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v3.20.4

Segment Reporting (Tables) | 12 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of each reportable segment’s revenue and income |
|  | Year ended September 30, 2018 |
|  | Battery cells and packs segment |  |  | Rental segment |  |  | E-bicycle sales segment |  |  | Total segments |  |  | Unallocated |  |  | Consolidated |
Revenues from external customers |  | $ | 550,381 |  |  | $ | 2,641,179 |  |  | $ | - |  |  | $ | 3,191,560 |  |  | $ | - |  |  | $ | 3,191,560 |
Depreciation and amortization |  | $ | - |  |  | $ | (598,498 | ) |  | $ | - |  |  | $ | (598,498 | ) |  | $ | (547 | ) |  | $ | (599,045 | )
Segment income before tax |  | $ | 105,045 |  |  | $ | 1,390,232 |  |  | $ | - |  |  | $ | 1,495,277 |  |  | $ | (371,600 | ) |  | $ | 1,123,677 |
Segment gross profit margin |  |  | 16 | % |  |  | 54 | % |  |  | - |  |  |  | 48 | % |  |  | - |  |  |  | 48 | %
|  | Year ended September 30, 2019 |
|  | Battery cells and packs segment |  |  | Rental segment |  |  | E-bicycle sales segment |  |  | Total segments |  |  | Unallocated |  |  | Consolidated |
Revenues from external customers |  | $ | 1,253,569 |  |  | $ | 3,823,058 |  |  | $ | 104,080 |  |  | $ | 5,180,707 |  |  | $ | 13,552 |  |  | $ | 5,194,259 |
Depreciation and amortization |  | $ | - |  |  | $ | (940,434 | ) |  | $ | (424 | ) |  | $ | (940,858 | ) |  | $ | (3,178 | ) |  | $ | (944,036 | )
Segment income before tax |  | $ | 1,119,568 |  |  | $ | 1,612,434 |  |  | $ | 32,994 |  |  | $ | 2,764,996 |  |  | $ | (111,499 | ) |  | $ | 2,653,497 |
Segment gross profit margin |  |  | 96 | % |  |  | 52 | % |  |  | (2 | )% |  |  | 61 | % |  |  | 39 | % |  |  | 61 | %
|  | Year ended September 30, 2020 |
|  | Battery cells and packs segment |  |  | Rental segment |  |  | E-bicycle sales segment |  |  | Total segments |  |  | Unallocated |  |  | Consolidated |
Revenues from external customers |  | $ | 3,148,156 |  |  | $ | 1,595,226 |  |  | $ | 11,165,290 |  |  | $ | 15,908,672 |  |  | $ | 929,836 |  |  | $ | 16,838,508 |
Depreciation and amortization |  | $ | (2,318 | ) |  | $ | (933,176 | ) |  | $ | (82,896 | ) |  | $ | (1,018,390 | ) |  | $ | (466 | ) |  | $ | (1,018,856 | )
Segment income (loss) before tax |  | $ | 251,732 |  |  | $ | (76,292 | ) |  | $ | 169,452 |  |  | $ | 344,892 |  |  | $ | 29,178 |  |  | $ | 374,070 |
Segment gross profit margin |  |  | 15 | % |  |  | 15 | % |  |  | 9 | % |  |  | 11 | % |  |  | 10 | % |  |  | 11 | %
Schedule of reconciliation from reportable segment income |
|  | For the years ended September 30, |
|  | 2018 |  |  | 2019 |  |  | 2020 |
Net revenues |  |  |  |  |  |  |  |  |
Total revenues from reportable segments |  | $ | 3,191,560 |  |  | $ | 5,180,707 |  |  | $ | 15,908,672 |
Other revenues |  |  | - |  |  |  | 13,552 |  |  |  | 929,836 |
Consolidated net revenues |  | $ | 3,191,560 |  |  | $ | 5,194,259 |  |  | $ | 16,838,508 |
Income or loss |  |  |  |  |  |  |  |  |  |  |  |
Total operating income (loss) for reportable segments |  | $ | 1,475,016 |  |  | $ | 2,621,118 |  |  | $ | (9,185 | )
Other income for reportable segments |  |  | 20,261 |  |  |  | 143,878 |  |  |  | 354,077 |
Total income for reportable segments |  |  | 1,495,277 |  |  |  | 2,764,996 |  |  |  | 344,892 |
Unallocated amounts: |  |  |  |  |  |  |  |  |  |  |  |
Other corporate (expense) gain |  |  | (371,600 | ) |  |  | (111,499 | ) |  |  | 29,178 |
Consolidated income from continuing operations before income taxes |  | $ | 1,123,677 |  |  | $ | 2,653,497 |  |  | $ | 374,070 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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