| Schedule of Discontinued Operations |
The aggregated financial results of the discontinued
business are set forth below:
| | |
For the six months ended
March 31, | |
| | |
2025 | | |
2024 | |
| Revenues | |
$ | 1,040,213 | | |
$ | 2,297,121 | |
| Cost of revenues | |
| 785,968 | | |
| 1,419,573 | |
| Gross income | |
| 254,245 | | |
| 877,548 | |
| Operating expenses | |
| 630,635 | | |
| 1,350,432 | |
| Income (loss) from operations | |
| (376,390 | ) | |
| (472,884 | ) |
| Other expenses (income), net | |
| 1,411,745 | | |
| (189,621 | ) |
| Income (loss) before income taxes | |
| 1,035,355 | | |
| (662,505 | ) |
| Income taxes provision | |
| - | | |
| 32,542 | |
| Income (loss) from discontinued operations, net of tax | |
$ | 1,035,355 | | |
$ | (695,047 | ) |
Assets and liabilities of the discontinued operations:
| | |
March 31, 2025 | | |
September 30, 2024 | |
| ASSETS | |
| | |
| |
| CURRENT ASSETS: | |
| | |
| |
| Cash and cash equivalents | |
$ | 156,302 | | |
$ | 102,602 | |
| Accounts receivable - related parties | |
| 1,451 | | |
| - | |
| Contract assets | |
| 536,209 | | |
| 563,583 | |
| Inventories | |
| 254,278 | | |
| 297,346 | |
| Prepayments and other current assets | |
| 1,288,554 | | |
| 629,424 | |
| TOTAL CURRENT ASSETS | |
| 2,236,794 | | |
| 1,592,955 | |
| NON-CURRENT ASSETS: | |
| | | |
| | |
| Property, equipment and intangible assets, net | |
| 59,455 | | |
| 82,276 | |
| Operating lease right-of-use assets, net | |
| 136,309 | | |
| 287,788 | |
| Prepayments and other non-current assets | |
| 1,022,004 | | |
| 1,133,955 | |
| TOTAL NON-CURRENT ASSETS | |
| 1,217,768 | | |
| 1,504,019 | |
| TOTAL ASSETS | |
$ | 3,454,562 | | |
$ | 3,096,974 | |
| LIABILITIES AND EQUITY | |
| | | |
| | |
| CURRENT LIABILITIES: | |
| | | |
| | |
| Short-term bank loans | |
$ | 916,808 | | |
$ | - | |
| Accounts payable | |
| 1,076,490 | | |
| 1,124,362 | |
| Deferred revenue | |
| 1,312,094 | | |
| 1,416,780 | |
| Accrued expenses and other liabilities | |
| 602,365 | | |
| 581,361 | |
| Refund liabilities | |
| 278,004 | | |
| 235,169 | |
| Loan from third parties | |
| 428,066 | | |
| 447,914 | |
| Operating lease liabilities-current | |
| 64,068 | | |
| 132,592 | |
| Taxes payable | |
| 1,292,493 | | |
| 2,799,614 | |
| TOTAL CURRENT LIABILITIES | |
| 5,970,388 | | |
| 6,737,792 | |
| | |
| | | |
| | |
| NON-CURRENT LIABILITIES: | |
| | | |
| | |
| Operating lease liabilities-non-current | |
| 61,887 | | |
| 148,191 | |
| Due to a related party | |
| 1,349,793 | | |
| 491,721 | |
| Long-term loan from third party | |
| 149,625 | | |
| 68,275 | |
| TOTAL NON-CURRENT LIABILITIES | |
| 1,561,305 | | |
| 708,187 | |
| TOTAL LIABILITIES | |
$ | 7,531,693 | | |
$ | 7,445,979 | |
|