XML 49 R22.htm IDEA: XBRL DOCUMENT v3.22.1
Segment Reporting
 12 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 16 – SEGMENT REPORTING

 

ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products. Based on management’s assessment, the Company has determined that it has only one operating segment as defined by ASC 280.

 

The following table presents revenues by geographic areas for the years ended September 30, 2021,2020 and 2019, respectively. 

 

   September 30, 2021   September 30, 2020   September 30, 2019 
Top 5 International Markets:  Sales Amount (In USD)   As %
of Sales		   Sales Amount (In USD)   As %
of Sales		   Sales Amount (In USD)   As %
of Sales		 
China  $53,130,894    81.22%  $47,271,235    79.93%   47,606,489    72.66%
US   5,740,265    8.78%   2,996,803    5.07%   8,285,920    12.65%
India   4,191,611    6.41%   5,082,525    8.59%   3,795,089    5.79%
Australia   546,807    0.84%   1,327,488    2.24%   473,613    0.72%
Switzerland   514,951    0.79%   
-
    
-
%   
-
    
-
%
Other foreign countries   6,122,083    1.96%   2,459,227    4.17%   5,357,205    8.18%

 

Due to the nature of the Company’s products, it is impractical to disclose revenues generated from each product or each group of similar products. Also, as the Company’s long-lived assets are primarily located in the PRC, no geographical segments are presented.