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Consolidated Statements of Cash Flows
12 Months Ended
Oct. 11, 2022
HKD ($)
Sep. 30, 2024
HKD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
HKD ($)
Sep. 30, 2023
HKD ($)
Sep. 30, 2022
HKD ($)
Successor            
Operating activities            
Net loss   $ (5,487,765) $ (706,339) $ (6,830,973) $ (6,830,973)  
Adjustments to reconcile net loss to net cash operating activities:            
Depreciation   15,279 1,967 9,904    
Amortization of intangible assets   511,682 65,859 511,681    
Amortization of right-of-use asset – finance lease   76,946 9,904 248,620    
Amortization of right-of-use asset – operating lease   117,539 15,129    
Goodwill impairment   539 69      
Interest for finance lease   9,226 1,187      
Non cash lease expense      
Loss on disposal on property and equipment   16,923    
(Reversed) allowance for doubtful account   (100,000) (12,871) (100,000)    
Changes in operating assets and liabilities:            
Accounts receivable   (926,845) (119,296) (110,327)    
Prepayment and deposit   (111,458) (14,346)    
Accrued expenses and other liabilities   (10,862,876) (1,398,180) 11,456,057    
Advance from customers   (183,850) (23,664) 517,433    
Lease liability   (68,867) (8,864)    
Contract liabilities   (4,079,996) (525,143) (1,406,279)    
Income taxes payable   (73,378) (9,445) 233,259    
Deferred cost of revenue   1,564,783 201,406 (249,399)    
Cash (used in) provided by operating activities   (19,599,041) (2,522,627) 4,296,899    
Investing activities            
Purchase of property and equipment   (34,296) (4,414) (48,432)    
Repayment from a related party      
Payment to acquire right of use assets-operating lease   (48,672) (6,265)    
Net cash used to acquire subsidiaries in business combinations   (10,000,000)    
Cash (used in) provided by investing activities   (82,968) (10,679) (10,048,432)    
Financing activities            
Proceeds from issue of shares   44,112,133 5,677,749 10,000,100    
Capital reserves from shareholders   (6,364,143) (819,140) 16,364,143    
Repayment to bank loans   (573,491) (73,815) (676,972)    
Proceeds from bank loans      
Deferred offering costs   18,758,367 2,414,422 (18,758,367)    
Advanced from a director   544,738 70,114 (1,749,007)    
Advanced from related parties   640,738 82,470    
Other loans granted   1,079,060 138,888    
Repayment to other loans   (223,020) (28,705)    
Borrowings to shareholders   (100)    
Repayment from a director   1,806,585    
Principal payment for obligation under finance lease   (126,059) (16,225) (111,744)    
Cash provided by (used in) financing activities   57,848,323 7,445,758 6,874,638    
Net increase (decreased) in cash   38,166,314 4,912,452 1,123,105    
Cash as of beginning of the year/ period   3,629,347 467,140 2,506,242    
Cash as of the end of the year/ period $ 2,506,242 41,795,661 5,379,592 3,629,347 3,629,347  
Supplementary Cash Flows Information            
Cash paid for interest   102,158 13,149 74,587    
Cash paid for taxes   73,378 9,445 19,149    
Non-cash transaction            
Lease liabilities arising from obtaining right-of-use assets   1,585,685 204,096    
Provision for income tax   270,466    
Operating cash payments for operating leases   124,035 15,965 460,800    
Operating cash payments for finance leases   9,226 1,187 14,316    
Financing cash payments for finance leases   $ 116,834 $ 15,038 111,744    
Predecessor            
Operating activities            
Net loss (156,387)       (156,387) $ (2,663,554)
Adjustments to reconcile net loss to net cash operating activities:            
Depreciation         6,429
Amortization of intangible assets        
Amortization of right-of-use asset – finance lease         131,159
Amortization of right-of-use asset – operating lease        
Goodwill impairment        
Interest for finance lease        
Non cash lease expense         150,640
Loss on disposal on property and equipment        
(Reversed) allowance for doubtful account         313,362
Changes in operating assets and liabilities:            
Accounts receivable (32,828)         69,138
Prepayment and deposit         (119,548)
Accrued expenses and other liabilities (452,715)         409,762
Advance from customers         165,000
Lease liability         (188,717)
Contract liabilities 365,328         4,666,012
Income taxes payable        
Deferred cost of revenue         (1,377,776)
Cash (used in) provided by operating activities (276,602)         1,561,907
Investing activities            
Purchase of property and equipment         (25,455)
Repayment from a related party         404,182
Payment to acquire right of use assets-operating lease        
Net cash used to acquire subsidiaries in business combinations        
Cash (used in) provided by investing activities         378,727
Financing activities            
Proceeds from issue of shares        
Capital reserves from shareholders        
Repayment to bank loans         (431,746)
Proceeds from bank loans        
Deferred offering costs        
Advanced from a director         (38,000)
Advanced from related parties        
Other loans granted        
Repayment to other loans        
Borrowings to shareholders          
Repayment from a director (18,966)          
Principal payment for obligation under finance lease           (106,869)
Cash provided by (used in) financing activities (18,966)         (576,615)
Net increase (decreased) in cash (295,568)         1,364,019
Cash as of beginning of the year/ period 2,801,810     $ 2,506,242 $ 2,801,810 1,437,791
Cash as of the end of the year/ period 2,506,242         2,801,810
Supplementary Cash Flows Information            
Cash paid for interest         105,854
Cash paid for taxes         73,323
Non-cash transaction            
Lease liabilities arising from obtaining right-of-use assets        
Provision for income tax        
Operating cash payments for operating leases         190,000
Operating cash payments for finance leases         19,191
Financing cash payments for finance leases         $ 106,869