v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:      
Net loss $ (11,142,007) $ (14,040,769) $ (5,625,740)
Adjustments to reconcile net loss to net cash used in operating activities:      
(Reversal of) allowance for accounts receivable (7,523,759) 7,029,706 179,562
(Reversal of) allowance for advances to suppliers (1,860,686) 1,807,897 (207,668)
Allowance for other receivable 18,203,745 0 0
Allowance (reversal of allowance) for prepaid expenses and other current assets 83,627 32,249 (3,616)
(Reversal of) allowance for inventories (297,929) 107,008 195,355
Depreciation expense 483,979 1,389,926 1,564,673
Loss on disposal of property and equipment 0 0 536
Amortization of operating lease right-of-use assets 58,378 78,708 114,472
Amortization of intangible assets and land use right 133,227 211,434 207,348
Depreciation of biological assets 621,149 932,784 873,358
(Gain) loss on disposal of subsidiaries (815,671) 1,290,201 0
Share of net loss from equity investee 308,681 0 0
Deferred income taxes 0 (8,984) (961,506)
Amortization of deferred revenue 0 (81,896) (97,366)
Amortization of debts issuance costs 540,528 0 277,500
Issuance of ordinary shares for commitment fee 201,278 0 0
Issuance of ordinary shares for services 0 0 1,100,000
Interest expenses 168,183 233,873 0
Changes in operating assets and liabilities:      
Accounts receivable, net (7,492,485) 10,859,002 (11,266,039)
Inventories, net (56,356) (1,623,995) (2,151,007)
Advances to suppliers, net 6,465,210 (5,320,689) (21,761,492)
Prepaid expenses and other current assets (84,971) (65,080) (295,191)
Accounts payable (32,392) (4,018,100) 5,446,546
Operating lease liabilities 0 (32,004) (16,107)
Taxes payable 2,707 164,264 (508,292)
Accrued expenses and other current liabilities 64,027 (1,316,707) 2,769,703
Net cash used in operating activities (1,971,537) (2,371,172) (30,164,971)
Cash flows from investing activities:      
Purchase of investment (5,650,000) 0 0
Proceeds from disposal of subsidiaries, net of cash (4,466) 1,569,508 0
Loan to a third party (5,950,000) 0 0
Repayment from loan to a third party 1,200,428 0 0
Purchase of treasury shares 0 (430) 0
Other receivables 0 0 (769,875)
Purchase of property, plant and equipment 0 0 (683,392)
Acquisition of a subsidiary, net of cash 0 0 613
Net cash (used in) provided by investing activities (10,404,038) 1,569,078 (1,452,654)
Cash flows from financing activities:      
Proceeds from issuance of ordinary shares 6,000,000 0 0
Proceeds from convertible notes 5,925,000 0 3,000,000
Proceeds from issuance of ordinary shares for warrants exercised 523,200 145,290 0
Proceeds from issuance of shares and warrants 0 0 8,945,433
Repayment of related parties loans 0 (2,082) 0
Proceeds from related parties loans 0 807,439 266,739
Repayment of loans 0 (24,816) (4,578,329)
Proceeds from loans 0 0 5,798,704
Net cash provided by financing activities 12,448,200 925,831 13,432,547
Effect of exchange rate changes on cash 758 (1,916) 333,708
Net increase (decrease) in cash 73,383 121,821 (17,851,370)
Cash and restricted cash, beginning of year 317,323 195,502 18,046,872
Cash and restricted cash, end of year 390,706 317,323 195,502
Supplemental disclosure information:      
Cash paid for income tax 335 59 28,764
Cash paid for interest 0 36,726 241,484
Supplemental non-cash activities:      
Issuance of shares for acquisition 10,000,000 0 18,373,771
Issuance of ordinary shares for convertible notes redemption 3,207,160 2,419,174 1,250,000
Issuance of ordinary shares for services     1,100,000
Lease liabilities arising from obtaining right-of-use assets $ 0 $ 0 $ 1,156