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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:    
Net (loss)/income $ (430,275) $ 180,024
Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities:    
Share-based compensation 23,935 38,800
Depreciation and amortization 77,530 73,384
Bad debt expense 13,109 393
Change in fair value of earnout consideration (40,000) 0
Changes in operating assets and liabilities:    
Accounts receivable (993,522) (27,719)
Inventories (337,849) (909,577)
Prepaid expenses and other current assets 23,262 (69,577)
Other assets 0 0
Accounts payable and due to Forward China 2,070,341 1,143,407
Deferred income (104,290) 565,183
Net changes in operating lease liabilities 8,416 10,544
Accrued expenses and other current liabilities (459,262) 133,022
Net cash (used in)/provided by operating activities (148,605) 1,137,884
Investing Activities:    
Purchases of property and equipment (45,111) (66,024)
Net cash used in investing activities (45,111) (66,024)
Financing Activities:    
Repayment of note payable to Forward China (50,000) (50,000)
Net cash used in financing activities (50,000) (50,000)
Net (decrease)/increase in cash (243,716) 1,021,860
Cash at beginning of period 2,575,522 1,410,365
Cash at end of period 2,331,806 2,432,225
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 27,958 32,828
Supplemental Disclosures of Non-Cash Information:    
Operating lease assets obtained in exchange for operating lease liabilities $ 0 $ 204,881