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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Sep. 30, 2024
CURRENT ASSETS:    
Cash $ 1,780,760 $ 808,915
Restricted cash 66,490 147,119
Accounts receivable, net 1,937,232 2,112,682
Inventories 375,230 5,840
Contract assets, net 4,686,136 3,270,627
Contract fulfilment costs, net 0 2,441,995
Advance to suppliers 42,753 81,823
Other receivables, net 151,408 201,652
Deferred IPO costs 861,698 843,099
TOTAL CURRENT ASSETS 9,901,707 9,913,752
Property and equipment, net 132,663 127,827
Right-of-use assets – operating leases 53,278 71,836
Restricted cash – non-current 128,157 201,280
Contract assets, net – non-current 1,013,309 1,000,672
Prepayments for fixed assets 600,596 124,953
Software, net 94,359 110,791
Deferred tax assets 301,890 271,482
TOTAL NON-CURRENT ASSETS 2,324,252 1,908,841
TOTAL ASSETS 12,225,959 11,822,593
CURRENT LIABILITIES:    
Short-term bank loans 2,487,357 1,859,610
Current portion of long-term loans 787,450
Operating lease liabilities – current 35,421 34,515
Contract liabilities 76,674 512,171
Accounts payable 1,849,268 1,865,458
Other payables and accrued liabilities 840,656 695,788
Due to shareholders 351,141 56,778
Taxes payable 1,647,183 1,802,390
TOTAL CURRENT LIABILITIES 8,075,150 6,826,710
NON-CURRENT LIABILITIES    
Long-term loans 177,176 569,995
Operating lease liabilities – non-current 19,841 41,425
TOTAL NON-CURRENT LIABILITIES 197,017 611,420
TOTAL LIABILITIES 8,272,167 7,438,130
SHAREHOLDERS’ EQUITY:    
Ordinary shares, $0.000001 par value, 49,000,000,000 shares authorized, 5,500,000 shares issued and outstanding as of March 31, 2025 and September 30, 2024, respectively* 6 6
Preference shares, $0.000001 par value, 1,000,000,000 shares authorized, no shares issued and outstanding as of March 31, 2025 and September 30, 2024, respectively*
Additional paid in capital 2,860,566 2,860,566
Statutory reserves 186,225 186,225
Accumulated profits 1,150,922 1,519,737
Accumulated other comprehensive loss (243,927) (182,071)
TOTAL SHAREHOLDERS’ EQUITY 3,953,792 4,384,463
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 12,225,959 $ 11,822,593