v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash used in operating activities $ (9,907,075) $ (2,797,030)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (3,664,875) (238,680)
Proceed from disposal of property, plant and equipment 758 467,168
Loans to a third party (100,000)
Repayment of loans to third parties 1,054,772
Loans to related parties (3,095,268) (983,941)
Repayments from related parties 1,287,844 2,518,170
Net cash provided by (used in) investing activities (4,516,769) 1,762,717
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from at-the-market offering 17,100,971
Shareholders’ contribution 500,000  
Proceeds from short-term borrowings 428,198 5,808,486
Repayments of short-term borrowings (428,198) (5,808,486)
Repayments from interest-free loans to third parties 221,898
Loans from a related party 513,729 380,863
Repayments of loans from a related party (526,707) (364,329)
Repayments of interest-bearing loans to third parties (5,200,000)
Repayments of interest-bearing loans from third parties 1,434,884
Acquisition of non-controlling interest of a subsidiary (3,804,709)
Net cash (used in) provided by financing activities 13,783,284 (3,526,684)
Effect of exchange rate changes (194,519) (841)
Net decrease in cash and cash equivalents (835,079) (4,561,838)
Cash, cash equivalents, at the beginning of the period 4,088,599 6,557,605
Cash, cash equivalents, at the end of the period 3,253,520 1,995,767
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Income taxes paid 8,082
Interest paid 117,344 271,878
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION:    
Right-of-use assets obtained in exchange for new operating lease liabilities 28,375
Payment of long-term investment consideration by Shuang Wu on behalf of the Group $ 8,100,000