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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Sep. 30, 2022
CURRENT ASSETS:    
Cash $ 8,684,188 $ 4,792,632
Short-term investments 4,696,503 2,276,158
Accounts receivable, net 3,869,399 3,830,876
Accounts receivable - related parties 291,883 253,473
Inventories 6,509,349 6,724,415
Due from related parties 4,874,422 36,257
Prepaid expenses and other current assets 163,356 989,336
TOTAL CURRENT ASSETS 29,089,100 18,903,147
Property, plant and equipment, net 1,582,650 1,627,962
Land use right, net 166,476 163,213
Deferred tax assets 184,271 245,212
TOTAL ASSETS 31,022,497 20,939,534
CURRENT LIABILITIES:    
Short-term bank loan 1,456,000  
Accounts payable 4,614,084 4,113,622
Accrued liabilities and other payables 378,097 393,760
Deferred revenue 561,146 830,305
Deferred revenue - a related party 124,766
Taxes payable 341,885 248,090
Due to a related party   118,066
TOTAL CURRENT LIABILITIES 7,475,978 5,703,843
TOTAL LIABILITIES 7,475,978 5,703,843
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Ordinary shares, $0.001 par value, 50,000,000 shares authorized, 7,750,000 shares and 6,750,000 shares were issued and outstanding as of March 31, 2023 and September 30, 2022, respectively* [1] 7,750 6,750
Additional paid-in capital 6,053,131 79,810
Statutory reserves 1,827,972 1,651,422
Retained earnings 15,998,640 14,408,843
Accumulated other comprehensive loss (340,974) (911,134)
TOTAL SHAREHOLDERS’ EQUITY 23,546,519 15,235,691
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 31,022,497 $ 20,939,534
[1] The share amounts are presented on a retrospective basis.