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Condensed financial information of the parent company (Tables) | 12 Months Ended
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Sep. 30, 2024
Condensed financial information of the parent company |
Schedule of parent company's balance sheet |
|  | As of |  |  | As of |
|  | September 30, |  |  | September 30, |
|  | 2024 |  |  | 2023 |
Assets
Current assets |  |  |  |  |  |
Cash |  | $ | 463 |  |  | $ | 32,589 |
Other current assets |  |  | 128,998 |  |  |  | - |
Non-current assets |  |  |  |  |  |  |  |
Investment in subsidiaries |  |  | 97,308,651 |  |  |  | 103,950,542 |
Total assets |  | $ | 97,438,112 |  |  | $ | 103,983,131 |
Liabilities and Shareholders’ Equity
Current liabilities |  |  |  |  |  |  |  |
Due to a related party |  |  | 300,177 |  |  |  | 300,177 |
Accrued expenses and other current liabilities |  |  | 225,518 |  |  |  | 120,720 |
Total liabilities |  | $ | 525,695 |  |  | $ | 420,897 |
Commitments and contingencies |  |  |  |  |  |  |  |
Shareholders’ equity |  |  |  |  |  |  |  |
Class A ordinary share, no par value, unlimited number of shares authorized; 68,574,781 and 20,062,658 shares issued and outstanding as of September 30, 2023 and 2022, respectively |  |  | 104,486,710 |  |  |  | 101,922,676 |
Class B ordinary share, no par value, unlimited number of shares authorized; 3,020,969 shares issued and outstanding as of September 30, 2023 and 2022. |  |  | 4,231,055 |  |  |  | 4,231,055 |
Additional paid-in capital |  |  | 8,865,199 |  |  |  | 8,865,199 |
Statutory reserves |  |  | 14,990 |  |  |  | 526,217 |
Accumulated deficits |  |  | (16,741,427 | ) |  |  | (3,211,885 | )
Accumulated other comprehensive loss |  |  | (3,944,110 | ) |  |  | (8,771,028 | )
Total shareholders’ equity |  |  | 96,912,417 |  |  |  | 103,562,234 |
Total liabilities and shareholders’ equity |  | $ | 97,438,112 |  |  | $ | 103,983,131 |
Schedule of parent company's statements of income and comprehensive income |
|  | For the years ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
General and administrative expenses |  | $ | (8,006,889 | ) |  | $ | (3,202,589 | ) |  | $ | (218,663 | )
Equity in (loss) earnings of subsidiaries |  |  | (6,033,880 | ) |  |  | (2,423,151 | ) |  |  | 2,448,371 |
Net (loss) income |  | $ | (14,040,769 | ) |  | $ | (5,625,740 | ) |  |  | 2,229,708 |
Net (loss) income |  |  | (14,040,769 | ) |  |  | (5,625,740 | ) |  |  | 2,229,708 |
Foreign currency translation gain (loss) |  |  | 4,826,918 |  |  |  | (2,238,556 | ) |  |  | (6,655,036 | )
Comprehensive loss |  | $ | (9,213,851 | ) |  | $ | (7,864,296 | ) |  | $ | (4,425,328 | )
Schedule of parent company's statements of cash flows |
|  | For the years ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net (loss) income |  | $ | (14,040,769 | ) |  | $ | (5,625,740 | ) |  | $ | 2,229,708 |
Adjustments to reconcile net income to net cash used in operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for prepaid expenses and other current assets |  |  | 32,249 |  |  |  | - |  |  |  | - |
Interest expenses |  |  | 233,873 |  |  |  | - |  |  |  | - |
Amortization of debts issuance costs |  |  | - |  |  |  | 277,500 |  |  |  | - |
Issuance of ordinary shares for services |  |  | - |  |  |  | 1,100,000 |  |  |  | - |
Equity in loss (earnings) of subsidiaries |  |  | 6,033,880 |  |  |  | 2,423,151 |  |  |  | (2,448,371 | )
Prepaid expenses and other current assets |  |  | - |  |  |  | - |  |  |  | 92,000 |
Accrued expenses and other current liabilities |  |  | 104,799 |  |  |  | 278,521 |  |  |  | (202,001 | )
Net cash used in operating activities |  |  | (7,635,968 | ) |  |  | (1,546,568 | ) |  |  | (328,664 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Other receivables |  |  | 608,628 |  |  |  | (769,875 | ) |  |  | - |
Purchase of treasury shares |  |  | (430 | ) |  |  | - |  |  |  | - |
Investment in subsidiaries |  |  | 6,850,354 |  |  |  | (9,676,000 | ) |  |  | (3,211,899 | )
Net cash provided by (used in) investing activities |  |  | 7,458,552 |  |  |  | (10,445,875 | ) |  |  | (3,211,899 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Issuance of Ordinary Shares for private placement |  |  | - |  |  |  | - |  |  |  | 5,528,702 |
Proceeds from convertible notes |  |  | - |  |  |  | 3,000,000 |  |  |  | - |
Proceeds from warrants exercised |  |  | 145,290 |  |  |  | 8,945,433 |  |  |  | - |
Proceeds from related party loans |  |  | - |  |  |  | 63,500 |  |  |  | - |
Repayment of related party loans |  |  | - |  |  |  | - |  |  |  | (1,980,145 | )
Net cash provided by financing activities |  |  | 145,290 |  |  |  | 12,008,933 |  |  |  | 3,548,557 |
CHANGES IN CASH |  |  | (32,126 | ) |  |  | 16,490 |  |  |  | 7,994 |
CASH, beginning of year |  |  | 32,589 |  |  |  | 16,099 |  |  |  | 8,105 |
CASH, end of year |  | $ | 463 |  |  | $ | 32,589 |  |  | $ | 16,099 |

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