v3.25.2
Discontinued Operations (Tables)
 6 Months Ended
Mar. 31, 2025
Discontinued Operations [Abstract]  
Schedule of Discontinued Operation

The following tables set forth the assets, liabilities, results of operations and cash flows of the discontinued operations, which were included in the Company’s unaudited condensed consolidated financial statements. 

 

   As of
September 30,
2024		   As of
March 31,
2025		 
       (Unaudited) 
Cash and cash equivalents  $54,365   $17,341 
Restricted cash   842    781 
Accounts receivable, net   509,458    2,305,995 
Inventories, net   1,717    821 
Advances to suppliers, net   164    158 
Amounts due from related parties, current   4,578,844    3,328,447 
Prepaid expenses and other current assets   1,454,735    485,091 
Current assets of discontinued operation   6,600,125    6,138,634 
           
Non-current assets:          
Property, plant and equipment, net   33,137    13,667 
Right-of-use assets, net   48,241    34,803 
Long-term investments, net   1,407,619    1,300,172 
Non-current assets of discontinued operation   1,488,997    1,348,642 
           
Total assets of discontinued operation  $8,089,122   $7,487,276 
           
LIABILITIES          
Current liabilities:          
Accounts payable  $1,067,018   $1,050,123 
Advances from customers   228,415    220,766 
Income tax payable   726,796    702,849 
Lease liabilities, current   24,262    23,915 
Amounts due to related parties, current   279,175    1,195,892 
Accrued expenses and other payables   4,697,057    4,524,877 
Total current liabilities of discontinued operation   7,022,723    7,718,422 
           
Non-current liabilities:          
Lease liabilities, non-current   23,069    10,237 
Total non-current liabilities of discontinued operation   23,069    10,237 
Total liabilities of discontinued operation   7,045,792    7,728,659 
   Six Months Ended
March 31,		 
   2024   2025 
   (Unaudited)   (Unaudited) 
Net revenues  $1,771,339   $752,748 
Cost of revenues   (1,892,416)   (736,438)
Gross (loss) profit   (121,077)   16,310 
           
Operating expenses:          
Selling and marketing   (157,904)   (84,274)
General and administrative   (1,227,262)   (111,527)
Research and development   (5,161)   
-
 
Total operating expenses   (1,390,327)   (195,801)
           
Loss from discontinued operations   (1,511,404)   (179,491)
           
Other income (expenses):          
Interest expenses   (5,542)   (12,969)
Interest income   16,494    12,261 
Non-operating income, net   28,001    14,573 
Total other income, net from discontinued operations   38,953    13,865 
           
Loss from discontinued operations before income taxes and share of loss of equity method investments   (1,472,451)   (165,626)
Income tax expenses   
-
    
-
 
Share of loss of equity method investments   (56,513)   (63,152)
Net loss from discontinued operations   (1,528,964)   (228,778)
Less: Net loss attributable to non-controlling interests from discontinued operations   (520,746)   (52,296)
Net loss attributable to EZGO Technologies Ltd.’s shareholders from discontinued operation  $(1,008,218)  $(176,482)

 

   Six Months Ended
March 31,		 
   2024   2025 
   (Unaudited)   (Unaudited) 
Net cash provided by operating activities from discontinued operations  $138,853   $750,707 
Net cash provided by investing activities from discontinued operations   427,990    203,511 
Net cash provided by financing activities from discontinued operation   113,260    36,428