XML 142 R24.htm IDEA: XBRL DOCUMENT
v3.24.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2023
Summary of Significant Accounting Policies [Abstract] |
Schedule of Estimated Useful Lives | Estimated useful lives are as follows:
Category |  | Estimated useful lives
Office equipment |  | 3 years
Leasehold improvement |  | Shorter of lease terms and estimated useful lives
Schedule of Estimated Useful Lives Intangible Assets, Net | Estimated useful lives are as follows:
Category |  | Estimated useful lives
Licensed digital assets |  | 3-5 years
Schedule of Balance of Assets Measured at Fair Value on a Recurring Basis | The following table presents the balance of assets measured at fair value on a recurring basis:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
As of September 30, 2023 |  |  |  |  |  |  |  |  |
Short-term investments |  | $ | — |  |  | $ | 780,000 |  |  | $ | — |
Total |  | $ | — |  |  | $ | 780,000 |  |  | $ | — |
|  |  | Level 1 |  |  |  | Level 2 |  |  |  | Level 3 |
As of September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Short-term investments |  | $ | — |  |  | $ | — |  |  | $ | — |
Total |  | $ | — |  |  | $ | — |  |  | $ | — |
Schedule of Disaggregated Revenue | The following table summarized disaggregated revenue for the years ended September 30, 2023, 2022 and 2021:
|  | For the Years Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | US$ |  |  | US$ |  |  | US$ |
Category of Revenue |  |  |  |  |  |  |  |  |
Virtual technology service |  | $ | 15,382,324 |  |  | $ | 12,536,957 |  |  | $ | 6,722,143 |
Digital marketing |  |  | — |  |  |  | 632,070 |  |  |  | 6,191,046 |
Digital asset development and others |  |  | 11,507,587 |  |  |  | 4,019,266 |  |  |  | 1,354,995 |
|  | $ | 26,889,911 |  |  | $ | 17,188,293 |  |  | $ | 14,268,184 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |  |  |
Services transferred at a point in time |  | $ | 26,889,911 |  |  | $ | 16,556,223 |  |  | $ | 8,077,138 |
Services transferred over time |  |  | — |  |  |  | 632,070 |  |  |  | 6,191,046 |
|  | $ | 26,889,911 |  |  | $ | 17,188,293 |  |  | $ | 14,268,184 |
Revenue recognized on gross basis |  | $ | 26,889,911 |  |  | $ | 16,556,223 |  |  | $ | 14,268,184 |
Revenue recognized on net basis |  |  | — |  |  |  | 632,070 |  |  |  | — |
|  | $ | 26,886,911 |  |  | $ | 17,188,293 |  |  | $ | 14,268,184 |
Schedule of Unaudited Condensed Consolidated Financial Statements | The following table outlines the currency exchange rates that were used in preparing the consolidated financial statements:
|  | September 30, 2023 |  |  | September 30, 2022 |
Year-end spot rate |  |  | 7.2960 |  |  |  | 7.1135 |
|  | For the Years Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Average rate |  |  | 7.0553 |  |  |  | 6.5532 |  |  |  | 6.5072 |

X
- Definition The entire disclosure for condensed financial statements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_CondensedFinancialStatementsTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org//321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org//325/tableOfContent + Details
Name: | us-gaap_InvestmentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of public utility physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation expense and method used, including composite depreciation, and accumulated depreciation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 980 -SubTopic 20 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481834/980-20-45-1 + Details
Name: | us-gaap_ScheduleOfPublicUtilityPropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration