XML 26 R12.htm IDEA: XBRL DOCUMENT
v3.23.1

Cessation of the Mobile Application part of business and the consequential effects on the Balance Sheet | 12 Months Ended
--- | ---
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Cessation of the Mobile Application part of business and the consequential effects on the Balance Sheet |
6. | Cessation of the Mobile Application part of business and the consequential effects on the Balance Sheet
As indicated in Note 1, certain subsidiaries of the Company ceased its business associated with the mobile application for merchant transactions and related payments in the year ended September 30, 2018. As a result, all the related business assets as of September 30, 2018 have been fully provided for in these financial statements. There have been no movements in these assets since and the fully written down value of the assets remain unchanged. These assets are:
| (a) | Prepayments, deposits and other receivables:
Schedule of Other Prepayments, Deposits and Receivables
|  | December 31, 2021 |  |  |  | December 31, 2020 |  |  | September 30, 2020 |  |  | September 30, 2019 |
Prepayments to suppliers |  | $ | 567,934 |  |  | $ | 567,934 |  |  | $ | 567,934 |  |  |  | $ | 567,934 |
Rental and other deposits |  |  | 341,674 |  |  |  | 341,674 |  |  |  | 341,674 |  |  |  |  | 341,674 |
Employee advances and others |  |  | 32,240 |  |  |  | 32,240 |  |  |  | 32,240 |  |  |  |  | 32,240 |
Sub total |  |  | 941,848 |  |  |  | 941,848 |  |  |  | 941,848 |  |  |  |  | 941,848 |
Less: allowance for doubtful debts |  |  | (941,848 | ) |  |  | (941,848 | ) |  |  | (941,848 | ) |  |  |  | (941,848 | )
Prepayments, deposits and other receivable, net |  | $ | - |  |  | $ | - |  |  | $ | - |  |  |  | $ | - |
| (b) | Property and equipment, net
Schedule of Property and Equipment, Net
|  | December 31, 2021 |  |  |  | December 31, 2020 |  |  | September 30, 2020 |  |  | September 30, 2019 |
Electronic equipment |  | $ | 2,319,545 |  |  | $ | 2,319,545 |  |  | $ | 2,319,545 |  |  | $ | 2,319,545 |
Furniture and fixtures |  |  | 70,596 |  |  |  | 70,596 |  |  |  | 70,596 |  |  |  | 70,596 |
Leasehold improvements |  |  | 263,609 |  |  |  | 263,609 |  |  |  | 263,609 |  |  |  | 263,609 |
Total property and equipment |  |  | 2,653,750 |  |  |  | 2,653,750 |  |  |  | 2,653,750 |  |  |  | 2,653,750 |
Less: Accumulated depreciation and amortization |  |  | (2,653,750 | ) |  |  | (2,653,750 | ) |  |  | (2,653,750 | ) |  |  | (2,653,750 | )
Total property and equipment, net |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
MOXIAN (BVI) INC NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
| (c) | Intangible assets, net
Schedule of Intangible Assets
|  | December 31, 2021 |  |  |  | December 31, 2020 |  |  | September 30, 2020 |  |  | September 30, 2019 |
IP rights |  | $ | 1,410,335 |  |  | $ | 1,410,335 |  |  | $ | 1,410,355 |  |  | $ | 1,410,355 |
Other intangible assets |  |  | 394,883 |  |  |  | 394,883 |  |  |  | 394,883 |  |  |  | 394,883 |
Finite lived intangible assets gross |  |  | 1,805,218 |  |  |  | 1,805,218 |  |  | $ | 1,805,218 |  |  | $ | 1,805,218 |
Less: accumulated amortization |  |  | (1,805,218 | ) |  |  | (1,805,218 | ) |  |  | (1,805,218 | ) |  |  | (1,805,218 | )
Net intangible assets |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration