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LONG-TERM INVESTMENT (Tables)

12 Months Ended

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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- References

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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

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