v3.26.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
SCHEDULE OF FOREIGN CURRENCY TRANSLATION

 

   March 31,   September 30,   Six Months Ended March 31, 
   2026   2025   2026   2025 
Foreign currency  Balance Sheet   Balance Sheet   Profits/Loss   Profits/Loss 
RMB:1USD   6.9194    7.1055    7.0158    7.1671 
SCHEDULE OF ESTIMATED USEFUL LIFE

Estimated useful lives are as follows:

 

Category   Estimated
useful lives
Office equipment   3-5 years
Vehicle   4 years
Machine and equipment   5-10 years
SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS

 

Category   Estimated
useful lives
Software   10 years
SCHEDULE OF FAIR VALUE MEASUREMENT ON RECURRING BASIS

       Quoted   Significant   Significant 
       Prices in   Other   Other 
   As of   Active   Observable   Unobservable 
   March 31   Markets   Inputs   Inputs 
   2026   (Level 1)   (Level 2)   (Level 3) 
    (Unaudited)                
Trading securities  $13,064,956   $1,978,219   $11,086,737   $- 
Held-to-maturity securities   3,833,259    -    3,833,259    - 
Total  $16,898,215   $1,978,219   $14,919,996   $- 

 

       Quoted   Significant   Significant 
       Prices in   Other   Other 
   As of   Active   Observable   Unobservable 
   September 30   Markets   Inputs   Inputs 
   2025   (Level 1)   (Level 2)   (Level 3) 
Trading securities  $14,446,867   $3,098,972   $11,347,895   $- 
Held-to-maturity securities   4,233,204    -    4,233,204    - 
Total  $18,680,071   $3,098,972   $15,581,099   $- 
SCHEDULE OF BREAKDOWN OF REVENUES

The following table sets forth the breakdown of the Company’s revenues for the six months ended March 31, 2026 and 2025:

 

   2026   2025 
   Amount   %   Amount   % 
   (Unaudited)       (Unaudited)     
Sales of clean-energy equipment  $10,412,332    49.6   $13,196,043    46.8 
Sales of digitalization and integration equipment   2,226,141    10.6    2,629,399    9.3 
Sales of new energy   6,454,584    30.8    10,337,148    36.7 
Delivery of oil and gas engineering technical services   1,885,371    9.0    2,032,694    7.2 
Total  $20,978,428    100.0   $28,195,284    100.0 
SCHEDULE OF CONCENTRATIONS

Details of the customers accounting for 10% or more of the Company’s total revenues are as follows:

 

   Six Months Ended March 31, 
   2026   2025 
   (Unaudited)       (Unaudited)     
Customer A  $-    -%  $6,176,480    21.9%
Customer B   4,208,476    20.1%   3,893,576    13.8%
Total  $4,208,476    20.1%  $10,070,056    35.7%

 

Details of the customers which accounted for 10% or more of the Company’s accounts receivable are as follows:

 

   As of March 31,   As of September 30, 
   2026   2025 
   (Unaudited)             
Customer B  $6,287,015    23.9%  $4,650,537    19.9%
Customer C   3,339,165    12.7%   4,306,546    18.4%
Total  $9,626,180    36.6%  $8,957,083    38.3%

 

Details of the vendors which accounted for 10% or more of the Company’s purchases are as follows:

 

   Six Months Ended March 31, 
   2026   2025 
   (Unaudited)       (Unaudited)     
Vendor A  $-    -%  $2,838,054    13.2%
Vendor B   -    -%   2,128,178    9.9%
Vendor C   2,103,730    12.7%   -    -%
Total  $2,103,730    12.7%  $4,966,232    23.1%

 

Details of the vendors which accounted for 10% or more of the Company’s accounts payable are as follows:

 

   As of March 31,   As of September 30, 
   2026   2025 
   (Unaudited)             
Vendor B  $3,324,655    38.7%  $3,600,703    47.8%
Vendor D   1,442,065    16.8%   -    -%
Total  $4,766,720    55.5%  $3,600,703    47.8%