v3.25.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (17,815,307) $ (1,841,899)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization 103
Depreciation 27,113 103
Change in operating assets and liabilities:    
Prepaid expenses 145,106 (77,215)
Advance to a related company 98,771 10,289
Inventories (65,531)
Deposits 102,327 (127,664)
Other receivables (45,306) (34,183)
Interests payable 23,657 23,380
Other payables and accrued expenses 702,538 160,597
Payable to directors 2,296,915
Provision for bonus 13,800,000
Net cash (used in) provided by operating activities (3,026,529) 410,323
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (1,438,033) (1,598)
Net cash used in investing activities (1,438,033) (1,598)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term loans - related party 315,390
Proceeds from long-term debt - related party 2,917,330
Repayments to long-term debt - related party (107,532)
Payments of deferred merger costs (919,446) (700,810)
Proceeds from the completion of reverse recapitalization 1,231
Proceeds from PIPE investment 2,500,000
Net cash provided by (used in) financing activities 4,706,973 (700,810)
Effect of exchange rate changes 104,814 68,394
NET CHANGE IN CASH 347,225 (223,691)
Cash, beginning of the year 1,430 225,121
Cash, end of the year 348,655 1,430
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income tax
Cash paid for interest
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of ordinary share upon the reverse recapitalization 3,473,764
Reclassification of deferred merger costs to additional paid-in capital 704,334
Issuance of shares for the settlement of amount due to shareholders $ 8,200,000