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Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Sep. 30, 2019
Current assets:    
Cash and cash equivalents $ 322,598 $ 3,633,645
Restricted cash 17,932
Short-term investments 2,209,261
Accounts receivable, net 6,616,815 115,400
Notes receivable 1,664,310
Inventories 867,752 2,810,518
Advances to suppliers, net 2,701,460 6,862,696
Amount due from related parties, current 577,035 1,753,090
Prepaid expenses and other current assets, net 1,237,249 1,406,417
Current assets of discontinued operation 102,449 112,921
Total current assets 16,316,861 16,694,687
Property and equipment, net 3,109,045 2,163,857
Amount due from related parties, noncurrent 294,568 282,769
Deferred tax assets, net 97,324 30,637
Total assets 19,817,798 19,171,950
Current liabilities:    
Short-term borrowings 299,315 20,486
Accounts payable 303,305 39,765
Accrued expenses and other payables 3,756,657 1,117,166
Advances from customers 155,378 111,606
Income tax payable 748,003 559,188
Amount due to related parties 754,283 4,349,913
Current liabilities of discontinued operation 655,712 636,003
Total current liabilities 6,672,653 6,834,127
Long-term borrowings 6,838
Total liabilities 6,672,653 6,840,965
Commitments and contingencies
Equity    
Ordinary shares (par value of $0.001 per share; 100,000,000 shares authorized as of September 30, 2019 and 2020; 7,800,000 shares issued and outstanding as of September 30, 2019 and 2020, respectively) [1] 7,800 7,800
Subscription receivable (7,800) (7,800)
Receivables from a shareholder (4,737,521) (4,835,920)
Additional paid-in capital 12,078,058 12,078,058
Statutory reserve 212,842 187,973
Retained earnings 1,575,630 1,453,325
Accumulated other comprehensive loss (259,547) (656,657)
Total EZGO Technologies Ltd.’s shareholders’ equity 8,869,462 8,226,779
Non-controlling interests 4,275,683 4,104,206
Total Equity 13,145,145 12,330,985
Total liabilities and Equity $ 19,817,798 $ 19,171,950
[1] The shares and per share information are presented on a retroactive basis to reflect the corporate reorganization completed on November 8, 2019 and share reorganization by way of a sub-division and surrender of shares on September 8, 2020 (Note 14).