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Income Taxes (Tables)

12 Months Ended

Sep. 30, 2021

Income Tax Disclosure [Abstract]

Schedule of components of the income tax provision from continuing operations

		For the years ended September 30,
		2019				2020				2021
Current		$	126,267			$	160,540			$	68,650
Deferred			147,660				(44,477	)			(488,055	)
Total income tax expense (benefit)		$	273,927			$	116,063			$	(419,405	)

Schedule of reconciliations of the statutory income tax rate and the company’s effective income tax rate

		For the years ended September 30,
		2019				2020				2021
Net income (loss) before provision for income taxes		$	1,041,063			$	450,361			$	(3,796,645	)
PRC statutory tax rate			25	%			25	%			25	%
Income tax at statutory tax rate			260,266				112,590				(949,161	)
Expenses not deductible for tax purpose			2,194				3,492				6,856
Effect of income tax rate differences in jurisdictions other than the PRC			-				-				123,889
Effect on valuation allowance			11,467				(19	)			399,011
Income tax expense (benefit)		$	273,927			$	116,063			$	(419,405	)
Effective tax rates			26	%			26	%			11	%

Schedule of deferred tax asset and liability

		As of September 30,
		2020				2021
Deferred tax assets:
Tax loss carry forwards		$	101,848			$	951,323
Bad debt allowance			-				236
Reserve of inventory			-				26,757
Advertising expense			7,061				23,995
Less: valuation allowance			(11,585	)			(416,883	)
Deferred tax assets, net		$	97,324			$	585,428

Schedule of valuation allowance provision for deferred tax assets

		For the fiscal years ended September 30,
		2019				2020				2021
Balance as of October 1,		$	-			$	11,138			$	11,585
Current year addition (reduction)			11,467				(19	)			399,011
Exchange rate effect			(329	)			466				6,287
Balance as of September 30,		$	11,138			$	11,585			$	416,883

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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