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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:      
Net income $ 2,557,045 $ 3,356,299 $ 5,446,487
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 735,333 723,586 617,634
Amortization 32,349 30,048 30,617
Bad debt expense reverse (153,676)
Deferred tax benefits (expenses) (89,000) 296,163
Loss (gain) on disposal of fixed assets 1,767 (654,138) 19,051
Changes in operating assets and liabilities:      
Accounts receivable (8,823,928) (260,202) 996,761
Notes receivable (1,987,871) (10,332) 2,606,326
Inventories (756,588) (1,987,737) 3,566,204
Advances to suppliers (2,727,661) 366,087 1,387,753
Advances to suppliers – related party 78,283 180,333 (5,459,669)
Other receivables 2,006,975 3,303,687 (838,251)
Accounts payable (238,638) 650,988 (13,033)
Accrued expenses and other current liabilities 372,155 (387,358) 843,625
Notes payable 707,021 (2,301,375) (3,795,141)
Advances from customers 3,040,106 222,805 (4,257,789)
Tax payable (402,478) (28,401) 899,869
Net cash provided by operating activities (5,648,806) 3,204,290 2,346,607
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment (917,539) (664,996) (912,702)
Proceeds from disposition of property, plant and equipment 20,285 724,782  
Net cash provided by (used in) investing activities (897,254) 59,786 (912,702)
Cash Flows from Financing Activities:      
Proceeds from short-term borrowings 35,820,322 38,620,077 39,715,044
Repayments on short-term borrowings (35,265,552) (40,488,791) (46,605,766)
Proceeds from stock offering, net of offering costs 21,680,341
Advances from related parties 6,223,875 3,068,965 7,926,927
Repayments to related parties (7,182,813) (5,889,557) (4,526,092)
Net cash provided by (used in) financing activities 21,276,173 (4,689,306) (3,489,887)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 219,398 113,762 (125,041)
Net increase (decrease) in cash and cash equivalents and restricted cash 14,949,511 (1,311,468) (2,181,023)
Cash and cash equivalents and restricted cash at the beginning of year 1,705,204 3,016,672 5,197,695
Cash and cash equivalents and restricted cash at the end of year 16,654,715 1,705,204 3,016,672
Supplemental disclosures of cash flows information:      
Cash paid for income taxes 480,495 135,262 202,702
Cash paid for interest $ 1,550,082 $ 1,951,622 $ 2,258,101