XML 66 R11.htm IDEA: XBRL DOCUMENT
v3.21.4

Investments | 12 Months Ended
--- | ---
Sep. 30, 2021
Disclosure Text Block Supplement [Abstract] |
INVESTMENTS | 4. INVESTMENTS As of September 30, 2020 and 2021, investments consisted of the following:
|  | As of September 30, |
|  | 2020 |  |  | 2021 |
Short-term investments: |  |  |  |  |  |
Wealth management product(1) |  | $ | 1,472,841 |  |  | $ | 1,611,015 |
Convertible debt instrument(2) |  |  | 736,420 |  |  |  | 775,988 |
Total short-term investments |  | $ | 2,209,261 |  |  | $ | 2,387,003 |
Long-term investments |  |  | - |  |  |  | 132,621 |
Total investments |  | $ | 2,209,261 |  |  | $ | 2,519,624 |
| (1) | Wealth management product is deposits in a financial institution with variable interest rate and not-guaranteed principal. The wealth management product was bought on September 24, 2020, and carried at fair value. It had duration of 1.5 years, during which the Company could redeem the wealth management product at its discretion. For the fiscal years ended September 30, 2020 and 2021, there were no interest income or loss recognized in earnings. There were $nil and $58,461 unrealized gain from the changes in fair values recognized in accumulated other comprehensive income (loss) for the fiscal years ended September 30, 2020 and 2021 respectively.
| (2) | Convertible debt instrument was issued by a private company and redeemable at the Company’s option. The convertible debt instrument is due on June 12, 2021, has annual interest rate of 6% and carried at fair value. For the fiscal years ended September 30, 2020 and 2021, there were $nil and $43,493 interest income or loss recognized in earnings, respectively and no unrealized gain or loss from the changes in fair values recognized in accumulated other comprehensive income (loss).

X
- Definition The entire disclosure of the components of cash, cash equivalents, and short-term investments. Short-term investments may include current marketable securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_CashCashEquivalentsAndShortTermInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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