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Consolidated Statements of Cash flows - USD ($)
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 6,549,584 $ 14,328,374 $ 13,580,375
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 3,366,804 3,196,715 3,299,874
Loss on disposal of property, plant and equipment 156,072 521,189 473,596
Changes in operating assets and liabilities      
Other receivables (6,044) (7,063) 19,377
Other current assets (27,973,193) 1,005,523 (14,519,791)
Accounts payable 4,259,820 (866,494)
Accrued expenses and other payables (1,821,122) 579,597 (388,806)
Advances from customers (3,874,566) (806,737) (6,560,028)
Net cash (used in) provided by operating activities (19,342,645) 18,817,598 (4,961,897)
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from disposal of equipment 85,125 45,664
Additions to property, plant and equipment (7,910,651) (275,234) (905,209)
Net cash used in investing activities (7,910,651) (190,109) (859,545)
CASH FLOWS FROM FINANCING ACTIVITIES      
Advances from related party 1,779,723 971,617 586,121
Repayment of amounts due to related parties (2,072,512) (7,817,993) (461,251)
Proceeds from the issuance of ordinary shares, net of issuance costs 6,189,914
Repayment of loan (140,849) (145,980)
Proceeds from loan payable 139,280 152,063 148,025
Net cash provided by (used in) financing activities 5,895,556 (6,840,293) 272,895
Effect of change in exchange rate (843,497) (2,215,409) 869,563
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (22,201,237) 9,571,787 (4,678,984)
Cash and cash equivalents, beginning of year 22,447,145 12,875,358 17,554,342
Cash and cash equivalents, end of year 245,908 22,447,145 12,875,358
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for interest expense 6,008 6,162 4,583
Cash paid for income tax 6,302,806 4,973,635 5,788,891
Operating lease $ 6,151,204 $ 6,648,370 $ 6,150,602