v3.25.2
Segment Reporting (Tables)
6 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Reportable Segment’s Revenue and Income

The following tables present a summary of each reportable segment’s revenue and income from continuing operations—excluding the e-bicycle sales segment, which is disclosed as a discontinued operation for the six months ended March 31, 2024, and 2025:

 

   Six months Ended March 31, 2024 
   Battery cells
and packs
sales
segment
   Electronic
control
system sales
segment
   Others   Total 
Revenue from external customers  $5,847,751   $739,390   $216,821   $6,803,962 
Segment loss before tax and share of loss of equity method investments   (172,846)   (1,825,115)   (1,171,071)   (3,169,032)
Segment gross profit margin   4.4%   43.7%   14.4%   8.9%

 

   Six months Ended March 31, 2025 
   Battery cells
and packs
sales
segment
   Electronic
control
system sales
segment
   Others   Total 
Revenue from external customers  $5,518,183   $636,356   $410,828   $6,565,367 
Segment loss before tax and share of loss of equity method investments   (88,207)   (95,106)   (729,628)   (912,941)
Segment gross profit margin   4.5%   41.7%   38.9%   10.2%
Schedule of Reconciliation from Reportable Segment Income

The following table presents the reconciliation from reportable segment income to the consolidated income from continuing operations before income taxes for the six months ended March 31, 2024 and 2025:

 

   Six months ended
March 31,
 
   2024   2025 
   (Unaudited)   (Unaudited) 
Net revenues        
Battery cells and packs sales  $5,847,751   $5,518,183 
Electronic control system sales   739,390    636,356 
Others   216,821    410,828 
Total net revenues   6,803,962    6,565,367 
           
Cost of revenues          
Battery cells and packs sales   5,592,773    5,271,930 
Electronic control system sales   416,635    370,868 
Others   185,670    251,101 
Total cost of revenues   6,195,078    5,893,899 
           
Gross profit          
Battery cells and packs sales   254,978    246,253 
Electronic control system sales   322,755    265,488 
Others   31,151    159,727 
Total Gross profit   608,884    671,468 
           
Reconciliation of profit or loss:          
Selling and marketing   (149,223)   (117,772)
General and administrative   (1,837,698)   (1,200,042)
Research and development   (395,435)   (389,572)
Total operating expenses   (2,382,356)   (1,707,386)
           
Loss from operations   (1,773,472)   (1,035,918)
           
Fair value changes in contingent asset   (310,667)   
-
 
Impairment loss of goodwill   (1,362,044)   
-
 
Other income   277,151    122,977 
Loss from continuing operations before income tax and share of loss of equity method investments  $(3,169,032)  $(912,941)
Loss from discontinued operations before income tax and share of loss of equity method investments   (1,472,451)   (165,626)
Loss before income tax and share of loss of equity method investments   (4,641,483)   (1,078,567)