| SCHEDULE OF OPERATING SEGMENT INFORMATION |
SCHEDULE OF OPERATING SEGMENT INFORMATION
| | |
Sale of
Clean-energy
equipment | | |
Sale of
Digitalization
and
integration
equipment | | |
Sale of
new energy | | |
Delivery of
oil and gas
engineering
technical
services | | |
Total | |
| Revenues | |
$ | 22,073,207 | | |
$ | 2,731,568 | | |
$ | 19,536,237 | | |
$ | 3,994,541 | | |
$ | 48,335,553 | |
| Cost of revenues | |
| (17,538,969 | ) | |
| (2,113,040 | ) | |
| (19,231,664 | ) | |
| (926,209 | ) | |
| (39,809,882 | ) |
| Gross profit | |
$ | 4,534,238 | | |
$ | 618,528 | | |
$ | 304,573 | | |
$ | 3,068,332 | | |
$ | 8,525,671 | |
For
the Year Ended September 30, 2024
| | |
Sale of
Clean-energy
equipment | | |
Sale of
Digitalization
and
integration
equipment | | |
Sale of
new energy | | |
Delivery of
oil and gas
engineering
technical
services | | |
Total | |
| Revenues | |
$ | 33,816,111 | | |
$ | 3,081,230 | | |
$ | 25,822,344 | | |
$ | 6,353,689 | | |
$ | 69,073,374 | |
| Cost of revenues | |
| (23,492,973 | ) | |
| (2,521,522 | ) | |
| (25,173,782 | ) | |
| (1,850,578 | ) | |
| (53,038,855 | ) |
| Gross profit | |
$ | 10,323,138 | | |
$ | 559,708 | | |
$ | 648,562 | | |
$ | 4,503,111 | | |
$ | 16,034,519 | |
For
the Year Ended September 30, 2023
| | |
Sale of
Clean-energy
equipment | | |
Sale of Digitalization
and
integration
equipment
| | |
Sale of
new energy | | |
Delivery of
oil and gas
engineering
technical
services
| | |
Total | |
| Revenues | |
$ | 39,581,383 | | |
$ | 3,364,644 | | |
$ | 23,204,437 | | |
$ | 6,933,984 | | |
$ | 73,084,448 | |
| Cost of revenues | |
| (27,713,920 | ) | |
| (3,154,108 | ) | |
| (22,745,219 | ) | |
| (1,092,160 | ) | |
| (54,705,407 | ) |
| Gross profit | |
$ | 11,867,463 | | |
$ | 210,536 | | |
$ | 459,218 | | |
$ | 5,841,824 | | |
$ | 18,379,041 | |
Reconciliation
of Segment Profit (Gross Profit) to Consolidated Income Before Income Taxes
| | |
2025 | | |
2024 | | |
2023 | |
| | |
Year Ended September 30, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Total segment profit (gross profit) | |
$ | 8,525,671 | | |
$ | 16,034,519 | | |
$ | 18,379,041 | |
| Corporate expenses: | |
| | | |
| | | |
| | |
| Selling and marketing expenses | |
| (1,835,938 | ) | |
| (2,053,194 | ) | |
| (775,957 | ) |
| General and administrative expenses | |
| (5,124,362 | ) | |
| (4,475,500 | ) | |
| (4,713,012 | ) |
| Provision for expected credit losses | |
| (2,984,108 | ) | |
| (1,504,390 | ) | |
| (840,900 | ) |
| Research and development expenses | |
| (247,216 | ) | |
| (449,542 | ) | |
| (158,657 | ) |
| Total operating expenses | |
| (10,191,624 | ) | |
| (8,482,626 | ) | |
| (6,488,526 | ) |
| (Loss) income from operations | |
| (1,665,953 | ) | |
| 7,551,893 | | |
| 11,890,515 | |
| Other income, net | |
| 2,435,510 | | |
| 623,141 | | |
| 473,711 | |
Reconciliation
of Segments’ assets to the Consolidated assets.
| | |
2025 | | |
2024 | |
| | |
As of September 30, | |
| | |
2025 | | |
2024 | |
| Clean-energy equipment | |
$ | 44,096,905 | | |
$ | 54,539,861 | |
| Digitalization and integration equipment | |
| 7,904,522 | | |
| 3,756,020 | |
| New energy | |
| 1,658,836 | | |
| 3,581,161 | |
| Oil and gas engineering technical services | |
| 23,558,598 | | |
| 10,720,158 | |
| Other corporate assets | |
| 46,535,830 | | |
| 38,624,803 | |
| Total assets | |
$ | 123,754,691 | | |
$ | 111,222,003 | |
| | |
2025 | | |
2024 | |
| | |
As of September 30, | |
| | |
2025 | | |
2024 | |
| Total assets related to reportable segments | |
$ | 77,218,861 | | |
$ | 72,597,200 | |
| Other corporate assets | |
| 46,535,830 | | |
| 38,624,803 | |
| Elimination of intercompany balances | |
| (54,422,059 | ) | |
| (41,587,953 | ) |
| Total consolidated assets | |
$ | 69,332,632 | | |
$ | 69,634,050 | |
|