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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unadited) - USD ($)
6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (930,245) $ (365,010)
Depreciation and amortization 388,790 519,415
Change in fair value of marketable securities 390,645 168,383
Loss on company owned life insurance policies 52,885
Noncash lease expense 246,152
Deferred tax asset (154,259)
Changes in operating assets and liabilities:    
Accounts receivable 121 302
Income tax recoverable 339,594
Prepaid expense (345,511) (426,951)
Inventories 107,805 (330,118)
Other current assets 196,053 (78,916)
Long-term prepaid expenses 2,602
Accounts payable (273,104) (3,648,669)
Accrued expenses and other payables 19,036 (178,422)
Income tax payable (285,295)
Deferred income (1,322,875) 413,584
Operating lease liabilities (242,293)
Other current liabilities (522,523)
Net cash used in operating activities (2,672,016) (3,586,808)
CASH FLOWS FROM INVESTING ACTIVITIES    
Loan made to third party (275,964)
Purchase of property, plant and equipment (2,760) (139,207)
Purchase of intangible assets (24,578)
Purchase of company-owned life insurance policies (70,191)
Disposal of a subsidiary, net of cash disposed of (79,875)
Proceeds from sale of securities 86,623
Net cash used in investing activities (348,915) (157,037)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of finance lease obligation (20,362)
Proceeds from related parties 5,366
Repayment to related parties and director (105,209)
Net cash provided by (used in) financing activities (125,571) 5,366
Net effect of exchange rate changes on cash 65,997 639,459
Net decrease in cash (3,080,505) (3,099,020)
Cash and cash equivalents - beginning of period 20,198,362 22,737,755
Cash and cash equivalents - end of period 17,117,857 19,638,735
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Operating expense paid by related parties on behalf of the Company 128,550 282,814
Liabilities assumed in connection with purchase of intangible assets 20,329
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 1,081
Income taxes paid $ 285,636