Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)      
Revenues $ 86,846,791 $ 63,883,520 $ 54,884,381
Cost of sales (82,903,989) (48,239,478) (36,593,792)
Gross profit 3,942,802 15,644,042 18,290,589
Operating expenses:      
Selling and marketing expenses 2,215,651 2,647,429 2,949,204
General and administrative expenses 2,482,972 2,897,995 4,071,116
Research and development costs 1,123,555 1,452,061 1,652,633
Total operating expenses 5,822,178 6,997,485 8,672,953
Operating Income (loss) (1,879,376) 8,646,557 9,617,636
Other income (expenses):      
Interest expenses (1,000,554) (1,151,045) (1,239,170)
Interest income 7,192 24,437 10,702
Gain on disposal of subsidiary, net 536,612    
Loss on investment (256,937)    
Other income, net 327,845 921,973 112,099
Total other expenses, net (385,842) (204,635) (1,116,369)
Income (loss) before income taxes (2,265,218) 8,441,922 8,501,267
Income tax recovery (expense) 1,428,202 (248,228) (1,398,210)
Net (loss) income (837,016) 8,193,694 7,103,057
Net (loss) income attributable to non-controlling interests 11,402 (86,828) (84,943)
Net (loss) income attributable to ZK International Group Co., Ltd. (825,614) 8,106,866 7,018,114
Net (loss) income (837,016) 8,193,694 7,103,057
Other comprehensive income (loss):      
Foreign currency translation adjustment 2,319,048 (1,694,278) (818,468)
Total comprehensive income 1,482,032 6,499,416 6,284,589
Comprehensive loss (income) attributable to non-controlling interests (6,136) (73,919) (75,719)
Comprehensive income attributable to ZK International Group Co., Ltd. $ 1,475,896 $ 6,425,497 $ 6,208,870
Basic and diluted earnings (loss) per share      
Basic $ (0.05) $ 0.49 $ 0.52
Diluted $ (0.05) $ 0.49 $ 0.51
Weighted average number of shares outstanding      
Basic 16,558,037 16,551,708 13,610,046
Diluted 16,558,037 16,551,708 13,629,517