XML 18 R3.htm IDEA: XBRL DOCUMENT v3.24.4
Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Sep. 30, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 19,830,128 $ 245,908
Advances to suppliers and other current assets 40,273,708 14,433,069
Other receivables 514,010 57,723
TOTAL CURRENT ASSETS 60,617,846 14,736,700
Property and equipment, net 28,612,940 32,321,643
Right-of-use assets 9,262,875 6,151,204
Other non-current assets 60,793 29,017,886
TOTAL NON-CURRENT ASSETS 37,936,608 67,490,733
TOTAL ASSETS 98,554,454 82,227,433
CURRENT LIABILITIES    
Accounts payable 4,259,820
Accrued expenses and other payables 2,866,355 3,037,092
Tax payable 449,285 1,012,103
Advances from customers 1,471,227 5,732,349
Loan payables 198,219 139,280
Lease liability-current 836,591 346,005
TOTAL CURRENT LIABILITIES 5,821,677 14,526,649
NON-CURRENT LIABILITIES    
Lease liability-non-current 8,768,845 5,805,199
Other non-current liabilities 243,314 237,472
TOTAL NON-CURRENT LIABILITIES 9,017,159 6,650,026
TOTAL LIABILITIES 14,838,836 21,176,675
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Additional paid-in capital 28,707,696 6,189,739
Statutory reserve 3,488,991 3,462,673
Retained earnings 53,736,691 55,559,561
Accumulated other comprehensive loss (2,238,378) (4,166,390)
Total stockholders’ equity 83,715,618 61,050,758
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 98,554,454 82,227,433
Related Party    
NON-CURRENT LIABILITIES    
Amount due to related party 5,000 607,355
Class A Ordinary Shares    
STOCKHOLDERS’ EQUITY    
Ordinary shares value [1] 19,618 4,175
Class B Ordinary Shares    
STOCKHOLDERS’ EQUITY    
Ordinary shares value [1] $ 1,000 $ 1,000
[1] Share have been retroactively adjusted to reflect the decreased number of shares resulting from a reverse stock split effective from September 19, 2024 (Note 1).