v3.22.2.2
Consolidated Statements of Cash Flows ((Unaudited) - USD ($)
 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Statement of Cash Flows [Abstract]    
Net income $ (9,150) $ 642,331
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 406,686 344,842
Amortization 16,525 16,063
Legal penalty expense 186,593
Changes in operating assets and liabilities:    
Accounts receivable 8,569,502 433,849
Notes receivable (218,774) (1,342,240)
Inventories (4,164,221) (2,021,534)
Advances to suppliers 1,642,268 (649,082)
Advances to suppliers – related party 5,614,990 954,254
Other receivables (215,706) 1,841,699
Accounts payable (926,681) (622,831)
Accounts payable – related party 2,991,949
Accrued expenses and other current liabilities (236,889) (55,948)
Notes payable (1,868,422) 213,656
Advances from customers (1,630,301) 683,445
Tax payable (60,726) (436,504)
Net cash provided by operating activities 10,097,643 2,000
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (71,552) (578,739)
Proceeds from disposition of property, plant and equipment 21,899
Acquisition of CIP (110,220) (73,618)
Acquisition of intangible asset (1,144,714)
Net cash used in investing activities (181,772) (1,775,172)
Cash Flows from Financing Activities:    
Proceeds from short-term borrowings 17,872,955 19,050,453
Repayments on short-term borrowings (34,246,554) (19,050,453)
Proceeds from long-term borrowings 7,253,430
Proceeds from stock offering, net of offering costs 21,680,341
Advances from related parties 314,001 3,891,585
Repayments to related parties (4,843,879)
Net cash (used in) provided by financing activities (8,806,168) 20,728,047
Effect of exchange rate changes on cash and cash equivalents and restricted cash 92,204 663
Net increase in cash and cash equivalents and restricted cash 1,201,907 18,955,537
Cash and cash equivalents and restricted cash at the beginning of year 16,654,715 1,705,204
Cash and cash equivalents and restricted cash at the end of year 17,856,622 20,660,741
Reconciliation of cash, cash equivalents and restricted cash to the Consolidated Balance Sheet    
Cash and cash equivalents 16,848,069 19,713,319
Restricted cash 1,008,553 947,422
Cash and cash equivalents at the end of year 17,856,622 20,660,741
Supplemental disclosures of cash flows information:    
Cash paid for income taxes 278,733
Cash paid for interest $ 642,540 $ 745,813