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Condensed Financial Information of the Parent Company | 12 Months Ended
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Sep. 30, 2024
Condensed Financial Information of the Parent Company [Abstract] |
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY | 23. CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY Regulation S-X requires the condensed financial information of a registrant shall be filed when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. For purposes of the above test, restricted net assets of consolidated-subsidiaries shall mean the amount of the registrant’s proportionate share of net assets of consolidated subsidiaries (after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries in the form of loans, advances or cash dividends without the consent of a third party. The condensed parent company financial statements have been prepared in accordance with Rule 12-04. Schedule of Regulation S-X as the restricted net assets of the Company’s PRC subsidiary exceed 25% of the consolidated net assets of the Company. The Company performed a test on the restricted net assets of consolidated subsidiary in accordance with U.S. Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), “General Notes to Financial Statements” and concluded that it was applicable for the Company to disclose the financial statements for the parent company. The condensed financial information of the parent company, Linkage Cayman, has been prepared using the same accounting policies as set out in Company’s consolidated financial statements except that the parent company has used the equity method to account for its investment in its subsidiaries. The Company’s share of income and losses from its subsidiaries is reported as incomes from subsidiaries in the accompanying condensed financial information of parent company. The Company is incorporated in the Cayman Islands. Under the current laws of the Cayman Islands. The Company is not subject to income or capital gains taxes. In addition, dividend payments are not subject to withholdings tax in the Cayman Islands. Condensed balance sheets
|  | As of September 30, |
|  | 2024 |  |  | 2023 |
|  | US$ |  |  | US$ |
Assets |  |  |  |  |  |
Current assets |  |  |  |  |  |
Cash |  |  | 250,728 |  |  |  | 64 |
Deferred offering costs |  |  | - |  |  |  | 47,580 |
Amount due from subsidiaries |  |  | 6,091,355 |  |  |  | 3,521,756 |
Prepaid expenses and other current asset, net |  |  | 1,487,778 |  |  |  | - |
Loan to third party |  |  | 160,000 |  |  |  | - |
Total current assets |  |  | 7,989,861 |  |  |  | 3,569,400 |
Total assets |  |  | 7,989,861 |  |  |  | 3,569,400 |
Liabilities |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accrued expenses and other current liabilities |  |  | - |  |  |  | 72,276 |
Convertible bonds |  |  | 964,865 |  |  |  | - |
Amounts due to related parties |  |  | 212 |  |  |  | 211 |
Total current liabilities |  |  | 965,077 |  |  |  | 72,487 |
Total liabilities |  |  | 965,077 |  |  |  | 72,487 |
Shareholders’ equity |  |  |  |  |  |  |  |
Ordinary shares (par value of US$0.00025 per share; 200,000,000 ordinary shares authorized as of September 30, 2024 and September 30, 2023, respectively; 21,500,000 and 20,000,000 ordinary shares issued and outstanding as of September 30, 2024 and 2023, respectively)* |  |  | 5,375 |  |  |  | 5,000 |
Additional paid in capital |  |  | 5,591,596 |  |  |  | 1,549,913 |
Statutory reserve |  |  | 11,348 |  |  |  | 11,348 |
Retained earnings |  |  | 1,613,217 |  |  |  | 2,052,553 |
Accumulated other comprehensive (loss) |  |  | (196,752 | ) |  |  | (121,901 | )
Total shareholders’ equity |  |  | 7,024,784 |  |  |  | 3,496,913 |
Total liabilities and shareholders’ equity |  | $ | 7,989,861 |  |  | $ | 3,569,400 |
Condensed statements of operations and comprehensive loss
|  | For the years ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | US$ |  |  | US$ |  |  | US$ |
Income/(loss) before income taxes |  |  | 150,344 |  |  |  | (716,678 | ) |  |  | 1,452,333 |
Income tax (provision)/benefit |  |  | (589,680 | ) |  |  | 63,950 |  |  |  | (385,958 | )
Net (loss)/income |  |  | (439,336 | ) |  |  | (652,728 | ) |  |  | 1,066,375 |
Other comprehensive (loss)/income: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation difference |  |  | (74,851 | ) |  |  | (15,524 | ) |  |  | (57,722 | )
Total comprehensive (loss)/income |  |  | (514,187 | ) |  |  | (668,252 | ) |  |  | 1,008,653 |
Condensed statements of cash flows
|  | For the years ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | US$ |  |  | US$ |  |  | US$ |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net (loss)/income |  |  | (439,336 | ) |  |  | (652,728 | ) |  |  | 1,066,375 |
Adjustments to reconcile net (loss)/income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in (income)/loss of subsidiaries |  |  | (129,598 | ) |  |  | 652,792 |  |  |  | (1,066,375 | )
Prepaid expenses and other current asset, net |  |  | (1,487,778 | ) |  |  | - |  |  |  | - |
Net cash (used in)/provided by operating activities |  |  | (2,056,712 | ) |  |  | 64 |  |  |  | - |
Loan to third party |  |  | (160,000 | ) |  |  | - |  |  |  | - |
Net cash provided by investing activities |  |  | (160,000 | ) |  |  | - |  |  |  | - |
Loan to subsidiaries |  |  | (3,888,998 | ) |  |  | - |  |  |  | - |
Proceeds from issuance of Class A ordinary shares upon the completion of IPO |  |  | 5,356,417 |  |  |  | - |  |  |  | - |
Proceeds from Convertible bonds |  |  | 999,957 |  |  |  | - |  |  |  | - |
Net cash provided by financing activities |  |  | 2,467,376 |  |  |  | - |  |  |  | - |
Net increase/decrease in cash |  |  | 250,664 |  |  |  | 64 |  |  |  | - |
Cash at beginning of year |  |  | 64 |  |  |  | - |  |  |  | - |
Cash at end of year |  |  | 250,728 |  |  |  | 64 |  |  |  | - |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 3: 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 Reference 4: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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