Financial Information of the Parent Company

6 Months Ended

Mar. 31, 2026

Financial Information of the Parent Company [Abstract]

FINANCIAL INFORMATION OF THE PARENT COMPANY

NOTE 19 — FINANCIAL INFORMATION OF THE PARENT COMPANY

Pursuant to the requirements of Rule 12-04(a), 5-04(c) and 4-08(e)(3) of Regulation S-X, the financial information of the parent company shall be filed when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. The Company performed a test on the restricted net assets of consolidated subsidiaries in accordance with such requirement and concluded that it was applicable to the Company as the restricted net assets of the Company’s subsidiaries exceeded 25% of the consolidated net assets of the Company. Therefore, the financial statements for the parent company are included herein.

For purposes of the above test, restricted net assets of consolidated subsidiaries shall mean that amount of the Company’s proportionate share of net assets of consolidated subsidiaries (after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries in the form of loans, advances or cash dividends without the consent of a third party.

The financial information of the parent company has been prepared using the same accounting policies as set out in the Company’s unaudited condensed consolidated financial statements except that the parent company used the equity method to account for investment in its subsidiaries. Such investment is presented on the balance sheets as “Investment in subsidiaries” and the respective profit or loss as “Equity in earnings of subsidiaries” on the unaudited condensed ‘consolidated statements of operations and comprehensive loss.

The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the unaudited condensed consolidated financial statements of the Company. Certain information and footnote disclosures normally included in unaudited condensed financial statements prepared in accordance with U.S GAAP have been or omitted.

As of March 31, 2026 and September 30, 2025, there were no material contingencies, significant provisions for long-term obligations, or guarantees of the Company, except for those which have been separately disclosed in the unaudited condensed consolidated financial statements, if any.

PARENT COMPANY BALANCE SHEETS

		As of
		March 31, 2026				September 30, 2025
		(Unaudited)
ASSETS
Cash		$	15,736,152			$	23,938,610
Other receivable			5,223,594				-
Due from related parties			5,595,883				5,638,387
Due from subsidiaries			13,545,139				11,155,749
Total current assets			40,100,768				40,732,746

Non-current asset
Investment in subsidiaries		$	15,544,295			$	15,396,764

Total assets		$	55,645,063			$	56,129,510

LIABILITIES AND SHAREHOLDERS’ EQUITY

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY
Class A ordinary shares, $0.00001 par value, 1,800,000,000 shares authorized, 563,338 shares issued and outstanding as of March 31, 2026 * Ordinary shares, $11.25 par value, 2,000,000,000 shares authorized, 563,338 shares issued and outstanding as of September 30, 2025			6				6,337,553
Class B ordinary shares, $0.00001 par value, 200,000,000 shares authorized, none issued and outstanding as of March 31, 2026 and September 30, 2025			-				-
Additional paid-in capital			69,347,114				63,009,567
Accumulated deficit			(12,958,901	)			(11,404,088	)
Accumulated other comprehensive loss			(743,156	)			(1,813,522	)
Total shareholders’ equity			55,645,063				56,129,510

Total liabilities and shareholders’ equity		$	55,645,063			$	56,129,510

*	The dual-class share structure became effective on February 13, 2026.

PARENT COMPANY STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(UNAUDITED)

		For the Six Months Ended March 31,
		2026				2025
Operating costs and expenses:
General and administrative expenses		$	(292,948	)		$	(1,835,286	)

Other income (expenses):
Interest income			60				-
Other expenses			(33,893	)			(727,331	)

Equity in loss of subsidiaries			(1,228,032	)			(722,138	)

Net loss			(1,554,813	)			(3,284,755	)
Foreign currency translation adjustments			1,070,366				(2,033,233	)
Comprehensive loss attributable to the Company		$	(484,447	)		$	(5,317,988	)

PARENT COMPANY STATEMENTS OF CASH FLOWS

(UNAUDITED)

		For the Six Months Ended March 31,
		2026				2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss		$	(1,554,813	)		$	(3,284,755	)
Adjustments to reconcile net cash flows from operating activities:
Equity in earnings of subsidiary			1,228,032				722,138
Changes in operating assets and liabilities:
Other receivable			(5,223,594	)			1,377,873
Due from related parties			42,504				-
Due to related parties			-				137,814
Other payable			-				7,882
Accrued expense			-				(49,475	)
Net cash used in operating activities			(5,507,871	)			(1,088,523	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in subsidiaries			-				(9,100,000	)
Net cash used in investing activities			-				(9,100,000	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from issuance of ordinary shares							15,000,000
Cash repayment from subsidiaries			(2,389,390	)			(588,780	)
Net cash (used in) provided by financing activities			(2,389,390	)			14,411,220

EFFECT OF CHANGES OF FOREIGN EXCHANGE RATES ON CASH			(305,197	)			(437,377	)

CHANGES IN CASH			(8,202,458	)			3,785,320

CASH, beginning of period			23,938,610				25,058,414

CASH, end of period		$	15,736,152			$	28,843,734