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 | |
|