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LONG-TERM INVESTMENT (Tables) | 12 Months Ended
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Sep. 30, 2020
LONG-TERM INVESTMENT |
Schedule of equity method investment | Equity method investment consisted of the following:
|  | As of |  | As of
|  | September 30, 2020 |  | September 30, 2019
Equity method investment: |  |  |  |  |  |
Cost of equity method investment |  |  | 485,059 |  |  | 462,295
Profit (loss) from equity method investment |  |  | 112,538 |  |  | 77,385
Dividend Distribution received |  |  | (57,080) |  |  | —
Total long-term investment |  | $ | 540,517 |  | $ | 539,680

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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