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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Sep. 30, 2023
CURRENT ASSETS:    
Cash $ 8,874,902 $ 6,929,508
Short-term investments 17,113,103 9,768,835
Accounts receivable, net 3,856,529 3,283,266
Inventories 4,540,852 5,053,136
Prepaid expenses and other current assets 2,202,847 892,597
TOTAL CURRENT ASSETS 38,177,840 31,115,815
Operating lease right-of-use assets 263,331
Property, plant and equipment, net 1,464,107 1,480,796
Land use right, net 1,124,404 154,364
Deferred tax assets, net 130,441 152,475
TOTAL ASSETS 41,160,123 32,903,450
CURRENT LIABILITIES:    
Short-term bank loans 9,681,150 4,113,000
Accounts payable 3,146,451 3,391,079
Accrued liabilities and other payables 527,822 318,500
Deferred revenue 546,988 710,099
Deferred revenue - related parties 131,521 119,120
Taxes payable 564,626 271,423
Operating lease liabilities, current 88,297
TOTAL CURRENT LIABILITIES 14,825,519 8,924,345
NON-CURRENT LIABILITIES:    
Operating lease liabilities, non-current 179,691
Total non current liabilities 179,691
TOTAL LIABILITIES 15,005,210 8,924,345
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Ordinary shares, $0.00005 par value, 1,000,000,000 shares authorized, 156,547,100 shares155,947,100 shares were issued and outstanding as of March 31, 2024 and September 30, 2023, respectively [1] 7,827 7,797
Additional paid-in capital 6,749,144 6,437,179
Statutory reserves 2,277,430 2,010,890
Retained earnings 18,455,159 16,927,605
Accumulated other comprehensive loss (1,245,394) (1,404,366)
TOTAL SHAREHOLDERS’ EQUITY 26,244,166 23,979,105
Non-controlling interest (89,253)
TOTAL EQUITY 26,154,913 23,979,105
TOTAL LIABILITIES AND EQUITY 41,160,123 32,903,450
Related Party    
CURRENT ASSETS:    
Accounts receivable - related parties 1,524,570 947,949
Due from related parties 65,037 4,240,524
CURRENT LIABILITIES:    
Due to related parties $ 138,664 $ 1,124
[1] Retrospectively restated for effect of a 20-for-1 forward split on February 8, 2024.