v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,608,963) $ (441,188)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 291,695 93,685
Gain on disposal of property, plant and equipment (2,030)
Loss on company owned life insurance policies 461 500
Non-cash lease expense 161,024 165,798
Deferred income taxes 70,051 120,669
Changes in operating assets and liabilities:    
Accounts receivable (280,810) (3,069)
Income tax recoverable 37,406 594,209
Prepaid expenses 25,671 (34,724)
Inventories 10,969 481,747
Other current assets (385,383) 414,071
Long-term prepaid expenses (61,547) 1,049
Accounts payable (269,389) 423,139
Accrued expenses and other payables 295,093 311,727
Contingency liability 7,002 (372,938)
Income tax payable (1,376) (89,847)
Deferred income (450,735) (520,450)
Operating lease liabilities (161,024) (165,798)
Other current liabilities (387,852) 304,581
Net cash provided by (used in) operating activities (3,709,737) 1,283,161
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (130,902) (233,939)
Payments for investments (327,675)
Purchase of software (1,419,976)
Payment towards company-owned life insurance policies (3,391) (3,493)
Net cash used in investing activities (1,881,944) (237,432)
CASH FLOWS FROM FINANCING ACTIVITIES    
    Repayment of finance lease obligations (8,183) (8,545)
Net cash used in financing activities (8,183) (8,545)
Net effect of exchange rate changes on cash and restricted cash (953,270) (216,378)
Net change in cash and restricted cash    
Cash and restricted cash- beginning of period 18,457,312 18,165,168
Net increase (decrease) in cash and restricted cash (6,553,134) 820,806
Cash and restricted cash - end of period 11,904,178 18,985,974
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Property, plant and equipment obtained in connection with capital lease 14,824
Remeasurement of the lease liabilities and right-of-use assets due to lease modification 123,256
Reclassification from long-term lease liabilities to short-term lease liabilities 159,005
Operating expense paid by related parties on behalf of the Company 116,246 242,140
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 3,949 945
Income taxes paid $ 1,376 $ 644,395