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Loans (Tables) | 12 Months Ended
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Sep. 30, 2021
Loans |
Schedule of short-term and long-term loans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of |  | As of
​ | ​ | September 30, | ​ | September 30,
​ | ​ | 2021 | ​ | 2020
Short-term loans | ​ | ​ | ​ | ​ | ​ | ​
Zhejiang Mintai Commercial Bank (Hangzhou Branch) (1) | ​ | $ | 2,172,766 | ​ | ​ | —
Hangzhou United Rural Commercial Bank Co., Ltd. (2) | ​ | ​ | — | ​ | $ | 588,000
Total short-term loans | ​ |  | 2,172,766 | ​ |  | 588,000
​ | ​ | ​ | ​ | ​ | ​ | ​
Long-term loan | ​ | ​ | ​ | ​ | ​ | ​
China Resources Shenzhen Investment Trust Co., Ltd. (3) | ​ | ​ | 142,264 | ​ | ​ | —
Total short-term and long-term loans | ​ | $ | 2,315,030 | ​ | $ | 588,000
(1) | The loan in the amount of RMB 14 million (equivalent of approximately $2.17 million) from Zhejiang Mintai Commercial Bank (Hangzhou Branch), was facilitated on August 5, 2021 through Nongyuan, a subsidiary of the Company, as working capital for nine months, with the original maturity of July 5, 2022 at an annual effective interest rate of 7.056%.
The loan is guaranteed by Ci Ge Ma Holdings (Hangzhou) Co., Ltd., and Aijiang Wang and is secured by a real property owned by Xinyang Wang, the 100% shareholder of Nongyuan Network.
(2) | The loan in the amount of RMB 4 million (equivalent of approximately $0.59 million) from Hangzhou United Rural Commercial Bank Co., Ltd., was facilitated on November 13, 2019 through Farmmi Agricultural, a subsidiary of the Company, as working capital for one year, with the maturity date of November 12, 2020 at an annual effective interest rate of 6.09%. At maturity date, RMB 0.6 million (equivalent of approximately $88,200) was repaid, the remaining balance of RMB 3.4 million (equivalent of approximately $499,800) was extended to May 10, 2021 at an annual effective interest rate of 6.09%. This loan was fully repaid on May 8, 2021.
The loan was secured by an office property and land use right owned by Zhejiang Tantech Bamboo Technology Co., Ltd., a related party of the Company, of which valued at RMB6.85 million (equivalent of approximately $1 million). Note 8 — Loans (Continued)
(3) | The revolving loan in the amount of RMB 1 million (equivalent of approximately $155,198) from China Resources Shenzhen Investment Trust Co., Ltd., was facilitated on April 30, 2021 through Farmmi Food, a subsidiary of the Company, as working capital for two years, with the original maturity of April 28, 2023 at an annual effective interest rate of 10.8%. As of September 30, 2021, the outstanding amount of the revolving loan was RMB 0.9 million (approximately $142,264).
This revolving loan is guaranteed by a related party, Mr. Dehong Zhang, a legal representative of Farmmi Food.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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