Sino-Global Shipping America, Ltd. (SINO) financial statements (2020 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)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1203,1437,0988,7341,386730903
Cash and cash equivalents1203,1437,0988,7341,386730903
Receivables15,0838,33610,5864,3224,2463,274656
Prepaid expense95105233 8271,266 
Advances on inventory purchases1934,3612,145552,193518
Other undisclosed current assets  3,7703,644 2,7853,671
Total current assets:15,49115,94523,83216,7558,6528,1065,239
Noncurrent Assets
Operating lease, right-of-use asset385
Property, plant and equipment666990956187176214295
Intangible assets, net (including goodwill)5890153   
Intangible assets, net (excluding goodwill)5890153    
Prepaid expense1505204387 436 
Deposits noncurrent assets     38 
Other noncurrent assets3,0063,055143117472,77417
Other undisclosed noncurrent assets  635749179243164
Total noncurrent assets:4,2654,6542,3251,0614023,705475
TOTAL ASSETS:19,75620,59926,15817,8169,05411,8115,714
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,8595,1716,2072,5102,4131,712577
Accounts payable5115683,226206489692399
Accrued liabilities1,1911,41828141828623178
Taxes payable3,1583,1852,7011,8861,637997 
Debt156      
Due to related parties   206   
Customer advances and deposits 3702412688
Other liabilities     76566
Other undisclosed current liabilities7569415    
Total current liabilities:5,0905,2396,6233,0862,4371,9141,231
Noncurrent Liabilities
Long-term debt and lease obligation230      
Operating lease, liability230
Total noncurrent liabilities:230      
Total liabilities:5,3205,2396,6233,0862,4371,9141,231
Stockholders' equity
Stockholders' equity attributable to parent19,63820,53324,34819,49811,42414,6069,177
Common stock27,30926,52423,71720,53515,50016,30311,662
Treasury stock, value (418)(418)(418)(418)(373)(373)
Additional paid in capital2,3002,0671,7566891,1451,1451,145
Deferred compensation equity    (4)(8)(12)
Accumulated other comprehensive income (loss)(967)(671)(272)(415)(281)9125
Accumulated deficit(9,003)(6,969)(435)(894)(4,519)(2,553)(3,270)
Stockholders' equity attributable to noncontrolling interest(5,202)(5,174)(4,813)(4,769)(4,807)(4,710)(4,694)
Total stockholders' equity:14,43615,36019,53514,7306,6179,8974,483
TOTAL LIABILITIES AND EQUITY:19,75620,59926,15817,8169,05411,8115,714

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues28,56441,77123,06511,4467,31111,32111,644
Revenue, net 11,446   
Cost of revenue(23,805)(36,007)(15,586)(4,981)(3,738)(5,936)(7,613)
Cost of goods and services sold(3,807)(41,771)     
Gross profit:4,7585,7657,4796,4653,5735,3844,031
Operating expenses(10,279)(11,735)(6,661)(3,364)(4,822)(4,550)(3,886)
Other undisclosed operating income     182155
Operating income (loss):(5,520)(5,970)8183,101(1,249)1,017300
Nonoperating income (expense)(14)(121)65530(240)54214
Investment income, nonoperating     14(50)
Other nonoperating income (expense)(14)5965530(240)  
Other undisclosed loss from continuing operations before equity method investments, income taxes(121)      
Income (loss) from continuing operations before equity method investments, income taxes:(5,655)(6,091)1,4733,131(1,489)1,071514
Other undisclosed loss from continuing operations before income taxes(1)      
Income (loss) from continuing operations before income taxes:(5,657)(6,091)1,4733,131(1,489)1,071514
Income tax expense (benefit)(757)(921)(950)472(813)(427)(80)
Net income (loss):(6,414)(7,012)5233,604(2,302)644434
Net income (loss) attributable to noncontrolling interest636478(64)2133673(1,152)
Other undisclosed net income attributable to parent      2,304
Net income (loss) available to common stockholders, diluted:(5,778)(6,534)4593,625(1,966)7171,586

Comprehensive Income ($ in thousands)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(6,414)(7,012)5233,604(2,302)644434
Other undisclosed comprehensive income (loss)40(281)66(74)(134)1241
Comprehensive income (loss):(6,373)(7,293)5893,530(2,436)768436
Comprehensive income (loss), net of tax, attributable to noncontrolling interest523361(12)(39)97161,120
Other undisclosed comprehensive income, net of tax, attributable to parent  24    
Comprehensive income (loss), net of tax, attributable to parent:(5,850)(6,933)6013,491(2,338)7841,556

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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