| Schedule of Consolidated Financial Statements |
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. |
|
| Schedule of Parent Company Statements of Operations and Comprehensive Loss |
PARENT COMPANY STATEMENTS
OF OPERATIONS AND COMPREHENSIVE LOSS
| | |
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 | ) |
|
| Schedule of Parent Company Statements of Cash Flows |
PARENT COMPANY STATEMENTS
OF CASH FLOWS
| | |
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 | |
|