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Related Party Transactions and Balances
 12 Months Ended
Sep. 30, 2023
Related Party Transactions and Balances [Abstract]  
RELATED PARTY TRANSACTIONS AND BALANCES

NOTE 10 — RELATED PARTY TRANSACTIONS AND BALANCES

 

Nature of relationships with related parties:

 

Name   Relationship with the Company
Mr. Jianru Yang   Business Development Director of the Company
Mr. Yuchao Lu   Directly hold a 5.05% equity interest in the Company
Ms. Yang Li   Finance Controller of the Company
Lianyungang Zongteng Film Studio   Controlled by Mr. Yuchao Lu
Moxing Shangxing (Beijing) Technology Co., Ltd   Controlled by Mr. Jianru Yang
Mofy Filming (Hainan) Co., Ltd. (“Mofy Hainan”)   Ms. Yang li is the Finance Controller of Mofy Hainan

 

Transactions with related parties

 

   For the Years Ended
September 30,		 
   2023   2022 
   US$   US$ 
Revenue earned from related parties        
Mofy Filming (Hainan) Co., Ltd.  $
—
   $1,439,596 
Moxing Shangxing (Beijing) Technology Co., Ltd(a)   
—
    1,208,397 
   $
—
   $2,647,993 
Service fees charged by related party          
Lianyungang Zongteng Film Studio  $
—
   $10,808 

 

Balances with related parties

 

As of September 30, 2023 and 2022, the balances with related parties were as follows:

 

   As of
September 30,		 
   2023   2022 
   US$   US$ 
Accounts receivable – related party        
Moxing Shangxing (Beijing) Technology Co., Ltd  $
—
   $298,587 
           
Due from related party          
Moxing Shangxing (Beijing) Technology Co., Ltd(a)  $
—
   $182,751 

 

(a)As of September 30, 2022, the balance of $182,751 (or RMB1,300,000) represented the interest-free loan lend to Moxing Shangxing (Beijing) Technology Co., Ltd. for the working capital purpose, with the maturity date due on August 24, 2023. The loan was fully collected in December 2022.