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Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Sep. 30, 2021
CURRENT ASSETS:    
Cash and cash equivalent $ 14,319,234 $ 10,467,357
Restricted cash 659,779 2,140,016
Accounts receivable, net 815,325 1,733,306
Bank acceptance notes receivable 2,585,886 11,722,096
Inventories, net 8,879,486 12,495,831
Advances to suppliers, net 1,215,105 1,380,925
Other current assets 1,559,174 425,622
TOTAL CURRENT ASSETS 30,033,989 40,365,153
Property and equipment, net 10,184,029 9,119,502
Intangible assets, net 1,726,928 1,927,933
Investment in available-for-sale securities 19,470,400 20,323,400
Long term investment 617,570 639,466
Operating lease right of use assets 86,584 118,154
Deferred tax assets 212,876 427,120
Prepayments for property and equipment 2,021,330 2,243,622
Other long term assets 172,911 188,913
TOTAL ASSETS 64,526,617 75,353,263
CURRENT LIABILITIES:    
Bank loans 140,578  
Accounts payable 5,289,481 6,643,691
Advance from customers 556,418 2,467,296
Advance from customers - related parties 0 17,318
Bank notes payable 1,531,649 7,867,018
Deferred government grants-current 121,542 351,567
Taxes payable 815,811 305,305
Operating lease liabilities, current 23,859 55,847
Accrued expenses and other payables 701,263 466,838
TOTAL CURRENT LIABILITIES 9,180,601 18,174,880
LONG TERM LIABILITIES    
Non-current operating lease liabilities 72,537 106,180
Deferred government grants - noncurrent 309,943 403,745
TOTAL LIABILITIES 9,563,081 18,684,805
EQUITY:    
Ordinary Shares, $0.00166667 par value, 100,000,000 shares authorized, 35,750,000 and 35,750,000 Ordinary Shares issued and outstanding as of September 30, 2022 and September 30, 2021 , respectively 59,583 59,583
Additional paid-in capital 36,410,931 36,390,931
Statutory Reserve 3,118,542 2,857,121
Retained earnings 15,509,177 14,693,905
Accumulated other comprehensive loss (2,046,091) 857,066
Total shareholders' equity attributable to Qilian International 53,052,142 54,858,606
Noncontrolling interests 1,911,394 1,809,852
TOTAL EQUITY 54,963,536 56,668,458
TOTAL LIABILITIES AND EQUITY $ 64,526,617 $ 75,353,263