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Consolidated Statements of Cash flows - USD ($)
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net (loss) income $ (1,796,552) $ 6,549,584 $ 14,328,374
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 3,683,024 3,366,804 3,196,715
(Gain) Loss on disposal of property and equipment (226,258) 156,072 521,189
Share-based payments 2,283,400
Changes in operating assets and liabilities      
Other receivables (527,591) (6,044) (7,063)
Other current assets 4,127,906 (27,973,193) 1,005,523
Operating lease assets and liabilities 342,561
Accounts payable (4,259,820) 4,259,820
Accrued expenses and other payables (2,296,800) (1,821,122) 579,597
Advances from customers (4,341,620) (3,874,566) (806,737)
Net cash (used in) provided by operating activities (3,011,750) (19,342,645) 18,817,598
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from disposal of equipment 1,043,828 85,125
Additions to property and equipment (75,518) (7,910,651) (275,234)
Net cash provided by (used in) investing activities 968,310 (7,910,651) (190,109)
CASH FLOWS FROM FINANCING ACTIVITIES      
Advances from related party 1,779,723 971,617
Repayment of amounts due to related parties (2,072,512) (7,817,993)
Proceeds from the issuance of ordinary shares, net of issuance costs 20,250,000 6,189,914
Repayment of loan (140,849) (145,980)
Proceeds from loan payable 58,939 139,280 152,063
Net cash provided by (used in) financing activities 20,308,939 5,895,556 (6,840,293)
Effect of change in exchange rate 1,318,721 (843,497) (2,215,409)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 19,584,220 (22,201,237) 9,571,787
Cash and cash equivalents, beginning of year 245,908 22,447,145 12,875,358
Cash and cash equivalents, end of year 19,830,128 245,908 22,447,145
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for interest expense 7,427 6,008 6,162
Cash paid for income tax $ 2,663,183 $ 6,302,806 $ 4,973,635