v3.25.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Sep. 30, 2023
Current assets    
Cash and cash equivalents $ 2,000,732 $ 1,107,480
Accounts receivable, net 6,302,696 2,011,047
Inventories, net 66,331 679,732
Deferred offering costs 1,076,253
Deposits paid to media platforms 482,650 3,717,773
Prepaid expenses and other current assets, net 2,689,581 1,053,687
Short-term loan to third party 410,000
Total current assets 11,951,990 9,645,972
Non-current assets    
Property and equipment, net 85,807 158,642
Deferred tax assets 149,129
Right-of-use assets, net 653,730 624,945
Other non-current assets 54,825
Total non-current assets 739,537 987,541
TOTAL ASSETS 12,691,527 10,633,513
Current liabilities    
Accounts payable 624,723 1,142,667
Accrued expenses and other current liabilities 236,813 309,986
Short-term debts 32,810
Current portion of long-term debts 428,702 535,226
Contract liabilities 533,625 530,488
Amounts due to related parties 314,544 1,413,604
Lease liabilities - current 231,978 187,214
Convertible bonds 964,865
Income tax payable 1,017,619 581,235
Total current liabilities 4,385,679 4,700,420
Non-current liabilities    
Long-term debts 839,560 1,996,326
Lease liabilities - noncurrent 441,504 439,854
Total non-current liabilities 1,281,064 2,436,180
Total liabilities 5,666,743 7,136,600
Commitments and contingencies
Shareholders’ equity    
Ordinary shares (par value of US$0.00025 per share; 200,000,000 ordinary shares authorized, 21,500,000 and 20,000,000 ordinary shares issued and outstanding as of September 30, 2024 and 2023, respectively) [1] 5,375 5,000
Additional paid in capital 5,591,596 1,549,913
Statutory reserve 11,348 11,348
Retained earnings 1,613,217 2,052,553
Accumulated other comprehensive loss (196,752) (121,901)
Total shareholders’ equity 7,024,784 3,496,913
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 12,691,527 $ 10,633,513
[1] The shares and per share information are presented on a retroactive basis to reflect the reorganization completed on February 17, 2023 and share split occurred on March 20, 2023 and IPO on December 17, 2023 (Note 16).