v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Sep. 30, 2025
Current assets:    
Cash and cash equivalents $ 2,259,613 $ 6,483,489
Restricted cash 6,826,537 3,141,756
Time deposits 433,798 100,164
Accounts receivable, net of allowance for expected credit loss of $892,723 and $1,183,298, respectively 19,965,655 24,773,841
Notes receivable, net 9,913,598 8,358,797
Inventories 28,949,034 24,084,711
Advances to suppliers, net 3,493,609 2,252,953
Other receivables, net 2,341,670 1,091,526
Total current assets 74,183,514 70,287,237
Property, plant and equipment, net 24,828,007 15,318,750
Land use rights, net 4,298,305 4,213,536
Long-term time deposits 62,418 165,996
Long-term investments 12,029,864 11,656,412
Long-term prepayments 3,547,539 6,615,984
Deferred tax assets 1,282,485 1,044,334
Other noncurrent assets, net 225,610 221,288
TOTAL ASSETS 120,457,742 109,523,537
Current liabilities:    
Accounts payable 2,488,910 2,709,191
Accounts payable – related parties 462
Accrued expenses and other current liabilities 2,789,883 3,003,704
Notes payable 10,297,896 10,148,897
Advances from customers 2,142,863 1,310,685
Advances from customers - related parties 20,655 7,131
Short-term borrowings 5,942,710 4,122,341
Long-term borrowings - current portion 1,960,608 43,545
Taxes payable 2,744,812 2,961,173
Total current liabilities 28,388,337 24,307,129
Long-term borrowings 13,712,776 8,025,004
Deferred government grants - noncurrent portion 1,159,756 1,123,753
TOTAL LIABILITIES 43,260,869 33,711,230
COMMITMENTS AND CONTIGENCIES
Shareholders’ equity:    
Common stock, $0.0002 par value, 250,000,000 shares authorized, 14,299,182 and 14,299,182 shares issued and outstanding at March 31, 2026 and September 30, 2025. 2,860 2,860
Additional paid-in capital 67,359,101 67,359,101
Statutory surplus reserves 919,978 919,978
Retained earnings 5,207,072 6,308,532
Accumulated other comprehensive income 3,312,279 923,834
Total equity attributable to Huadi International Group Co., Ltd. 76,801,290 75,514,305
Equity attributable to non-controlling interests 395,583 298,002
Total shareholders’ equity 77,196,873 75,812,307
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 120,457,742 109,523,537
Related Party    
Current liabilities:    
Due to related parties - noncurrent portion $ 255,344