v3.26.1
Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Sep. 30, 2024
CURRENT ASSETS:    
Cash and cash equivalent $ 9,819,570 $ 9,817,254
Restricted Cash 870  
Accounts receivable, net 4,253,629 1,543,160
Bank acceptance notes receivable 2,911,999 3,337,137
Inventories, net 20,103,215 5,049,688
Prepayment to suppliers, net 3,578,467 803,924
Investment in trading securities 994,895 8,323,587
Other current assets 9,883,888 894,460
TOTAL CURRENT ASSETS 51,546,533 29,769,210
Property and equipment, net 10,724,358 8,610,279
Construction in progress 4,031,448 5,640,063
Intangible assets, net 4,487,581 4,539,347
Goodwill 350,849,431  
Long term investment 11,495,293 3,359,786
Operating lease right of use assets 315,959  
Deferred tax assets 246,404 424,474
Prepayments for property and equipment   660,569
Other long term assets 117,478  
TOTAL ASSETS 433,814,485 53,003,728
CURRENT LIABILITIES:    
Bank loans 1,618,465  
Insurance premium payables 1,328,853  
Accounts payable 6,555,588 4,125,597
Contract liabilities 3,142,515 489,784
Deferred government grants-current 80,032 78,718
Taxes payable 907,264 315,328
Operating lease liabilities, current 240,943  
Due to related party $ 340,623 $ 2,851,526
Other Liability, Current, Related Party [Extensible Enumeration] Related party Related party
Accrued expenses and other payables $ 27,383,244 $ 915,032
TOTAL CURRENT LIABILITIES 41,597,527 8,775,985
LONG TERM LIABILITIES    
Operating lease liabilities, noncurrent 79,311  
Deferred government grants - noncurrent 240,154 134,394
TOTAL LIABILITIES 41,916,992 8,910,379
Commitments and contingencies
SHAREHOLDERS' EQUITY:    
Ordinary Shares, $0.00833335 par value, 5,030,000,000 and 100,000,000 shares authorized, 200,623,358 and 7,226,480 Ordinary Shares, consisting of 180,623,358 and 7,226,480 Class A ordinary shares, par value US$0.00833335 per share, and 20,000,000 Class B ordinary shares, par value US$0.00833335 per share, as of September 30, 2025 and 2024 respectively 1,671,227 59,583
Additional paid-in capital 399,017,465 36,410,931
Statutory Reserve 3,451,261 3,266,081
Accumulated (deficit) earnings (15,777,045) 4,349,377
Accumulated other comprehensive profit (loss) 2,515,209 (1,342,128)
Total shareholders' equity attributable to BGM Group Ltd. 390,878,117 42,743,844
Noncontrolling interests 1,019,376 1,349,505
TOTAL SHAREHOLDERS' EQUITY 391,897,493 44,093,349
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 433,814,485 53,003,728
Nonrelated party    
CURRENT LIABILITIES:    
Contract liabilities 1,020,067 $ 489,784
Related party    
CURRENT LIABILITIES:    
Contract liabilities $ 2,122,448