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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Sep. 30, 2024
CURRENT ASSETS:    
Cash and cash equivalent $ 9,651,606 $ 9,817,254
Restricted Cash 113  
Accounts receivable, net 5,522,883 1,543,160
Bank acceptance notes receivable 2,262,189 3,337,137
Inventories, net 8,848,748 5,049,688
Prepayment to suppliers, net 2,718,998 803,924
Investment in trading securities 4,890,180 8,323,587
Other current assets 9,047,830 894,460
TOTAL CURRENT ASSETS 42,942,547 29,769,210
Restricted Cash 1,044,830  
Property, plant and equipment, net 10,629,337 8,610,279
Construction in progress 3,876,466 5,640,063
Intangible assets, net 4,585,984 4,539,347
Goodwill 135,244,924  
Long term investment 3,153,706 3,359,786
Operating lease right of use assets 179,785  
Deferred tax assets 5,045,298 424,474
Prepayments for property and equipment 644,854 660,569
Other long term assets 45,718  
TOTAL ASSETS 207,393,449 53,003,728
CURRENT LIABILITIES:    
Bank loans 1,602,073  
Insurance premium payables 1,206,962  
Accounts payable 8,426,402 4,125,597
Contract liabilities 3,471,007 489,784
Deferred government grants-current 120,113 78,718
Taxes payable 475,498 315,328
Operating lease liability 101,814  
Due to related party $ 694,015 $ 2,851,526
Other Liability, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Accrued expenses and other payables $ 7,487,950 $ 915,032
TOTAL CURRENT LIABILITIES 23,585,834 8,775,985
LONG TERM LIABILITIES    
Operating lease liability 78,759  
Deferred government grants - noncurrent 237,869 134,394
TOTAL LIABILITIES 23,902,462 8,910,379
Commitments and contingencies
SHAREHOLDERS' EQUITY:    
Ordinary Shares, $0.00833335 par value, 5,030,000,000 and 100,000,000 shares authorized, an aggregate of 98,294,641 and 7,226,480 ordinary shares, consisting of 78,294,641and 7,226,480 Class A ordinary shares, par value US$0.00833335 per share, and 20,000,000 Class B ordinary shares, par value US$0.00833335 per share, as of March 31, 2025 and September 30, 2024 respectively [1] 818,486 59,583
Additional paid-in capital 176,643,350 36,410,931
Statutory Reserve 3,266,081 3,266,081
Retained earnings 3,488,157 4,349,377
Accumulated other comprehensive loss (2,093,282) (1,342,128)
Total shareholders' equity attributable to BGM Group Ltd 182,122,792 42,743,844
Noncontrolling interests 1,368,195 1,349,505
TOTAL SHAREHOLDERS' EQUITY 183,490,987 44,093,349
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 207,393,449 $ 53,003,728
[1] The shares and per share data are presented on a retroactive basis to reflect the Company’s Share Consolidation.