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ORGANIZATION AND DESCRIPTION OF BUSINESS (Tables)
6 Months Ended
Mar. 31, 2025
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net  
Schedule of identified assets acquired and liabilities assumed pursuant to the THE Company of AI Solutions and Insurance Business acquisition

The following summarizes the identified assets acquired and liabilities assumed pursuant to the THE Company of AI Solutions and Insurance Business acquisition as of December 27, 2024:

Items

    

Amount

Assets

 

  

Cash and cash equivalent

$

2,146,491

Accounts receivable, net

 

4,603,565

Other current assets

 

10,380,773

Property and equipment, net

 

157,626

Operating lease right of use assets

 

181,922

Deferred tax assets

 

174,138

Liabilities

 

  

Insurance premium payables

 

979,989

Accounts payable

 

4,039,426

Taxes payable

 

34,243

Operating lease liabilities, current

 

181,922

Accrued expenses and other payables

 

7,662,537

Total net assets

$

4,746,398

The following summarizes the identified assets acquired and liabilities assumed pursuant to the THE Company of AI Solutions and Insurance Business acquisition as of December 27, 2024:

Items

    

Amount

Assets

 

  

Cash and cash equivalent

$

2,146,491

Accounts receivable, net

 

4,603,565

Other current assets

 

10,380,773

Property and equipment, net

 

157,626

Operating lease right of use assets

 

181,922

Deferred tax assets

 

174,138

Liabilities

 

  

Insurance premium payables

 

979,989

Accounts payable

 

4,039,426

Taxes payable

 

34,243

Operating lease liabilities, current

 

181,922

Accrued expenses and other payables

 

7,662,537

Total net assets

$

4,746,398

Gansu QLS  
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net  
Schedule of subsidiaries

    

Ownership as of

Ownership as of

 

September 30,

September 30,

 

2024

    

2024

Moshangfa (Gansu) Fertilizer Industry Co., Ltd (formerly Jiuquan Qiming Biotechnology Co., Ltd, “Moshangfa”)

100

%  

100

%

Chengdu Qilianshan Biotechnology Co., Ltd (“Chengdu QLS”)

 

79.71

%  

79.51

%

Jiuquan Ahan Biotechnology Co., Ltd. (“Ahan”)

 

100

%  

100

%

Tibet Samen Trading Co., Ltd (“Samen”) (1)

 

%  

%

Tibet Cangmen Trading Co., Ltd (“Cangmen”)

 

100

%  

100

%

Rugao Tianlu Animal Products Co., Ltd (“Rugao”)

 

79.71

%  

79.51

%

Chongqing Shengfu Biological Technology Co., Ltd (“Chongqing”)

79.71

%  

79.51

%

(1)

Samen was dissolved in June 2023, the business of which continues via the operation of the Company’s other subsidiaries.