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Segment Reporting
 12 Months Ended
Sep. 30, 2020
Disclosure of Segment Reporting [Abstract]  
SEGMENT REPORTING
16. SEGMENT REPORTING

The Company has determined that it operates in three operating segments: (1) Battery cells and packs segment, (2) Rental segment and (3) E-bicycle sales segment. The battery cells and packs segment engages in selling battery packs and trading battery cells. The rental segment provides e-bicycle and battery rental services. The e-bicycle sales segment sells e-bicycles on various e-commerce platforms to individual customers.


The Company’s CODM, chief executive officer, measures the performance of each segment based on metrics of revenue and profit before taxes from operations and uses these results to evaluate the performance of, and to allocate resources to each of the segments. As most of the Company’s long-lived assets are located in the PRC and most of the Company’s revenues are derived from the PRC, no geographical information is presented. The Company does not allocate assets to its segments as the CODM does not evaluate the performance of segments using asset information.


The following tables present the summary of each reportable segment’s revenue and income, which is considered as a segment operating performance measure, for the years ended September 30, 2018, 2019 and 2020:


   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%

The following table presents the reconciliation from reportable segment income to the consolidated income from continuing operations before income taxes for the years ended September 30, 2018, 2019 and 2020:


   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