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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Sep. 30, 2020
CURRENT ASSETS:    
Cash and cash equivalent $ 10,467,357 $ 11,867,130
Restricted cash 2,140,016  
Accounts receivable, net 1,733,306 1,118,476
Bank acceptance notes receivable 11,722,096 11,498,075
Inventories, net 12,495,831 11,994,471
Advances to suppliers, net 1,380,925 491,827
Other current assets 425,622 547,443
TOTAL CURRENT ASSETS 40,365,153 37,517,422
Property and equipment, net 9,119,502 7,419,028
Intangible assets, net 1,927,933 1,881,722
Investment in available-for-sale securities 20,323,400  
Long term investment 639,466 540,517
Operating lease right of use assets 118,154 243,874
Deferred tax assets 427,120 361,250
Prepayments for property and equipment 2,243,622  
Other long term assets 188,913 179,325
TOTAL ASSETS 75,353,263 48,143,138
CURRENT LIABILITIES:    
Bank loans   7,349,375
Accounts payable 6,643,691 4,377,712
Advance from customers 2,467,296 3,511,198
Advance from customers - related parties 17,318 33,152
Bank notes payable 7,867,018  
Deferred government grants-current 351,567 384,802
Taxes payable 305,305 1,383,182
Operating lease liabilities, current 55,847 82,468
Accrued expenses and other payables 466,838 1,301,882
TOTAL CURRENT LIABILITIES 18,174,880 18,423,771
LONG TERM LIABILITIES    
Operating lease liabilities, noncurrent 106,180 155,723
Deferred government grants - noncurrent 403,745 722,137
TOTAL LIABILITIES 18,684,805 19,301,631
EQUITY:    
Ordinary Shares, $0.00166667 par value, 100,000,000 shares authorized, 35,750,000 and 30,000,000 Ordinary Shares issued and outstanding as of September 30, 2021 and September 30, 2020, respectively 59,583 50,000
Additional paid-in capital 36,390,931 12,252,077
Statutory Reserve 2,857,121 2,200,786
Retained earnings 14,693,905 12,197,372
Accumulated other comprehensive loss 857,066 (602,001)
Total shareholders' equity attributable to Qilian International 54,858,606 26,098,234
Noncontrolling interests 1,809,852 2,743,273
TOTAL EQUITY 56,668,458 28,841,507
TOTAL LIABILITIES AND EQUITY $ 75,353,263 $ 48,143,138