XML 73 R24.htm IDEA: XBRL DOCUMENT
v3.20.4

Concentrations | 12 Months Ended
--- | ---
Sep. 30, 2020
Risks and Uncertainties [Abstract] |
CONCENTRATIONS |
17. | CONCENTRATIONS
Concentrations of Credit Risk As of September 30, 2019 and 2020, cash, cash equivalents and restricted cash balances in the PRC are $3,633,645 and $340,530, respectively, which were primarily deposited in financial institutions located in Mainland China, and each bank account is insured by the government authority with the maximum limit of RMB500,000 (equivalent to $70,692). To limit exposure to credit risk relating to deposits, the Company primarily place cash and cash equivalent deposits with large financial institutions in China which management believes are of high credit quality and management also continually monitors the financial institutions’ credit worthiness. Concentrations of Customers The following table sets forth information as to each customer that accounted for 10% or more of total accounts receivable as of September 30, 2019 and 2020.
|  | As of September 30, 2019 |  |  | As of September 30, 2020 |
Customer |  | Amount |  |  | % of Total |  |  | Amount |  |  | % of Total |
A |  | $ | - |  |  |  | - |  |  | $ | 2,390,789 |  |  |  | 36 | %
B |  |  | - |  |  |  | - |  |  |  | 644,120 |  |  |  | 10 | %
C |  |  | 44,961 |  |  |  | 39 | % |  |  | - |  |  |  | - |
D |  |  | 22,622 |  |  |  | 20 | % |  |  | - |  |  |  | - |
E |  |  | 15,396 |  |  |  | 13 | % |  |  | - |  |  |  | - |
Total |  | $ | 82,979 |  |  |  | 72 | % |  | $ | 3,034,909 |  |  |  | 46 | %
The following table sets forth information as to each customer that accounted for 10% or more of total revenue for the years ended September 30, 2018, 2019 and 2020.
|  | Year ended September 30, 2018 |  |  | Year ended September 30, 2019 |  |  | Year ended September 30, 2020 |
Customer |  | Amount |  |  | % of Total |  |  | Amount |  |  | % of Total |  |  | Amount |  |  | % of Total |
A |  | $ | - |  |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | 4,065,411 |  |  |  | 24 | %
F |  |  | 785,192 |  |  |  | 25 | % |  |  | 1,158,818 |  |  |  | 22 | % |  |  | - |  |  |  | - |
G |  |  | 1,245,723 |  |  |  | 39 | % |  |  | 867,411 |  |  |  | 17 | % |  |  | - |  |  |  | - |
D |  |  | - |  |  |  | * |  |  |  | 642,683 |  |  |  | 12 | % |  |  | - |  |  |  | - |
H |  |  | - |  |  |  | * |  |  |  | 578,489 |  |  |  | 11 | % |  |  | - |  |  |  | - |
Total |  | $ | 2,030,915 |  |  |  | 64 | % |  | $ | 3,247,401 |  |  |  | 62 | % |  | $ | 4,065,411 |  |  |  | 24 | %
| * | represented the percentage below 10%
The following table sets forth information as to each supplier that accounted for 10% or more of total purchase for the years ended September 30, 2018, 2019 and 2020.
|  | Year ended September 30, 2018 |  |  | Year ended September 30, 2019 |  |  | Year ended September 30, 2020 |
Supplier |  | Amount |  |  | % of Total |  |  | Amount |  |  | % of Total |  |  | Amount |  |  | % of Total |
A |  | $ | - |  |  |  | - |  |  | $ | 504,889 |  |  |  | 63 | % |  | $ | 4,320,110 |  |  |  | 26 | %
B |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,141,144 |  |  |  | 13 | %
C |  |  | - |  |  |  | - |  |  |  | 110,940 |  |  |  | 14 | % |  |  | - |  |  |  | - |
D |  |  | 533,366 |  |  |  | 66 | % |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  | $ | 533,366 |  |  |  | 66 | % |  | $ | 615,829 |  |  |  | 77 | % |  | $ | 6,461,254 |  |  |  | 39 | %

X
- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI http://asc.fasb.org/topic&trid=2134479 + Details
Name: | us-gaap_ConcentrationRiskDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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