v3.26.3
Condensed Consolidated Statements of Cashflows (Unaudited) - USD ($)
 6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (9,204,390) $ 135,911
Adjustments to reconcile net loss (income) to cash provided by operating activities:    
Gain from disposal of subsidiary (57,813)
Loss from disposal of property, plant and equipment 44,095
Provision for credit losses 5,656,888
Impairment losses on advances to suppliers 1,920,508
Depreciation and amortization 790,724 617,343
Amortization of operating lease right-of-use assets 89,480 107,519
Share-based compensation 59,200 296,000
Amortization of deferred share-based compensation 1,106,968
Unrealized foreign currency exchange (loss) (79,848)
Changes in operating assets and liabilities:    
Accounts receivable 432,786 361,239
Inventories (308,528) 232,466
Advances to suppliers, net 3,485,897 9,964,799
Prepaid expenses and other current assets 1,241,265 4,758,681
Long-term other receivable (14,500,947)
Accounts payable 592,077 (1,219,138)
Operating lease liabilities (88,226) (128,902)
Taxes payable 143,255 (753,138)
Deferred revenue 56 (249,910)
Accrued expenses and other current liabilities 518,541 (3,837,742)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 6,422,783 (4,295,667)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditure on construction-in-progress (4,275,444)
Proceeds from disposal of property and equipment 6,095 4,395
Net cash disposed of on disposal of subsidiary (14,358)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (4,283,707) 4,395
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from issuance of Class A Ordinary shares 10,543,805
Proceeds from short-term loans 5,103,746 7,232,644
Proceeds from long-term loans 713,669
Repayment of short-term loans (5,460,580) (5,276,345)
Repayment of long-term loans (742,215) (124,467)
Proceeds (repayment) of borrowings from related parties 747,961 (53,393)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES 362,581 12,322,244
Effect of changes of foreign exchange rates on cash 414,020 205,876
Net increase in cash and restricted cash 2,915,677 8,236,848
Cash and restricted cash, beginning of period 6,265,978 657,205
Cash and restricted cash, end of period 9,181,655 8,894,053
Supplemental disclosure of cash flow information    
Cash paid for interest expenses 256,976 164,584
Cash paid for income taxes
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment additions through advances to suppliers and accounts payable 308,659
Right-of-use assets obtained in exchange for operating lease obligations 129,598
Acquisition of non-controlling interest settled through payable $ 7,137