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Condensed Financial Information of the Parent Company (Tables)
12 Months Ended
Sep. 30, 2022
Condensed Financial Information Disclosure [Abstract]  
Schedule of parent company balance sheets
   September 30,
2022
   September 30,
2021
 
Current assets        
Cash   28,917    110,393 
Short-term investments   13,148,594    13,725,204 
Total current assets   13,177,511    13,835,597 
           
Non-current assets          
Investment in subsidiaries   33,264,812    45,098,756 
           
Total assets   46,442,323    58,934,353 
           
LIABILITIES AND SHAREHOLDERS’ EQUITY          
           
LIABILITIES   
-
    
-
 
           
COMMITMENTS AND CONTINGENCIES   
 
    
 
 
           
SHAREHOLDERS’ EQUITY          
Ordinary shares, $0.003125 par value, 100,000,000 shares authorized, 21,750,000 shares issued and outstanding as of September 30, 2021 and 2020   67,969    67,969 
Additional paid-in capital   29,279,159    29,279,159 
Retained earnings   18,761,900    27,498,466 
Accumulated other comprehensive income   (1,666,705)   2,088,759 
Total shareholders’ equity   46,442,323    58,934,353 
           
Total liabilities and shareholders’ equity   46,442,323    58,934,353 

 

Schedule of parent company statements of income and comprehensive income
   For the Years Ended September 30, 
   2022   2021   2020 
Operating costs and expenses:            
General and administrative expenses  $(384,214)  $(1,177,869)  $
-
 
                
Other income (expenses):               
Income from short-term investments   (470,477)   239,549    
-
 
Other expenses   (420)   (60,751)   
-
 
                
Equity in earnings of subsidiaries   (7,881,455)   12,319,023    7,558,222 
                
Net income   (8,736,566)   11,319,952    7,558,222 
Foreign currency translation adjustments   (3,755,464)   1,193,369    860,623 
Comprehensive income attributable to the Company  $(12,492,030)  $12,513,321   $8,418,845 

 

Schedule of parent company statements of cash flows
   For the Years Ended September 30, 
   2022   2021   2020 
CASH FLOWS FROM OPERATING ACTIVITIES:            
Net income  $(8,736,566)  $11,319,952   $7,558,222 
Adjustments to reconcile net cash flows from operating activities:               
Equity in earnings of subsidiary   7,881,455    (12,319,027)   (7,558,222)
Short-term investment income   470,477           
Net cash used in operating activities   (384,634)   (999,075)   
-
 
                
CASH FLOWS FROM INVESTING ACTIVITIES:               
Payment for short-term investments   
-
    (15,330,660)   
-
 
Redemption of short-term investments   
-
    1,801,927    
-
 
Net cash used in investing activities   
-
    (13,528,733)   
-
 
                
CASH FLOWS FROM FINANCING ACTIVITIES:               
Net proceeds from issuance of ordinary shares in IPO   
-
    25,957,457    
-
 
Cash lent to subsidiaries   
-
    (11,358,764)   
-
 
Cash repayment from subsidiaries   303,746    
-
    
-
 
Net cash provided by financing activities   303,746    14,598,693    
-
 
                
EFFECT OF CHANGES OF FOREIGN EXCHANGE RATES ON CASH   (588)   39,508    
-
 
                
CHANGES IN CASH   (81,476)   110,393    
-
 
                
CASH, beginning of year   110,393    
-
    
-
 
                
CASH, end of year  $28,917   $110,393   $
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