v3.22.2.2
Related Party Transactions (Tables)
6 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
Schedule of nature of relationships with related parties
Name   Relationship with the Company
Taizhou Huadi Industrial Ltd. (“Taizhou Huadi”)   An entity 30% owned by Jueqin Wang
Huashang Micro Finance Co. (“Huashang”)   An entity 19% owned by the Company
Taizhou Huadi Material Technology Co.   An entity 100% owned by Yiyu Wang
Jueqin Wang   Principal shareholder of the Company
Di Wang   Principal shareholder of the Company
Huizhi Wang   Principal shareholder of the Company
Juelin Wang   Principal shareholder of the Company
Yiyu Wang   Immediate family member of majority shareholder of the Company
Bing Zhang   Principal shareholder of the Company

 

Schedule of net outstanding balances with related parties
Accounts  Name of related parties  March 31,
2022
   September 30,
2021
 
Receivables from related parties:             
Advances to suppliers  Taizhou Huadi Industrial Ltd.  $
-
   $5,550,504 
Accounts receivable  Taizhou Huadi Industrial Ltd.   
-
    1,438,303 
Accounts payable  Taizhou Huadi Industrial Ltd.   2,562,357    
-
 
Accounts payable  Taizhou Huadi Material Technology Co.   443,798    - 
Accounts receivable  Taizhou Huadi Material Technology Co.   -    2,543,394 
Liabilities to related parties:             
Due to related parties  Di Wang   (365,624)   (155,198)
Due to related parties  Jueqin Wang   (473,238)   (359,716)