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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Operating activities      
Net income $ 220,643 $ 454,415 $ 6,981,680
Non-cash item adjustments:      
Non-cash operating lease expense 1,165,859 1,109,009 1,122,599
Depreciation of property, plant and equipment 179,103 187,259 201,080
Depreciation of right-of-use assets – finance lease 38,116 41,112 41,104
Gain of early termination of finance lease (12,832)
Deferred tax expenses (54,206) (1,904) (22,574)
(Recovery of expected credit loss)/Credit loss 243,229 (176,170)
Change of deferred offering cost 273,135
Change in working capital items:      
Change in account receivables (2,019,612) (626,948) 2,430,648
Change in contract assets 61,280 78,551
Change in deposits and other receivables (145,688) 71,921 46,769
Change in account payables 2,626,443 (569,287) (3,241,269)
Change in lease liabilities – operating lease (1,169,138) (1,112,698) (1,129,898)
Change in accrued expenses and other payables (177) (9,915) (129,784)
Change in income taxes payable 89,657 (1,915,170) 422,127
Cash provided by operating activities 1,434,532 (2,487,096) 6,801,033
Investing activities      
Purchase of property, plant and equipment (462,335)
(Payment) /Collection of loan receivable 218,109 (218,109)
Cash (used in)/ provided by investing activities 218,109 (218,109) (462,335)
Financing activities      
Advances to shareholder and director (813,381) (1,550,282) (5,360,570)
Principal payment of finance lease liabilities (33,002) (40,235) (36,477)
Advances from directors 1,340,041
Proceeds from related party 895,584 935,107
Payment of offering costs (605,512) (896,708)
Proceeds from bank overdraft 27,068,182 14,178,849
Repayment of bank overdraft (27,411,893) (13,243,931)
Proceeds from bank loan 897,436
Repayment of bank loan (1,282,051) (220,459) (388,112)
Cash provided by/(used in) financing activities (1,284,637) 502,382 (5,785,159)
Net change in cash and cash equivalents 368,004 (2,202,823) 553,539
Cash and cash equivalents as of the beginning of the year 291,316 2,494,139 1,940,600
Cash and cash equivalents as of the end of the year 659,320 291,316 2,494,139
Supplemental Schedule of Non-Cash Investing and Financing Activities      
Cash paid for interest (98,026) (77,274) (60,899)
Cash paid for income tax (138,745) (1,963,045) (945,866)
Dividend declared offset against due from shareholder and director 5,993,590 8,282,051
Deferred offering costs within accruals and other current liabilities 99,615 600,000
Right-of-use assets obtained in exchange for new operating lease liabilities 603,434 49,442 2,729,907
Right-of-use assets obtained in exchange for new finance lease liabilities $ 172,170