2024 Q1 Form 10-Q Financial Statement

#000149315224005469 Filed on February 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q2
Revenue $1.351M -$1.220M
YoY Change -692.15%
Cost Of Revenue $1.160M $1.995M -$980.0K
YoY Change 48.13% 202.62% 311.4%
Gross Profit $191.7K $312.3K -$240.0K
YoY Change -313.28% -360.55% -154.02%
Gross Profit Margin 14.18%
Selling, General & Admin $3.386M $5.676M $1.960M
YoY Change 39.26% 144.37% -73.87%
% of Gross Profit 1766.53% 1817.47%
Research & Development $31.90K $22.22K $77.00K
YoY Change -45.37%
% of Gross Profit 16.64% 7.11%
Depreciation & Amortization $1.324M $1.321M $150.0K
YoY Change 290.88% 880.93% -150.18%
% of Gross Profit 690.94% 423.07%
Operating Expenses $3.418M $5.698M $2.040M
YoY Change 37.27% 145.32% -72.8%
Operating Profit -$3.226M -$5.386M -$2.280M
YoY Change 25.06% 120.5% -67.69%
Interest Expense -$417.8K -$451.3K -$360.0K
YoY Change 266.41% 217.29% -27.61%
% of Operating Profit
Other Income/Expense, Net -$644.7K -$376.5K -$350.0K
YoY Change 915.64% 14.16% 93.82%
Pretax Income -$3.871M -$5.763M -$3.050M
YoY Change 46.45% 107.85% -61.97%
Income Tax $497.9K -$706.6K -$160.0K
% Of Pretax Income
Net Earnings -$3.349M -$4.327M -$5.490M
YoY Change 25.49% 56.23% -21.84%
Net Earnings / Revenue -247.8%
Basic Earnings Per Share -$0.52 -$0.84
Diluted Earnings Per Share -$0.52 -$0.84 -$0.25
COMMON SHARES
Basic Shares Outstanding 6.413M shares 50.93M shares 21.09M shares
Diluted Shares Outstanding 6.426M shares 5.130M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $565.5K $1.187M $630.0K
YoY Change -96.33% -92.78% -95.85%
Cash & Equivalents $565.5K $1.187M $600.0K
Short-Term Investments
Other Short-Term Assets $2.560M $2.749M $2.827M
YoY Change 4.27% 79.27% -83.59%
Inventory $1.446M $1.989M $324.4K
Prepaid Expenses $2.101K $1.484K $1.629K
Receivables $4.676M $6.958M $34.59K
Other Receivables $2.962M $3.225M $2.630M
Total Short-Term Assets $22.45M $21.85M $40.92M
YoY Change -51.04% -61.18% -31.49%
LONG-TERM ASSETS
Property, Plant & Equipment $6.224M $6.408M $1.213M
YoY Change 374.47% 448.23% -11.8%
Goodwill $28.02M $28.02M $6.575M
YoY Change 326.1%
Intangibles
YoY Change
Long-Term Investments $25.96K $0.00
YoY Change -95.65% -100.0%
Other Assets $613.1K $0.00 $2.580M
YoY Change 9805.17% -100.0% 26972.4%
Total Long-Term Assets $79.24M $80.60M $22.55M
YoY Change 262.19% 2799.53% 451.15%
TOTAL ASSETS
Total Short-Term Assets $22.45M $21.85M $40.92M
Total Long-Term Assets $79.24M $80.60M $22.55M
Total Assets $101.7M $102.5M $63.47M
YoY Change 50.14% 73.47% -0.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.744M $2.443M $191.1K
YoY Change 737.23% 162554.93% 12256.04%
Accrued Expenses $123.2K $126.9K $90.00K
YoY Change -66.69% -45.47% -90.62%
Deferred Revenue $6.312M $3.372M $89.49K
YoY Change
Short-Term Debt $13.40M $14.90M $1.240M
YoY Change 922.57% 1.19% -91.4%
Long-Term Debt Due $636.9K $649.7K $931.1K
YoY Change
Total Short-Term Liabilities $43.37M $40.51M $23.35M
YoY Change 92.33% 96.41% -19.61%
LONG-TERM LIABILITIES
Long-Term Debt $1.087M $1.116M $1.083M
YoY Change
Other Long-Term Liabilities $384.8K $389.3K $1.850M
YoY Change -63.43% -61.39% 25.61%
Total Long-Term Liabilities $1.087M $1.116M $1.083M
YoY Change 3.29% 10.66% -26.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $43.37M $40.51M $23.35M
Total Long-Term Liabilities $1.087M $1.116M $1.083M
Total Liabilities $54.98M $51.63M $26.62M
YoY Change 118.53% 138.7% -12.77%
SHAREHOLDERS EQUITY
Retained Earnings -$34.05M -$30.70M -$31.74M
YoY Change 29.7% 30.17% 72.74%
Common Stock $6.446K $6.413K $26.39K
YoY Change -68.81% -67.38% 140.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $35.99M $39.07M $32.56M
YoY Change
Total Liabilities & Shareholders Equity $101.7M $102.5M $63.47M
YoY Change 50.14% 73.47% -0.56%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q2
OPERATING ACTIVITIES
Net Income -$3.349M -$4.327M -$5.490M
YoY Change 25.49% 56.23% -21.84%
Depreciation, Depletion And Amortization $1.324M $1.321M $150.0K
YoY Change 290.88% 880.93% -150.18%
Cash From Operating Activities -$351.1K -$1.208M -$2.540M
YoY Change -67.07% -474.86% -343.55%
INVESTING ACTIVITIES
Capital Expenditures $16.19K $33.36K
YoY Change -12.44%
Acquisitions
YoY Change
Other Investing Activities -$7.130K -$985.8K $0.00
YoY Change -99.48% -88.64% -100.0%
Cash From Investing Activities -$23.32K -$1.019M $20.00K
YoY Change -98.32% -88.25% -100.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -233.5K 2.512M 2.060M
YoY Change -117.41% 1480.7% -35.27%
NET CHANGE
Cash From Operating Activities -351.1K -1.208M -2.540M
Cash From Investing Activities -23.32K -1.019M 20.00K
Cash From Financing Activities -233.5K 2.512M 2.060M
Net Change In Cash -608.0K 285.4K -460.0K
YoY Change -45.59% -103.48% -163.05%
FREE CASH FLOW
Cash From Operating Activities -$351.1K -$1.208M -$2.540M
Capital Expenditures $16.19K $33.36K
Free Cash Flow -$367.3K -$1.241M
YoY Change -66.14% -485.21%

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dei Entity Address Address Line2
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Jiazhaoye Square
dei Entity Address Address Line3
EntityAddressAddressLine3
Chaoyang District
dei Entity Address City Or Town
EntityAddressCityOrTown
Beijing
dei Entity Address Country
EntityAddressCountry
CN
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
100022
dei City Area Code
CityAreaCode
(+86)
dei Local Phone Number
LocalPhoneNumber
10-87227366
dei Security12b Title
Security12bTitle
Common Stock, par value $0.001 per share
dei Trading Symbol
TradingSymbol
SISI
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6412902 shares
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q2 us-gaap Accounts Receivable Net Current
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InventoryNet
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CY2023Q2 us-gaap Inventory Net
InventoryNet
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CY2023Q4 us-gaap Advances On Inventory Purchases
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CY2023Q2 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
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CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2023Q4 SISI Land Use Right Net
LandUseRightNet
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CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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CY2023Q2 us-gaap Finite Lived Intangible Assets Net
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CY2023Q4 us-gaap Goodwill
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Goodwill
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CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q2 us-gaap Operating Lease Right Of Use Asset
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CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
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AccountsPayableCurrent
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CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
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CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
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AccountsPayableAndOtherAccruedLiabilitiesCurrent
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CY2023Q4 us-gaap Operating Lease Liability Current
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CY2023Q4 us-gaap Convertible Notes Payable Current
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CY2023Q4 us-gaap Taxes Payable Current
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CY2023Q4 us-gaap Long Term Loans Payable
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CY2023Q4 us-gaap Liabilities
Liabilities
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CY2023Q2 us-gaap Liabilities
Liabilities
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CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
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CY2023Q4 SISI Statutory Reserve
StatutoryReserve
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StatutoryReserve
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RetainedEarningsAccumulatedDeficit
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StockholdersEquity
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MinorityInterest
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MinorityInterest
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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LiabilitiesAndStockholdersEquity
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2023Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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SISI Business And Sales Related Tax
BusinessAndSalesRelatedTax
7309 usd
CY2023Q4 SISI Business And Sales Related Tax
BusinessAndSalesRelatedTax
6332 usd
us-gaap Cost Of Revenue
CostOfRevenue
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CostOfRevenue
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us-gaap Gross Profit
GrossProfit
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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GeneralAndAdministrativeExpense
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CY2022Q4 us-gaap General And Administrative Expense
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us-gaap Selling Expense
SellingExpense
132195 usd
CY2023Q4 us-gaap Selling Expense
SellingExpense
84362 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
45916 usd
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ResearchAndDevelopmentExpense
22218 usd
us-gaap Operating Expenses
OperatingExpenses
9029486 usd
us-gaap Operating Expenses
OperatingExpenses
3294780 usd
CY2023Q4 us-gaap Operating Expenses
OperatingExpenses
5698490 usd
CY2022Q4 us-gaap Operating Expenses
OperatingExpenses
1482895 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-8618213 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-3294780 usd
CY2023Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-5386172 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2022Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
83 usd
SISI Investment Income From Derivative Financial Assets
InvestmentIncomeFromDerivativeFinancialAssets
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CY2023Q4 SISI Investment Income From Derivative Financial Assets
InvestmentIncomeFromDerivativeFinancialAssets
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2023Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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CY2023Q4 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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CY2022Q4 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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SISI Interest Income Expense Net Excluding Amortization Of Financing Costs
InterestIncomeExpenseNetExcludingAmortizationOfFinancingCosts
-821301 usd
SISI Interest Income Expense Net Excluding Amortization Of Financing Costs
InterestIncomeExpenseNetExcludingAmortizationOfFinancingCosts
-290846 usd
CY2023Q4 SISI Interest Income Expense Net Excluding Amortization Of Financing Costs
InterestIncomeExpenseNetExcludingAmortizationOfFinancingCosts
-452090 usd
CY2022Q4 SISI Interest Income Expense Net Excluding Amortization Of Financing Costs
InterestIncomeExpenseNetExcludingAmortizationOfFinancingCosts
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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NonoperatingIncomeExpense
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NonoperatingIncomeExpense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
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CY2022Q4 us-gaap Profit Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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EarningsPerShareBasic
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us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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SISI Adjustments To Additional Paid In Capital Disposal Of Tenet Jove
AdjustmentsToAdditionalPaidInCapitalDisposalOfTenetJove
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1440000 usd
SISI Forgiveness Of Subscription Receivable
ForgivenessOfSubscriptionReceivable
3024000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
1595720 usd
SISI Common Stock Value Issued For Management And Employees
CommonStockValueIssuedForManagementAndEmployees
1120341 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
138355 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50819630 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35728866 usd
CY2022Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3347000 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-1925123 usd
CY2022Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-847388 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1125027 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
37428382 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50865603 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50865603 usd
CY2023Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1440000 usd
CY2023Q4 SISI Forgiveness Of Subscription Receivable
ForgivenessOfSubscriptionReceivable
3024000 usd
CY2023Q4 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
265720 usd
CY2023Q4 SISI Common Stock Value Issued For Management And Employees
CommonStockValueIssuedForManagementAndEmployees
240020 usd
CY2023Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
40390 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
40390 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50819630 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50819630 usd
us-gaap Profit Loss
ProfitLoss
286021 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
8855247 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-1267012 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
8569226 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3947819 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2365955 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
285 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
516063 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
928220 usd
us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
-26288 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-957928 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-6221 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
37002 usd
SISI Forgiveness Of Subscription Receivables
ForgivenessOfSubscriptionReceivables
3024000 usd
SISI Common Stock Issued For Management And Employees
CommonStockIssuedForManagementAndEmployees
-540311 usd
SISI Common Stock Issued For Management And Employees
CommonStockIssuedForManagementAndEmployees
-612000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
366057 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
355972 usd
SISI Accrued Interest Expense For Convertible Notes
AccruedInterestExpenseForConvertibleNotes
457056 usd
SISI Accrued Interest Expense For Convertible Notes
AccruedInterestExpenseForConvertibleNotes
479641 usd
SISI Accrued Interest Income Due From Third Parties
AccruedInterestIncomeDueFromThirdParties
119978 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5207133 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
4961015 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-164612 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-42536 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
221896 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-4353578 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3062228 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
528131 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
65585 usd
SISI Increase Decrease In Other Longterm Payable
IncreaseDecreaseInOtherLongtermPayable
-35315 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-23083 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
66725 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
109 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2548624 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1841660 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-162253 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
54704 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2710877 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1786956 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
33360 usd
SISI Payment Made For Loans To Third Parties
PaymentMadeForLoansToThirdParties
1539715 usd
SISI Repayment From Loans To Third Parties
RepaymentFromLoansToThirdParties
50000 usd
SISI Repayment From Loans To Third Parties
RepaymentFromLoansToThirdParties
10915129 usd
SISI Repayment From Loans To Related Parties
RepaymentFromLoansToRelatedParties
490177 usd
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
18480 usd
SISI Redemption Of Derivative Financial Assets
RedemptionOfDerivativeFinancialAssets
-21050 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
9000000 usd
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
-1003678 usd
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
-13889752 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
1915129 usd
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
490456 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2405585 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
9807483 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
8302815 usd
us-gaap Repayments Of Longterm Loans From Vendors
RepaymentsOfLongtermLoansFromVendors
317444 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2020030 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1250000 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-81966 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
3125288 usd
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1225776 usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
293180 usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-145785 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3418468 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1079991 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
229252 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12979559 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1277376 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14166759 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15165231 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1187200 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16442607 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
14123179 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1187200 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2319428 usd
us-gaap Interest Paid Net
InterestPaidNet
274879 usd
us-gaap Stock Issued1
StockIssued1
1595720 usd
us-gaap Stock Issued1
StockIssued1
527636 usd
SISI Issuance Of Common Shares For Proceeds Received In Prior Year
IssuanceOfCommonSharesForProceedsReceivedInPriorYear
5000000 usd
SISI Issuance Of Common Shares For Business Acquisition
IssuanceOfCommonSharesForBusinessAcquisition
2300000 usd
SISI Issuance Of Common Shares For Business Acquisition
IssuanceOfCommonSharesForBusinessAcquisition
3097000 usd
SISI Transferal Of Equity Interest Of Tenet Jove For Business Acquisition Of Wintus
TransferalOfEquityInterestOfTenetJoveForBusinessAcquisitionOfWintus
37705951 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
32737 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
645711 usd
SISI Repayments Of Loans To Third Parties Offset By Other Payables
RepaymentsOfLoansToThirdPartiesOffsetByOtherPayables
3156610 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-8569226 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-3947819 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2548624 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1841660 usd
CY2023Q4 SISI Working Capital
WorkingCapital
18655945 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
72222 shares
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
650000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
500000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
14900000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
1800000 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1925123 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
8856042 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1261776 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_zVia1vZj76a6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span id="xdx_867_zMkI3xnDW6Z2" style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><i>Use of Estimates</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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: 0pt 0pt 0pt 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, and intangible assets, the recoverability of long-lived assets, assessment of expected credit losses for accounts receivable and other current asset, the valuation allowance of 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-844750 usd
us-gaap Net Income Loss
NetIncomeLoss
1038753 usd
us-gaap Net Income Loss
NetIncomeLoss
-5209595 usd
CY2023Q4 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P30Y
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-4327442 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-2769873 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4145127 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4145127 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1624966 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1624966 shares
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5129978 shares
CY2023Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
3645 usd
SISI Investment Income From Derivative Financial Assets
InvestmentIncomeFromDerivativeFinancialAssets
-3534 usd
CY2023Q4 SISI Investment Income From Derivative Financial Assets
InvestmentIncomeFromDerivativeFinancialAssets
-766 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
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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.
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5129978 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1785018 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1785018 shares
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.89
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.89
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-2.43
CY2023Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.1412 pure
CY2023Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.1378 pure
SISI Average Foreign Currency Exchange Rate Translation
AverageForeignCurrencyExchangeRateTranslation
0.1385 pure
SISI Average Foreign Currency Exchange Rate Translation
AverageForeignCurrencyExchangeRateTranslation
0.1433 pure
CY2023Q4 SISI Average Foreign Currency Exchange Rate Translation
AverageForeignCurrencyExchangeRateTranslation
0.1388 pure
CY2022Q4 SISI Average Foreign Currency Exchange Rate Translation
AverageForeignCurrencyExchangeRateTranslation
0.1406 pure
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
45916 usd
CY2023Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
22218 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-7817289 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-3947819 usd
CY2023Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-4327442 usd
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-2.43
CY2023Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.84
CY2023Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.84
CY2022Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.08
CY2022Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.08
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
2.14
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
2.14
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.78
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.78
CY2022Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.47
CY2022Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.21
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.84
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.84
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.55
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.55
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84F_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zDVMpSEgPtDd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span id="xdx_86E_zb5z1dncCEyl" style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><i>Reclassifications</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Certain prior year balances were reclassified to conform to the current year’s presentation with consideration of reflecting the Company’s Tenet-Jove Disposal Group as discontinued operations. None of these reclassifications had an impact on reported financial position or cash flows for any of the periods presented.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
8479760 usd
CY2023Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
10467260 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1521575 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8153850 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
6958185 usd
CY2023Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
2313410 usd
CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
2278824 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6958185 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
34586 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8153850 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
7317236 usd
SISI Allowance For Doubtful Accounts Receivable Period Acquisition
AllowanceForDoubtfulAccountsReceivablePeriodAcquisition
174627 usd
CY2023 SISI Allowance For Doubtful Accounts Receivable Period Acquisition
AllowanceForDoubtfulAccountsReceivablePeriodAcquisition
451863 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
244557 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1050753 usd
SISI Disposal Of Variable Interest Entities
DisposalOfVariableInterestEntities
-7116986 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
62125 usd
SISI Accounts Receivable Foreign Currency Translation Adjustments
AccountsReceivableForeignCurrencyTranslationAdjustments
65527 usd
CY2023 SISI Accounts Receivable Foreign Currency Translation Adjustments
AccountsReceivableForeignCurrencyTranslationAdjustments
-603877 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1521575 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8153850 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
653555 usd
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
315129 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
174648 usd
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
16713913 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1191876 usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1179243 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
31249 usd
CY2023Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1163304 usd
CY2023Q4 SISI Inventory Net Including Discontinued Operation
InventoryNetIncludingDiscontinuedOperation
1988830 usd
CY2023Q2 SISI Inventory Net Including Discontinued Operation
InventoryNetIncludingDiscontinuedOperation
17044981 usd
CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
16720575 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
1988830 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
324406 usd
us-gaap Inventory Write Down
InventoryWriteDown
462936 usd
CY2022Q4 us-gaap Inventory Write Down
InventoryWriteDown
221182 usd
CY2023Q4 SISI Gross Advances On Inventory Purchases
GrossAdvancesOnInventoryPurchases
8617047 usd
CY2023Q2 SISI Gross Advances On Inventory Purchases
GrossAdvancesOnInventoryPurchases
10170145 usd
CY2023Q4 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
130998 usd
CY2023Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
10167448 usd
CY2023Q4 SISI Advances On Inventory Purchases Including Discontnuing Operaton
AdvancesOnInventoryPurchasesIncludingDiscontnuingOperaton
8486049 usd
CY2023Q2 SISI Advances On Inventory Purchases Including Discontnuing Operaton
AdvancesOnInventoryPurchasesIncludingDiscontnuingOperaton
2697 usd
CY2023Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
8486049 usd
CY2023Q2 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
2697 usd
CY2023Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
10167448 usd
CY2022Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13544627 usd
SISI Advance To Suppliers Acquisition
AdvanceToSuppliersAcquisition
6441 usd
CY2023 SISI Advance To Suppliers Acquisition
AdvanceToSuppliersAcquisition
56831 usd
SISI Advances To Suppliers Charge To Expense
AdvancesToSuppliersChargeToExpense
118607 usd
CY2023 SISI Advances To Suppliers Charge To Expense
AdvancesToSuppliersChargeToExpense
-2349716 usd
SISI Advances From Suppliers Disposal Of Variable Interest Entities
AdvancesFromSuppliersDisposalOfVariableInterestEntities
-10212837 usd
CY2023 SISI Allowance For Doubtful Accounts On Advances To Supplier Write Off
AllowanceForDoubtfulAccountsOnAdvancesToSupplierWriteOff
-147172 usd
SISI Advances To Suppliers Foreign Currency Translation Adjustments
AdvancesToSuppliersForeignCurrencyTranslationAdjustments
51339 usd
CY2023 SISI Advances To Suppliers Foreign Currency Translation Adjustments
AdvancesToSuppliersForeignCurrencyTranslationAdjustments
-937122 usd
CY2023Q4 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
130998 usd
CY2023Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
10167448 usd
CY2023Q4 SISI Loan To Third Parties
LoanToThirdParties
2589104 usd
CY2023Q2 SISI Loan To Third Parties
LoanToThirdParties
1481101 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
2564968 usd
CY2023Q2 us-gaap Other Receivables
OtherReceivables
2629733 usd
CY2023Q2 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
2000000 usd
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
45709 usd
CY2023Q2 us-gaap Short Term Investments
ShortTermInvestments
37015 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1484 usd
CY2023Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1629 usd
CY2023Q4 SISI Other Current Assets Gross
OtherCurrentAssetsGross
5201265 usd
CY2023Q2 SISI Other Current Assets Gross
OtherCurrentAssetsGross
6149478 usd
CY2023Q4 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2451957 usd
CY2023Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
3287793 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
2749308 usd
CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
2861685 usd
CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
34643 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2749308 usd
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
2827042 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1018722 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1481101 usd
CY2023Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
3287793 usd
CY2022Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2545565 usd
SISI Acquisition Of Subsidiaries
AcquisitionOfSubsidiaries
36714 usd
CY2023 SISI Acquisition Of Subsidiaries
AcquisitionOfSubsidiaries
14504 usd
SISI Advances To Third Parties Charge To Expense
AdvancesToThirdPartiesChargeToExpense
30354 usd
CY2023 SISI Advances To Third Parties Charge To Expense
AdvancesToThirdPartiesChargeToExpense
1867474 usd
SISI Disposal Of Variable Interest Entities For Doubtful Debts
DisposalOfVariableInterestEntitiesForDoubtfulDebts
-604103 usd
CY2023 SISI Advances To Third Parties Doubtful Accounts Wtiteoff Value
AdvancesToThirdPartiesDoubtfulAccountsWtiteoffValue
-964509 usd
SISI Advances To Third Parties Foreign Currency Translation Adjustments
AdvancesToThirdPartiesForeignCurrencyTranslationAdjustments
-298801 usd
CY2023 SISI Advances To Third Parties Foreign Currency Translation Adjustments
AdvancesToThirdPartiesForeignCurrencyTranslationAdjustments
-175241 usd
CY2023Q4 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2451957 usd
CY2023Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
3287793 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9987419 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5432519 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3487508 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3437327 usd
CY2023Q4 SISI Impairment For Property And Equipment
ImpairmentForPropertyAndEquipment
-91675 usd
CY2023Q2 SISI Impairment For Property And Equipment
ImpairmentForPropertyAndEquipment
-749299 usd
CY2023Q4 SISI Property Plant And Equipment Net Including Discontinued Operations
PropertyPlantAndEquipmentNetIncludingDiscontinuedOperations
6408236 usd
CY2023Q2 SISI Property Plant And Equipment Net Including Discontinued Operations
PropertyPlantAndEquipmentNetIncludingDiscontinuedOperations
1245893 usd
CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
32777 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6408236 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1213116 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
1526 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
9320 usd
CY2022Q4 us-gaap Interest And Debt Expense
InterestAndDebtExpense
4518 usd
CY2023Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
2898328 usd
CY2023Q2 SISI Accumulated Amortization For Farmland Leasehold
AccumulatedAmortizationForFarmlandLeasehold
2238484 usd
CY2023Q2 SISI Impairment For Farmland Leasehold Improvements
ImpairmentForFarmlandLeaseholdImprovements
659844 usd
SISI Land Use Right Estimated Useful Life
LandUseRightEstimatedUsefulLife
P30Y
SISI Land Use Right Amortizes Period
LandUseRightAmortizesPeriod
P30Y
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
715955 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
94280 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
621675 usd
CY2023Q4 SISI Land Use Rights Net Held For Continuing Operations
LandUseRightsNetHeldForContinuingOperations
621675 usd
SISI Land Use Rights Amortization Expense Discontinuing Operations
LandUseRightsAmortizationExpenseDiscontinuingOperations
0 usd
SISI Land Use Rights Amortization Expense Discontinuing Operations
LandUseRightsAmortizationExpenseDiscontinuingOperations
0 usd
CY2023Q4 SISI Land Use Rights Amortization Expense Discontinuing Operations
LandUseRightsAmortizationExpenseDiscontinuingOperations
0 usd
CY2022Q4 SISI Land Use Rights Amortization Expense Discontinuing Operations
LandUseRightsAmortizationExpenseDiscontinuingOperations
0 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
133318 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
132366 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
126857 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
86978 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
19563 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
44469 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
146420 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
131447 usd
SISI Schedule Of Weighted Average Remaining Lease Terms And Discount Rate Of Operating Lease
ScheduleOfWeightedAverageRemainingLeaseTermsAndDiscountRateOfOperatingLease
<p id="xdx_89E_ecustom--ScheduleOfWeightedAverageRemainingLeaseTermsAndDiscountRateOfOperatingLease_gL3SOWARLTADR-PUSS_zV65MA5kAATe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 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 held for continuing operations were as follows as of December 31, 2023 and June 30, 2023:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B3_zAcSpZ7axpA1" style="display: none">SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES FOR OPERATING LEASES</span></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 style="vertical-align: bottom; text-align: center"><b> </b></td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"><b> </b></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center"><b>December 31, 2023</b></td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"><b> </b></td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"><b> </b></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center"><b>June 30, 2023</b></td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </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_903_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20231231_zvguF1vrDuE3" title="Weighted average remaining lease term (years)">1.69</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_909_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20230630_zuy0szsXT2T9" title="Weighted average remaining lease term (years)">1.92</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="text-align: left; 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 id="xdx_989_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20231231_zl41lB4jw464" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average discount rate">4.52</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 id="xdx_981_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20230630_ztSbI4VbdLFg" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average discount rate">4.61</td><td style="padding-bottom: 2.5pt; text-align: left">%</td></tr> </table> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><table cellpadding="0" cellspacing="0" id="xdx_30B_134_zVuMj2sQSHDf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES FOR OPERATING LEASES (Details)"> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center"><b> </b></td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"><b> </b></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center"><b>December 31, 2023</b></td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"><b> </b></td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"><b> </b></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; text-align: center"><b>June 30, 2023</b></td><td style="text-align: center; padding-bottom: 1.5pt; vertical-align: bottom"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td><td> </td> <td colspan="2" style="text-align: justify"> </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_dxL_c20231231__us-gaap--DisposalGroupClassificationAxis__custom--DiscontinuedOperationsMember_zn1BFBDq2ypd" title="Weighted average remaining lease term (years)::XDX::P0Y"><span style="-sec-ix-hidden: xdx2ixbrl1790">-</span></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_906_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20230630__us-gaap--DisposalGroupClassificationAxis__custom--DiscontinuedOperationsMember_zCOx3sV95ZEc" title="Weighted average remaining lease term (years)">5.85</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="text-align: left; 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 id="xdx_98E_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp0_uPure_c20231231__us-gaap--DisposalGroupClassificationAxis__custom--DiscontinuedOperationsMember_zyDc1RBY7Tz3" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average discount rate">-</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 id="xdx_981_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20230630__us-gaap--DisposalGroupClassificationAxis__custom--DiscontinuedOperationsMember_zBdyaiyjC208" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average discount rate">4.36</td><td style="padding-bottom: 2.5pt; text-align: left">%</td></tr> </table>  
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M8D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y11M1D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0452 pure
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0461 pure
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SISI Income Tax Description
IncomeTaxDescription
Biowin is subject to corporate income tax at a reduced rate of 15% starting from December 2019, when it was approved by local government as a High and New Technology Enterprises (“HNTEs”), to December 2022. In December 2022, the Company successfully renewed its HNTE certification with local government and will continue to enjoy the reduced income tax rate of 15% for another three years through December 2025. The subsidiaries of Wintus in PRC are governed by the Income Tax Laws of the PRC, and are currently subject to tax at a statutory rate of 25% on taxable income, expect certain subsidiaries that are recognized as small low-profit enterprises. According to the relevant PRC tax policies, once an enterprise meets certain requirements and is identified as a small-scale minimal profit enterprise, the taxable income not more than RMB3 million is subject to a reduced effective rate of 5% during the period from January 1, 2023 to December 31, 2027
CY2018 us-gaap Income Tax Expense Benefit
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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)
SISI Deferred Income Tax Expense Benefit Current
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SISI Acquisition In Addition Valuation Allowance
AcquisitionInAdditionValuationAllowance
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CY2023 SISI Acquisition In Addition Valuation Allowance
AcquisitionInAdditionValuationAllowance
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SISI Disposal Of Valuation Allowance
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CurrentYearAdditionValuationAllowance
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CY2023Q2 SISI Valuation Allowance Held For Discontinued Operations
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CY2023Q2 SISI Valuation Allowance Held For Continuing Operations
ValuationAllowanceHeldForContinuingOperations
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SISI Description Of Applicable Value Added Tax Rate
DescriptionOfApplicableValueAddedTaxRate
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. For overseas sales, VAT is exempted on the exported goods. 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. The tax invoices may be issued subsequent to the date on which revenue is recognized, and there may be a considerable delay between the date on which the revenue is recognized and the date on which the tax invoice is issued
us-gaap Income Tax Examination Penalties Expense
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CY2023Q4 SISI Income Tax Payable Noncurrent Continuing Operations
IncomeTaxPayableNoncurrentContinuingOperations
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CY2023Q2 SISI Income Tax Payable Noncurrent Continuing Operations
IncomeTaxPayableNoncurrentContinuingOperations
335145 usd
SISI Statutory Surplus Reserve Percentage
StatutorySurplusReservePercentage
0.10 pure
SISI Statutory Reserve Percentage On Registered Capital
StatutoryReservePercentageOnRegisteredCapital
0.50 pure
CY2023Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
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4198107 usd
CY2023Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
3024000 usd
CY2023Q2 SISI Disposal Group Including Discontinued Operation Operating Lease Rightofuse Assets
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2538037 usd
CY2023Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
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CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Accounts Payable Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent
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CY2023Q2 SISI Disposal Group Including Discontinued Operation Due To Related Parties
DisposalGroupIncludingDiscontinuedOperationDueToRelatedParties
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CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities
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CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Accrued Income Taxes Payable
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CY2023Q2 SISI Operating Lease Liabilities Noncurrent
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CY2023Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
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SISI Assets Percentage
AssetsPercentage
1 pure
CY2023Q4 SISI Assets Percentage
AssetsPercentage
1 pure
SISI Assets Percentage
AssetsPercentage
1 pure
CY2022Q4 SISI Assets Percentage
AssetsPercentage
1 pure
CY2021Q4 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
9000000 usd
CY2021Q4 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
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us-gaap Disposal Group Including Discontinued Operation Revenue
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DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
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us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
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411529 usd
SISI Disposal Group Including Discontinued Operation Gross Profit Loss Contribution Percentage
DisposalGroupIncludingDiscontinuedOperationGrossProfitLossContributionPercentage
0.104 pure
us-gaap Disposal Group Including Discontinued Operation Revenue
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1074945 usd
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
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-210745 usd
SISI Disposal Group Including Discontinued Operation Gross Profit Loss Contribution Percentage
DisposalGroupIncludingDiscontinuedOperationGrossProfitLossContributionPercentage
-0.196 pure
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
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CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
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DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
312318 usd
CY2023Q4 SISI Disposal Group Including Discontinued Operation Gross Profit Loss Contribution Percentage
DisposalGroupIncludingDiscontinuedOperationGrossProfitLossContributionPercentage
0.135 pure
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
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CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
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CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
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CY2022Q4 SISI Disposal Group Including Discontinued Operation Gross Profit Loss Contribution Percentage
DisposalGroupIncludingDiscontinuedOperationGrossProfitLossContributionPercentage
-0.222 pure
CY2023Q4 us-gaap Assets
Assets
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CY2023Q2 us-gaap Assets
Assets
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CY2023Q2 SISI Assets Held For Discontinued Operations
AssetsHeldForDiscontinuedOperations
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CY2023Q4 SISI Assets Held For Continuing Operations
AssetsHeldForContinuingOperations
102453902 usd
CY2023Q2 SISI Assets Held For Continuing Operations
AssetsHeldForContinuingOperations
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CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
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CY2023Q2 SISI Assets Held For Sale Not Part Of Disposal Due From Related Parties
AssetsHeldForSaleNotPartOfDisposalDueFromRelatedParties
4534211 usd
CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
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DisposalGroupIncludingDiscontinuedOperationOtherAssets
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CY2023Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
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CY2023Q2 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets
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