v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:      
Net income $ 1,278,535 $ 7,990,216 $ 11,634,720
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation and amortization 485,624 519,006 420,864
Loss on disposal of property and equipment 35,766 1,969 44,705
Changes in fair value of short-term investments (2,117,818) (445,271) (94,182)
Provision for expected credit losses of receivables and advances to suppliers 2,984,108 1,504,390 840,900
Gain on disposal of equity investment (315,476)
Loss from deregistration of a subsidiary 790,870    
Loss (income) from equity investment 22,353 (65,696) (80,616)
Non-cash lease expense 73,917 67,354 102,714
Deferred income tax (562,285) (883,200) (1,427,337)
Changes in operating assets and liabilities:      
Accounts receivable 688,596 9,202,143 (15,361,134)
Notes receivable 1,003,764 277,191 517,214
Advance to suppliers (1,486,757) (1,156,659) 2,243,631
Inventories 1,014,847 2,632,886 (4,774,567)
Due from related parties 30,851 14,193 217,987
Prepaid expenses and other current assets (632,899) (225,162) 810,636
Accounts payable (2,990,950) (1,261,513) 8,051,741
Advance from customers (972,808) 779,119 1,001,487
Taxes payable 429,483 586,035 1,942,566
Due to related parties (3,340,725) (4,408,402) (2,043,175)
Other payables and other current liabilities 135,561 4,463 400,255
Lease liabilities (76,624) (64,630) (59,788)
Net cash (used in) provided by operating activities (3,522,067) 15,068,432 4,388,621
Cash flows from investing activities:      
Purchase of property and equipment (170,978) (681,214) (740,515)
Proceeds from disposal of property and equipment 705,093 4,105
Proceeds on disposal of equity investment 412,089
Proceeds on disposal of subsidiaries 820,698
Loan to a related party 805,025 (810,115)
Loans to third parties (3,993,270) (714,443)
Purchases of intangible assets (34,771) (34,991) (236,814)
Purchase of short-term investments (38,356,509) (37,166,834) (13,455,331)
Maturity of short-term investments 39,406,957 27,264,265 8,457,934
Purchase of long-term investments (51,188)
Net cash used in investing activities (405,666) (12,143,332) (6,021,809)
Cash flows from financing activities:      
Proceeds from short-term loans 3,057,464 10,017 1,005,275
Repayments of short-term loans (887,456) (854,944)
Repayments of long-term loans (279,220) (114,370)
Net proceeds from initial public offering 5,380,488
Payment of offering cost (127,570) (157,348) (192,010)
Payment for purchasing minority interests (251,298)
Cash contribution from non-controlling shareholders 330,159 136,501
Cash withdrawal by a non-controlling shareholder (527,551)
Net cash provided by (used in) financing activities 6,892,408 (344,723) (19,548)
Effect of foreign exchange rate on cash (105,102) 153,029 (35,892)
Net increase (decrease) in cash and restricted cash 2,859,573 2,733,406 (1,688,628)
Cash and restricted cash at the beginning of the year 7,301,014 4,567,608 6,256,236
Cash and restricted cash at the end of the year 10,160,587 7,301,014 4,567,608
Reconciliation of cash and restricted cash      
Cash 10,159,656 5,811,798 4,567,608
Restricted cash 931 1,489,216
Total cash and restricted cash shown in the statements of cash flows 10,160,587 7,301,014 4,567,608
Supplemental disclosures of cash flow information:      
Income taxes paid 170,515 307,462 107,926
Interest paid 71,194 57,916 67,964
Non-cash transactions:      
Operating right-of-use assets recognized for related operating lease liabilities (123,429) 6,981 742,428
Shareholders’ capital withdrawal recognized as an increase in due to related parties 10,147,447
Reclassification of deferred offering cost 437,380
Transfer of self-produced products from inventories to property and equipment 448,686
Contribution of inventories to fulfill a funding obligation $ 198,778