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Combined and Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:      
Net loss $ (11,106) $ (10,549) $ (6,165)
Adjustments to reconcile net loss to net cash used in operating activities:      
Provision of expected credit losses 837 2,452 37
Depreciation and amortization 91 229 300
Amortization of operating lease right-of-use assets 216 171 145
Inventory write-downs 49
Losses from disposal of property, equipment and software 30
Investment income (78) (10)
Gain on lease early termination (29)
Changes in operating assets and liabilities:      
Accounts receivable (353) 320 625
Advance to suppliers 4,975 5,244 (4,141)
Inventories (2,285) (202) (483)
Amounts due from related parties 169 (154)
Prepaid expenses and other current asset, net (9,640) (533) (163)
Accounts payable 1,388 (1,078) (122)
Deferred revenues (2,651) (4,081) 1,853
Accrued expenses and other current liabilities 7,592 630 3,256
Payable to redeemable non-controlling interests 1,102 329  
Operating lease liabilities (197) (97) (29)
Amounts due to related parties (177) 67 3
Net cash used in operating activities (10,068) (7,281) (4,864)
Cash flows from investing activities:      
Purchase of property, equipment and software (61) (211)
Proceed from disposal of property and equipment 2
Loans to related parties (117) (82) (136)
Collection from loans to related parties 70 217 2,174
Net cash provided by/(used in) investing activities (108) 137 1,827
Cash flows from financing activities:      
Proceeds from borrowings from third parties 10,349 8,490 9,255
Repayments of borrowings to third parties (8,242) (8,656) (9,232)
Payment for deferred offering cost (377) (1,123)
Proceeds from borrowings from related parties 1,566 2,375
Repayment of borrowings to related parties (1,146) (2,683) (814)
Proceeds from capital contribution 8,846 1,568
Capital reduction of non-controlling interest (704)
Proceeds from issuance of mezzanine equity 3,815
Net proceeds from initial public offering 9,029
Net cash provided by financing activities 10,475 7,249 4,592
Effect of exchange rate changes on cash, cash equivalents and restricted cash 54 (56) (233)
Net increase in cash, cash equivalents and restricted cash: 353 49 1,322
Cash, cash equivalents and restricted cash at the beginning of period 2,120 2,071 749
Cash, cash equivalents and restricted cash at the end of the period 2,473 2,120 2,071
Supplemental disclosure of cash flow information:      
Income tax paid
Interest paid 394 606 581
Supplemental schedule of non-cash financing activities:      
Attribution of net loss to subsidiary’s mezzanine equity (153) (162) (98)
Accretion of mezzanine equity to redemption value 10,300 11,587 13,194
Debt offset between related parties (Note 20) 153 1,373
Conversion of redeemable principal interests into ordinary shares upon IPO 131,308
Right-of-use assets obtained in exchange for new operating lease liabilities $ 453 $ 172