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Concentrations
 12 Months Ended
Sep. 30, 2021
Risks and Uncertainties [Abstract]  
CONCENTRATIONS

18. CONCENTRATIONS

 

Concentrations of credit risk

 

As of September 30, 2020 and 2021, cash, cash equivalents and restricted cash balances in the PRC are $340,530 and $5,889,885, 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, 2020 and 2021.

 

  

As of
September 30,

2020

   As of
September 30,
2021		 
Customer  Amount   % of Total   Amount   % of Total 
A  $644,120    10%  $1,289,276    19%
B   
*
    
*
    1,253,742    18%
C   
*
    
*
    1,102,586    16%
D   
*
    
*
    1,083,605    16%
E   
*
    
*
    863,626    12%
F   2,390,789    36%   
*
    
*
 
Total  $3,034,909    46%  $5,592,835    81%

 

*Represented the percentage below 10%

 

The following table sets forth information as to each customer that accounted for 10% or more of total revenue for the fiscal years ended September 30, 2019, 2020 and 2021.

 

   Fiscal year ended
September 30,
2019		   Fiscal year ended
September 30,
2020		   Fiscal year ended
September 30,
2021		 
Customer  Amount   % of Total   Amount   % of Total   Amount   % of Total 
A  $
*
    
*
   $
*
    
*
   $3,062,302    13%
B   
*
    
*
    
 *
    
*
    2,230,798    10%
F   
 *
    
*
    4,065,411    24%   
*
    
*
 
G   1,158,818    22%   
 *
    
*
    
*
    
*
 
H   867,411    17%   
 *
    
*
    
*
    
*
 
I   642,683    12%   
 *
    
*
    
*
    
*
 
J   578,489    11%   
 *
    
*
    
*
    
*
 
Total  $3,247,401    62%  $4,065,411    24%  $5,293,100    23%

 

*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 fiscal years ended September 30, 2019, 2020 and 2021.

 

   Fiscal year ended
September 30,
2019		   Fiscal year ended
September 30,
2020		   Fiscal year ended
September 30,
2021		 
Supplier  Amount   % of Total   Amount   % of Total   Amount   % of Total 
A   
*
    
*
   $
*
    
*
   $3,485,941    16%
B   
*
    
*
    
*
    
*
    2,420,798    11%
C   504,889    63%   4,320,110    26%   
*
    
*
 
D   
*
    
*
    2,141,144    13%   
*
    
*
 
E   110,940    14%   
*
    
*
    
*
    
*
 
Total   615,829    77%  $6,461,254    39%  $5,906,739    27%

 

*Represented the percentage below 10%