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Consolidated Balance Sheets
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
CURRENT ASSETS    
Cash $ 80,466 $ 111,299
Restricted cash 576,739
Accounts receivable, net 11,781,103 4,602,466
Inventories, net 1,572,224 987,287
Advance to suppliers, net 14,469,299 8,401,182
Acquisition deposit 1,000,000
Due from related parties 33,228 8,411
Prepaid expenses and other current assets 4,296,949 2,355,293
Current assets held for sale associated with the sale of the Gansu subsidiary 6,983,849 6,717,526
TOTAL CURRENT ASSETS 39,793,857 24,183,464
 NON-CURRENT ASSETS    
Property, plant and equipment, net 15,005,686 15,481,830
Intangible assets, net 776,995 766,350
Right-of-use lease assets, net 141,895 312,067
Deferred tax assets, net 1,388 1,335
Non-current assets held for sale associated with the sale of the Gansu subsidiary 6,045,611 5,811,090
TOTAL NON-CURRENT ASSETS 21,971,575 22,372,672
TOTAL ASSETS 61,765,432 46,556,136
CURRENT LIABILITIES    
Short-term loans 5,719,493 2,509,890
Current portion of long-term loans 461,765 419,610
Accounts payable 3,428,102 1,404,937
Due to related parties 244,871 77,212
Taxes payable 3,681,166 2,718,687
Deferred revenue 506,769 106,514
Accrued expenses and other current liabilities 2,243,219 2,140,900
Operating lease liability, current 148,904 227,297
Current liabilities held for sale associated with the sale of the Gansu subsidiary 11,543 6,168
TOTAL CURRENT LIABILITIES 16,445,832 9,611,215
NON-CURRENT LIABILITIES    
Long-term loans 970,061 871,368
Operating lease liability, non-current 91,720
TOTAL NON-CURRENT LIABILITIES 970,061 963,088
TOTAL LIABILITIES 17,415,893 10,574,303
COMMITMENTS AND CONTINGENCIES
EQUITY    
Preferred shares ($0.001 par value, 30,000,000 preferred shares authorized, no shares were issued and outstanding as of September 30, 2024 and 2023)
Ordinary shares, ($0.001 par value, 270,000,000 shares authorized, 3,970,558 and 1,173,867 shares issued and outstanding as of September 30, 2024 and 2023, respectively;) 3,970 1,174
Additional paid in capital 25,005,100 18,088,056
Statutory reserve 2,733,354 2,372,871
Retained earnings 18,741,685 18,703,996
Accumulated other comprehensive income (2,577,418) (3,681,445)
TOTAL BON NATURAL LIFE LIMITED SHAREHOLDERS’ EQUITY 43,906,691 35,484,652
Non-controlling interest 442,848 497,181
TOTAL SHAREHOLDERS’ EQUITY 44,349,539 35,981,833
TOTAL LIABILITIES AND EQUITY $ 61,765,432 $ 46,556,136