v3.26.1
Discontinued operations (Tables)
 6 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of discontinued operations

 

   2026   2025   2026   2025 
  

For the Three Months Ended

March 31,

  

For the Six Months Ended

March 31,

 
   2026   2025   2026   2025 
Revenue  $-   $-   $-   $2,000 
                     
Cost of sales   -    -    -    - 
GROSS PROFIT / (LOSS)   -    -    -    2,000 
                     
Selling, general and administrative expenses (exclusive of expenses shown separately below)   -    80,295    -    188,282 
Impairment loss on goodwill   -    -    -    - 
Bad debt expense   -    -    -    - 
Depreciation   -    10,720    -    30,930 
Total operating expenses        91,015         219,212 
                     
LOSS FROM OPERATIONS   -    (91,015)   -    (217,212)
                     
Interest income (expenses), net   -    (759)   -    (2,522)
Other non-operating income (expense)   -    43,647    -    23,938 
Total other (expenses) income, net   -    42,888    -    21,416 
Net loss from discontinued operations   -    (48,127)   -    (195,796)
                     
Non-controlling interest   -    71,229)   -    69,517 
                     
Net loss from discontinued operations to the Company  $-   $(119,356)  $-   $(265,313)

 

 

In accordance with the provisions of ASC 205-20, we have included the net cash provided by discontinued operations in the consolidated statements of cash flows. The net cash provided by discontinued operations in the consolidated statements of cash flows for the six months ended March 31, 2026 and 2025, consists of the following:

 

   2026   2025 
  

For the Six Months Ended
March 31,

(unaudited)

 
   2026   2025 
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss from discontinuing operation  $-   $(265,313)
Adjustments to reconcile net income to cash used in operating activities:          
Non-controlling interest   -    69,517 
Depreciation expense   -    30,930 
Non-cash operating lease expense   -    69,003 
Fixed assets disposal loss   -    63,035 
Prepayments and other current assets   -    85,535 
Accounts payable   -    11,798 
Operating lease liabilities   -    (4,282)
Other payables and accrued liabilities   -    (437,889)
Note payable   -    (21,282)
Net cash (used in)/ provided by operating activities by discontinued operations   -    (398,948)
CASH FLOWS FROM INVESTING ACTIVITIES:          
Fixed assets additions   -    (26,853)
Net cash used in investing activities by discontinued operations   -    (26,853)
CASH FLOWS FROM FINANCING ACTIVITIES          
CHANGES IN CASH AND CASH EQUIVALENT  $-   $(425,801)