v3.25.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Sep. 30, 2023
CURRENT ASSETS    
Cash $ 348,655 $ 1,430
Inventories 73,922
Prepaid expenses 12,200 154,519
Deposits 29,888 127,664
Other receivables 113,108 54,468
Total Current Assets 577,773 435,963
NON-CURRENT ASSETS    
Property and equipment, net 1,593,400 1,598
Intangible assets, net 262 337
Deferred merger costs 704,334
Total Non-current Assets 1,593,662 706,269
Total Assets 2,171,435 1,142,232
CURRENT LIABILITIES    
Loans from third parties 600,626 510,234
Other payables and accrued expenses 1,232,422 390,257
Loan from a director 254,449
Loan from a shareholder 103,877
Compensation payable to a shareholder 737,894  
Deferred underwriting commission payable 1,541,025
Provision for bonus 13,800,000
Total Current Liabilities 20,430,159 3,132,272
NON-CURRENT LIABILITIES    
Compensation payable to a shareholder 5,338,273
Total Non-current Liabilities 5,338,273
Total Liabilities 20,430,159 8,470,545
COMMITMENTS AND CONTINGENCIES (See Note 19)
SHAREHOLDERS’ EQUITY (DEFICIT)    
Preferred share, $0.0001 par value; 1,000,000 shares authorized, no shares issued and outstanding as of September 30, 2024 and 2023
Ordinary shares value   13,775
Additional paid-in capital 7,812,836 587,499
Accumulated deficit (25,798,897) (7,983,590)
Accumulated other comprehensive (loss) income (287,337) 54,003
Total Shareholders’ Deficit (18,258,724) (7,328,313)
Total Liabilities and Shareholders’ Deficit 2,171,435 1,142,232
Related Party    
CURRENT ASSETS    
Advance to a related company 97,882
Directors    
CURRENT LIABILITIES    
Payable to directors 2,159,866 2,231,781
Class A Ordinary Shares    
SHAREHOLDERS’ EQUITY (DEFICIT)    
Ordinary shares value 14,674 13,775 [1]
Class B Ordinary Shares    
SHAREHOLDERS’ EQUITY (DEFICIT)    
Ordinary shares value
[1] Giving retroactive effect to reverse recapitalization effected on March 14, 2024 to reflect exchange ratio of approximately 55.1 as described in Note 4