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Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Sep. 30, 2022
CURRENT ASSETS:    
Cash $ 6,929,508 $ 4,792,632
Short-term investments 9,768,835 2,276,158
Accounts receivable, net 3,283,266 3,830,876
Inventories 5,053,136 6,724,415
Prepaid expenses and other current assets 892,597 989,336
TOTAL CURRENT ASSETS 31,115,815 18,903,147
Property, plant and equipment, net 1,480,796 1,627,962
Land use right, net 154,364 163,213
Deferred tax assets, net 152,475 245,212
TOTAL ASSETS 32,903,450 20,939,534
CURRENT LIABILITIES:    
Short-term bank loan 4,113,000
Accounts payable 3,391,079 4,113,622
Accrued liabilities and other payables 318,500 393,760
Deferred revenue 710,099 830,305
Taxes payable 271,423 248,090
TOTAL CURRENT LIABILITIES 8,924,345 5,703,843
TOTAL LIABILITIES 8,924,345 5,703,843
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Ordinary shares, $0.00005 par value, 1,000,000,000 shares authorized, 155,947,100 shares and 135,000,000 shares were issued and outstanding as of September 30, 2023 and 2022, respectively [1] 7,797 6,750
Additional paid-in capital 6,437,179 79,810
Statutory reserves 2,010,890 1,651,422
Retained earnings 16,927,605 14,408,843
Accumulated other comprehensive loss (1,404,366) (911,134)
TOTAL SHAREHOLDERS’ EQUITY 23,979,105 15,235,691
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 32,903,450 20,939,534
Related Party    
CURRENT ASSETS:    
Accounts receivable - related parties 947,949 253,473
Due from related parties 4,240,524 36,257
CURRENT LIABILITIES:    
Deferred revenue - related parties 119,120
Due to related parties $ 1,124 $ 118,066
[1] Retrospectively restated for effect of a 20-for-1 forward split on February 8, 2024.