filed on May 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q2
Revenue -$1.220M $206.0K
YoY Change -692.15% -93.18%
Cost Of Revenue -$980.0K $782.9K -$238.2K
YoY Change 311.4% 10.41% -107.19%
Gross Profit -$240.0K -$89.87K $444.2K
YoY Change -154.02% -1.27% -251.43%
Gross Profit Margin 215.62%
Selling, General & Admin $1.960M $2.431M $7.501M
YoY Change -73.87% 8.81% -56.33%
% of Gross Profit 1688.45%
Research & Development $77.00K $58.38K
YoY Change
% of Gross Profit
Depreciation & Amortization $150.0K $338.8K -$298.9K
YoY Change -150.18% 200.46% -268.81%
% of Gross Profit -67.29%
Operating Expenses $2.040M $2.490M $7.501M
YoY Change -72.8% 11.43% -56.33%
Operating Profit -$2.280M -$2.580M -$7.057M
YoY Change -67.69% 10.93% -59.61%
Interest Expense -$360.0K -$114.0K -$497.3K
YoY Change -27.61% -198.08% -1800.85%
% of Operating Profit
Other Income/Expense, Net -$350.0K -$63.48K -$180.6K
YoY Change 93.82% -78.49% 223.91%
Pretax Income -$3.050M -$2.643M -$8.021M
YoY Change -61.97% -9.05% -62.59%
Income Tax -$160.0K -$33.09K -$285.8K
% Of Pretax Income
Net Earnings -$5.490M -$2.669M -$7.024M
YoY Change -21.84% -7.75% -77.66%
Net Earnings / Revenue -3409.44%
Basic Earnings Per Share -$0.13
Diluted Earnings Per Share -$0.25 -$0.13 -$653.3K
COMMON SHARES
Basic Shares Outstanding 21.09M shares 20.66M shares
Diluted Shares Outstanding 2.052M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $630.0K $15.40M $15.17M
YoY Change -95.85% -0.53% -7.21%
Cash & Equivalents $600.0K $15.40M $15.17M
Short-Term Investments
Other Short-Term Assets $2.827M $2.456M $17.23M
YoY Change -83.59% -86.75% -40.15%
Inventory $324.4K $18.99M $18.72M
Prepaid Expenses $1.629K $21.24K $20.87K
Receivables $34.59K $3.057M $1.822M
Other Receivables $2.630M $5.929M $3.246M
Total Short-Term Assets $40.92M $45.85M $59.74M
YoY Change -31.49% -29.02% 21.22%
LONG-TERM ASSETS
Property, Plant & Equipment $1.213M $1.312M $1.375M
YoY Change -11.8% -80.3% -76.45%
Goodwill $6.575M $6.575M
YoY Change
Intangibles $0.00
YoY Change -100.0%
Long-Term Investments $0.00 $596.5K $617.5K
YoY Change -100.0% -2.2%
Other Assets $2.580M $6.190K $9.530K
YoY Change 26972.4% -44.88% -99.81%
Total Long-Term Assets $22.55M $21.88M $4.091M
YoY Change 451.15% 200.52% -66.03%
TOTAL ASSETS
Total Short-Term Assets $40.92M $45.85M $59.74M
Total Long-Term Assets $22.55M $21.88M $4.091M
Total Assets $63.47M $67.73M $63.83M
YoY Change -0.56% -5.77% 4.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $191.1K $327.8K $1.547K
YoY Change 12256.04% 20007.98% -97.98%
Accrued Expenses $90.00K $369.9K $959.9K
YoY Change -90.62% -61.71% 120.97%
Deferred Revenue $89.49K
YoY Change
Short-Term Debt $1.240M $1.310M $14.42M
YoY Change -91.4% -90.7% 391.54%
Long-Term Debt Due $931.1K
YoY Change
Total Short-Term Liabilities $23.35M $22.55M $29.04M
YoY Change -19.61% -23.15% 96.28%
LONG-TERM LIABILITIES
Long-Term Debt $1.083M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.850M $1.052M $1.473M
YoY Change 25.61% -44.96% 71.4%
Total Long-Term Liabilities $1.083M $1.052M $1.473M
YoY Change -26.47% -44.96% 71.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.35M $22.55M $29.04M
Total Long-Term Liabilities $1.083M $1.052M $1.473M
Total Liabilities $26.62M $25.16M $30.51M
YoY Change -12.77% -19.19% 83.67%
SHAREHOLDERS EQUITY
Retained Earnings -$31.74M -$26.25M -$18.37M
YoY Change 72.74% -312.12%
Common Stock $26.39K $20.67K $10.98K
YoY Change 140.29% 39.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $32.56M $37.37M $33.71M
YoY Change
Total Liabilities & Shareholders Equity $63.47M $67.73M $63.83M
YoY Change -0.56% -5.77% 4.09%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q2
OPERATING ACTIVITIES
Net Income -$5.490M -$2.669M -$7.024M
YoY Change -21.84% -7.75% -77.66%
Depreciation, Depletion And Amortization $150.0K $338.8K -$298.9K
YoY Change -150.18% 200.46% -268.81%
Cash From Operating Activities -$2.540M -$1.066M $1.043M
YoY Change -343.55% -6.85% -137.31%
INVESTING ACTIVITIES
Capital Expenditures $18.49K
YoY Change -1349.32%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.374M -$3.806M
YoY Change -100.0% 1902.51% -37231.22%
Cash From Investing Activities $20.00K -$1.392M -$3.496M
YoY Change -100.57% 1886.58% -34205.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.060M 1.341M 3.183M
YoY Change -35.27% -23260.97% -41.83%
NET CHANGE
Cash From Operating Activities -2.540M -1.066M 1.043M
Cash From Investing Activities 20.00K -1.392M -3.496M
Cash From Financing Activities 2.060M 1.341M 3.183M
Net Change In Cash -460.0K -1.117M 729.6K
YoY Change -163.05% -8.47% -72.84%
FREE CASH FLOW
Cash From Operating Activities -$2.540M -$1.066M $1.043M
Capital Expenditures $18.49K
Free Cash Flow -$1.085M
YoY Change -5.12%

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CY2023Q1 SISI Proceeds Received From Investors For Subscription Of Common Stock
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SISI Stock Written Off Due To Natural Disaster
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SISI Payment Made For Loans To Third Parties
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SISI Payment Made For Loans To Related Parties
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6703954 usd
SISI Repayments Of Loans To Related Parties
RepaymentsOfLoansToRelatedParties
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us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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us-gaap Payments To Acquire Business Two Net Of Cash Acquired
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us-gaap Payments To Acquire Business Two Net Of Cash Acquired
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Short Term Debt
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us-gaap Repayments Of Short Term Debt
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1609978 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7481203 usd
SISI Proceeds Received From Investors For Subscription Of Common Stock Financing Activity
ProceedsReceivedFromInvestorsForSubscriptionOfCommonStockFinancingActivity
1164815 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
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us-gaap Proceeds From Repayments Of Related Party Debt
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748515 usd
us-gaap Proceeds From Convertible Debt
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us-gaap Net Cash Provided By Used In Financing Activities
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2421005 usd
us-gaap Net Cash Provided By Used In Financing Activities
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25229718 usd
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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229944 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13546973 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
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15395175 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15477421 usd
us-gaap Stock Issued1
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827637 usd
us-gaap Stock Issued1
StockIssued1
7250000 usd
SISI Issuance Of Common Shares For Proceeds Received In Prior Year
IssuanceOfCommonSharesForProceedsReceivedInPriorYear
5000000 usd
SISI Issuance Of Common Shares For Business Acquisition
IssuanceOfCommonSharesForBusinessAcquisition
3097000 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
65843 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1952449 usd
SISI Reduction Of Rightofuse Assets And Operating Lease Obligations
ReductionOfRightofuseAssetsAndOperatingLeaseObligations
651745 usd
SISI Reduction Of Rightofuse Assets And Operating Lease Obligations
ReductionOfRightofuseAssetsAndOperatingLeaseObligations
1057311 usd
SISI Repayments Of Loans To Third Parties Offset By Other Payables
RepaymentsOfLoansToThirdPartiesOffsetByOtherPayables
3159217 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
-20033826 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2853387 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6755462 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
722222 shares
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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650000 usd
CY2023Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
1300000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15400000 usd
CY2023Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_843_eus-gaap--UseOfEstimates_zDldnM62Beq5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_868_znHG5SUOr2U9">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; 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: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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, and intangible assets, 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></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
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CY2023Q1 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
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CY2023Q1 us-gaap Inventory Valuation Reserves
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CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1249543 usd
CY2023Q1 SISI Allowance For Uncollectible Advances To Suppliers
AllowanceForUncollectibleAdvancesToSuppliers
11256031 usd
CY2022Q2 SISI Allowance For Uncollectible Advances To Suppliers
AllowanceForUncollectibleAdvancesToSuppliers
13544627 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1140551 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 Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.28 pure
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
744766 usd
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)
SISI Value Added Tax Rate Description
ValueAddedTaxRateDescription
All of the Company’s products that were sold in the PRC were subject to a Chinese value-added tax at rates ranging from 3% to 13%, depending on the type of products sold.
CY2023Q1 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.1456 pure
CY2022Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.1493 pure
SISI Average Foreign Currency Exchange Rate Translation
AverageForeignCurrencyExchangeRateTranslation
0.1442 pure
SISI Average Foreign Currency Exchange Rate Translation
AverageForeignCurrencyExchangeRateTranslation
0.1562 pure
CY2023Q1 SISI Average Foreign Currency Exchange Rate Translation
AverageForeignCurrencyExchangeRateTranslation
0.1462 pure
CY2022Q1 SISI Average Foreign Currency Exchange Rate Translation
AverageForeignCurrencyExchangeRateTranslation
0.1576 pure
CY2023Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
58384 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
58384 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-16873390 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2668533 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2892584 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-3135237 usd
us-gaap Net Income Loss
NetIncomeLoss
-7878128 usd
us-gaap Net Income Loss
NetIncomeLoss
-20008627 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-2668533 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-2892584 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17653428 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9026568 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20523358 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9652228 shares
us-gaap Income Loss From Continuing Operations Per Basic Share
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-0.45
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.87
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.13
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.30
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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-0.35
us-gaap Earnings Per Share Basic
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-0.45
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.22
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
CY2023Q1 us-gaap Accounts Receivable Gross
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10609689 usd
CY2022Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
9138790 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
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7552901 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7317236 usd
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
3056788 usd
CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
1821554 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7317236 usd
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
477358 usd
SISI Charge To Reversal Of Expense
ChargeToReversalOfExpense
-59638 usd
CY2022 SISI Charge To Reversal Of Expense
ChargeToReversalOfExpense
1632670 usd
CY2022 SISI Cessation Of Subsidiaries And Disposal Of Variable Interest Entities
CessationOfSubsidiariesAndDisposalOfVariableInterestEntities
-7524110 usd
SISI Accounts Receivable Foreign Currency Translation Adjustments
AccountsReceivableForeignCurrencyTranslationAdjustments
-182055 usd
CY2022 SISI Accounts Receivable Foreign Currency Translation Adjustments
AccountsReceivableForeignCurrencyTranslationAdjustments
-272345 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7552901 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7317236 usd
CY2023Q1 us-gaap Inventory Raw Materials
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CY2022Q2 us-gaap Inventory Raw Materials
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CY2023Q1 us-gaap Inventory Work In Process
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CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
18709325 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1541746 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1191275 usd
CY2023Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1431963 usd
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1249543 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
18993652 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
18718524 usd
us-gaap Inventory Write Down
InventoryWriteDown
668088 usd
us-gaap Inventory Write Down
InventoryWriteDown
1303312 usd
CY2023Q1 us-gaap Inventory Write Down
InventoryWriteDown
205152 usd
CY2022Q1 us-gaap Inventory Write Down
InventoryWriteDown
401731 usd
CY2023Q1 SISI Gross Advances On Inventory Purchases
GrossAdvancesOnInventoryPurchases
11276859 usd
CY2022Q2 SISI Gross Advances On Inventory Purchases
GrossAdvancesOnInventoryPurchases
13548178 usd
CY2023Q1 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
11256031 usd
CY2022Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13544627 usd
CY2023Q1 SISI Advance To Suppliers Net
AdvanceToSuppliersNet
20828 usd
CY2022Q2 SISI Advance To Suppliers Net
AdvanceToSuppliersNet
3551 usd
CY2022Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13544627 usd
CY2021Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13320307 usd
SISI Advance To Suppliers Acquisition
AdvanceToSuppliersAcquisition
60038 usd
SISI Advances To Suppliers Charge To Expense
AdvancesToSuppliersChargeToExpense
-1853183 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
SISI Advances To Suppliers Foreign Currency Translation Adjustments
AdvancesToSuppliersForeignCurrencyTranslationAdjustments
-495451 usd
CY2022 SISI Advances To Suppliers Foreign Currency Translation Adjustments
AdvancesToSuppliersForeignCurrencyTranslationAdjustments
-503337 usd
CY2023Q1 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
11256031 usd
CY2022Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13544627 usd
CY2023Q1 SISI Loan To Third Parties
LoanToThirdParties
4074779 usd
CY2022Q2 SISI Loan To Third Parties
LoanToThirdParties
16345717 usd
CY2023Q1 us-gaap Other Receivables
OtherReceivables
1943934 usd
CY2022Q2 us-gaap Other Receivables
OtherReceivables
3246293 usd
CY2023Q1 us-gaap Short Term Investments
ShortTermInvestments
947746 usd
CY2022Q2 us-gaap Short Term Investments
ShortTermInvestments
164261 usd
CY2023Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
21239 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
20872 usd
CY2023Q1 SISI Other Current Assets Gross
OtherCurrentAssetsGross
6987698 usd
CY2022Q2 SISI Other Current Assets Gross
OtherCurrentAssetsGross
19777143 usd
CY2023Q1 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
4532183 usd
CY2022Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2545565 usd
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
2455515 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
17231578 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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1766448 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
384915 usd
CY2022Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
3139729 usd
CY2023Q1 SISI Accumulated Amortization For Farmland Leasehold
AccumulatedAmortizationForFarmlandLeasehold
2364783 usd
CY2023Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
3061857 usd
CY2022Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2545565 usd
CY2021Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
995760 usd
SISI Acquisition Of Biowin
AcquisitionOfBiowin
15322 usd
SISI Advances To Third Parties Charge To Expense
AdvancesToThirdPartiesChargeToExpense
2401297 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
SISI Advances To Third Parties Foreign Currency Translation Adjustments
AdvancesToThirdPartiesForeignCurrencyTranslationAdjustments
-430001 usd
CY2022 SISI Advances To Third Parties Foreign Currency Translation Adjustments
AdvancesToThirdPartiesForeignCurrencyTranslationAdjustments
-241020 usd
CY2023Q1 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
4532183 usd
CY2022Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2545565 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6462811 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5478914 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4453875 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3388640 usd
CY2023Q1 SISI Impairment For Property And Equipment
ImpairmentForPropertyAndEquipment
-697074 usd
CY2022Q2 SISI Impairment For Property And Equipment
ImpairmentForPropertyAndEquipment
-714802 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1311862 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1375472 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
185339 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
284901 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
20668 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Impairment Of Long Lived Assets Held For Use
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697074 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
714802 usd
CY2022Q2 SISI Accumulated Amortization For Farmland Leasehold
AccumulatedAmortizationForFarmlandLeasehold
2424927 usd
CY2023Q1 SISI Impairment For Farmland Leasehold Improvements
ImpairmentForFarmlandLeaseholdImprovements
697074 usd
CY2022Q2 SISI Impairment For Farmland Leasehold Improvements
ImpairmentForFarmlandLeaseholdImprovements
714802 usd
CY2023Q1 us-gaap Long Term Investments
LongTermInvestments
596514 usd
CY2022Q2 us-gaap Long Term Investments
LongTermInvestments
617446 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1022097 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2088149 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
369870 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
959909 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
605420 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1025967 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
975290 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1985876 usd
SISI Schedule Of Weighted Average Remaining Lease Terms And Discount Rate Of Operating Lease
ScheduleOfWeightedAverageRemainingLeaseTermsAndDiscountRateOfOperatingLease
<p id="xdx_890_ecustom--ScheduleOfWeightedAverageRemainingLeaseTermsAndDiscountRateOfOperatingLease_z62WA7n03Ul7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of March 31, 2023 and June 30, 2022:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BF_zrJlt8s7F5u8" 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><span style="font-size: 10pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>March 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2023</b></span></p></td><td style="padding-bottom: 1.5pt"><span style="font-size: 10pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; 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: 0pt; 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"><span style="font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-size: 10pt">Remaining lease term and discount rate:</span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td style="text-align: right"><span style="font-size: 10pt"> </span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td><td><span style="font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-size: 10pt"> </span></td><td style="text-align: right"><span style="font-size: 10pt"> </span></td><td style="text-align: left"><span style="font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: left; padding-bottom: 2.5pt"><span style="font-size: 10pt">Weighted average remaining lease term (years)</span></td><td style="width: 2%; padding-bottom: 2.5pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right"><span style="font-size: 10pt"><span id="xdx_905_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20230331_zyyO87a4MAkb" title="Weighted average remaining lease term (years)">8.82</span></span></td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"><span style="font-size: 10pt"> </span></td><td style="width: 2%; padding-bottom: 2.5pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"><span style="font-size: 10pt"> </span></td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right"><span style="font-size: 10pt"><span id="xdx_903_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20220630_zFM87lH6izhf" title="Weighted average remaining lease term (years)">6.88</span></span></td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"><span style="font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="font-size: 10pt">Weighted average discount rate</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98F_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20230331_z8jxybdgtL17" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average discount rate"><span style="font-size: 10pt">5.24</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 10pt">%</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 10pt"> </span></td><td id="xdx_98C_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20220630_zPUgrYl9dHyj" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average discount rate"><span style="font-size: 10pt">5.30</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 10pt">%</span></td></tr> </table>
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