XML 54 R44.htm IDEA: XBRL DOCUMENT v3.24.0.1
Schedule of Losses per share (Details) - USD ($)
 3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
LOSSES PER SHARE    
Net loss attributable to INNO HOLDINGS INC. $ (801,518) $ (841,005)
Weighted-average shares used in computing basic losses per share [1],[2] 18,604,987 17,988,634
Weighted-average shares used in computing diluted losses per share [1],[2] 18,604,987 17,988,634
Losses per share of ordinary shares - basic $ (0.04) $ (0.05)
Losses per share of ordinary shares - diluted $ (0.04) $ (0.05)
[1] On January 21, 2022, the sole owner of the Company and Inno Metal Studs Corp. (“IMSC”), Mr. Dekui Liu, entered into an agreement to sell 100% of his ownership in IMSC for 15,170,000 shares of the Company’s common stock (the “Transaction”). Under ASC 805-40 and ASC 805-50, the Transaction was considered as a reverse acquisition between entities under common control. Accordingly, the outstanding shares of common stock upon completion of the Transaction was presented retroactively as outstanding for all reporting periods.
[2] On November 30, 2022, the Company implemented a 2-for-1 forward split of the issued and outstanding shares of Common Stock of the Company. Further on July 24, 2023, the Company effected a reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding shares of the common stock at a split ratio of 1-for-2 such that every holder of common stock of the Company shall receive one share of common stock for every two shares of common stock held and to reduce the number of authorized shares of common stock from 200,000,000 to 100,000,000. The computation of basic and diluted EPS was retroactively adjusted for all periods presented.