v3.26.1
Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Cash Flows [Abstract]    
Net loss from continuing operation $ (3,740,252) $ (1,028,074)
Net loss discontinued operation (228,778)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Allowance for credit losses 1,128,210 30,926
Loss on forfeiture of land-use-right security deposit 641,436
Imputed interest on a related party loan (130,132) (84,342)
Interest income of loan to third parties (37,516)
Provision for inventories 7,289 30,507
Depreciation and amortization 339,652 332,349
Share-based compensation 684,250 21,250
Gain on short-term investments (17,778)
Loss from disposal of a subsidiary 47
Share of loss of equity method investments 33,003 93,799
Deferred tax expense 11,842
Changes in operating assets and liabilities:    
Accounts receivable 4,526,716 855,207
Notes receivable (122,515) (156,298)
Advances to suppliers (7,951,398) 5,394,854
Inventories (1,648,030) (4,335,000)
Amounts due from related parties, current (242,379) 377,310
Prepaid expenses and other current assets 45,462 (241,306)
Accounts payable 165,169 (23,604)
Advances from customers (40,462) (35,519)
Income tax payable 31,968 (5,080)
Amounts due to related parties, current (410,459)
Accrued expenses and other payables 51,799 (606,455)
Net cash provided by (used in) operating activities from continuing operations (6,257,683) 204,129
Net cash provided by operating activities from discontinued operations 750,707
Net cash provided by (used in) operating activities (6,257,683) 954,836
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (1,212,242) (443,009)
Prepayment for construction in progress (1,299,447)
Proceed from redemption of a short-term investment 1,574,882
Refund of equipment purchase payment 6,995,618
Prepayment for equity investment (1,200,000)
Loans to related parties (3,043,743)
Collection of loans to related parties 3,571,253 691,486
Net cash outflow from disposal of a subsidiary (45)
Net cash (used in) provided by investing activities from continuing operations 8,154,584 (2,519,831)
Net cash provided by investing activities from discontinued operations 203,511
Net cash (used in) provided by investing activities 8,154,584 (2,316,320)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term borrowings 2,212,358
Proceeds from issuance of ordinary shares 2,400,000
Repayments of short-term borrowings (1,926,892) (1,438,292)
Repayments of long-term borrowings (830,705)
Loans from related parties 3,605,651 389,893
Repayments of loans from related parties (7,122,839) (622,338)
Repayment of loans from third parties (1,382,973)
Net cash used in financing activities from continuing operations (1,662,427) (3,053,710)
Net cash provided by financing activities from discontinued operation 36,428
Net cash used in financing activities (1,662,427) (3,017,282)
Effect of exchange rate changes 60,040 310,143
Net (decrease) increase in cash, cash equivalents and restricted cash 294,514 (4,068,623)
Cash, cash equivalents and restricted cash, at beginning of the period 517,338 4,459,307
Cash, cash equivalents and restricted cash, at end of the period 811,852 390,684
Reconciliation of cash, cash equivalents, and restricted cash to the Unaudited Condensed Consolidated Balance Sheets    
Cash and cash equivalents 811,852 389,903
Restricted cash 781
Total cash, cash equivalents, and restricted cash 811,852 390,684
Less: cash and cash equivalents from the discontinued operations, end of the period 18,122
Cash and cash equivalent from the continuing operations, end of the period 811,852 372,562
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Income tax paid 6,224 9,996
Interest paid 197,865 73,001
Warrant shares exercised via cashless option 120,000
Recognition of right-of use assets and lease liabilities 2,685
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Acquisition of intangible assets through settlement of other non-current assets $ 5,395,273