Sino-Global Shipping America, Ltd. (SINO) financial statements (2021 and earlier)

Company profile

Business Address 1044 NORTHERN BOULEVARD
ROSLYN, NY 11576-1514
State of Incorp. VA
Fiscal Year End June 30
SIC 4731 - Arrangement of Transportation of Freight and Cargo (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,4731313,1437,0988,7341,386730
Cash and cash equivalents4,4731313,1437,0988,7341,386730
Receivables2,1921,6438,33610,5864,3224,2463,274
Prepaid expense6390105233 8271,266
Advances on inventory purchases81494,3612,145552,19351
Other undisclosed current assets   3,7703,644 2,785
Total current assets:6,8091,91315,94523,83216,7558,6528,106
Noncurrent Assets
Operating lease, right-of-use asset225300
Property, plant and equipment424523990956187176214
Intangible assets, net (including goodwill)(190)2690153   
Intangible assets, net (excluding goodwill)(190)2690153   
Prepaid expense  5204387 436
Deposits noncurrent assets      38
Other noncurrent assets3,2042,9753,055143117472,774
Other undisclosed noncurrent assets190  635749179243
Total noncurrent assets:3,8543,8254,6542,3251,0614023,705
TOTAL ASSETS:10,6625,73820,59926,15817,8169,05411,811
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,9815,4115,1716,2072,5102,4131,712
Accounts payable5644885683,226206489692
Accrued liabilities8551,6431,41828141828623
Taxes payable3,5623,2803,1852,7011,8861,637997
Debt132126     
Due to related parties    206  
Customer advances and deposits 37024126
Other liabilities      76
Other undisclosed current liabilities63827169415   
Total current liabilities:5,7515,8095,2396,6233,0862,4371,914
Noncurrent Liabilities
Long-term debt and lease obligation79133     
Operating lease, liability79133
Liabilities, other than long-term debt227     
Due to related parties227     
Other undisclosed noncurrent liabilities146128     
Total noncurrent liabilities:227287     
Total liabilities:5,9786,0965,2396,6233,0862,4371,914
Stockholders' equity
Stockholders' equity attributable to parent11,6366,18420,53324,34819,49811,42414,606
Preferred stock1,428      
Common stock33,78928,41526,52423,71720,53515,50016,303
Treasury stock, value  (418)(418)(418)(418)(373)
Common stock, share subscribed but unissued, subscriptions receivable (60)     
Additional paid in capital2,3352,3352,0671,7566891,1451,145
Deferred compensation equity     (4)(8)
Accumulated other comprehensive income (loss)(657)(1,084)(671)(272)(415)(281)91
Accumulated deficit(25,258)(23,422)(6,969)(435)(894)(4,519)(2,553)
Stockholders' equity attributable to noncontrolling interest(6,951)(6,542)(5,174)(4,813)(4,769)(4,807)(4,710)
Total stockholders' equity:4,685(358)15,36019,53514,7306,6179,897
TOTAL LIABILITIES AND EQUITY:10,6625,73820,59926,15817,8169,05411,811

Income statement (P&L) ($ in thousands)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues5,5336,53641,77123,06511,4467,31111,321
Revenue, net 11,446  
Cost of revenue(5,230)(3,679)(36,007)(15,586)(4,981)(3,738)(5,936)
Cost of goods and services sold(5,533)(6,536)(41,771)    
Provision for loan, lease, and other losses(525)(4,897)(3,979)
Gross profit:3032,8575,7657,4796,4653,5735,384
Operating expenses(9,491)(20,595)(11,735)(6,661)(3,364)(4,822)(4,550)
Other undisclosed operating income      182
Operating income (loss):(9,188)(17,738)(5,970)8183,101(1,249)1,017
Nonoperating income (expense)75(5)(121)65530(240)54
Investment income, nonoperating      14
Other nonoperating income (expense)75(5)5965530(240) 
Income (loss) from continuing operations before income taxes:(9,113)(17,743)(6,091)1,4733,131(1,489)1,071
Income tax expense (benefit)13(186)(921)(950)472(813)(427)
Income (loss) before gain (loss) on sale of properties:(9,100)(17,929)(7,012)5233,604(2,302)644
Other undisclosed net income2      
Net income (loss):(9,098)(17,929)(7,012)5233,604(2,302)644
Net income (loss) attributable to noncontrolling interest5231,476478(64)2133673
Net income (loss) available to common stockholders, diluted:(8,575)(16,453)(6,534)4593,625(1,966)717

Comprehensive Income ($ in thousands)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(9,098)(17,929)(7,012)5233,604(2,302)644
Other undisclosed comprehensive income (loss)91(383)(281)66(74)(134)124
Comprehensive income (loss):(9,007)(18,312)(7,293)5893,530(2,436)768
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1,1201,369361(12)(39)9716
Other undisclosed comprehensive income, net of tax, attributable to parent   24   
Comprehensive income (loss), net of tax, attributable to parent:(7,887)(16,943)(6,933)6013,491(2,338)784

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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