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

CONSOLIDATED BALANCE SHEETS

v3.21.4
CONSOLIDATED BALANCE SHEETS
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Current assets    
Cash and cash equivalents $ 13,525,298 $ 3,759,535
Restricted cash 77,906 0
Short-term Investment 2,560,760 294,568
Accounts receivable, net of allowance for doubtful accounts of $2,221,870 and $2,020,373, respectively 27,124,959 31,393,289
Notes receivable 0 192,819
Other receivables 2,158,120 3,337,634
Due from related parties 0 47,135
Inventories 20,689,252 21,679,258
Advance to suppliers 12,567,368 4,078,256
Total current assets 78,703,663 64,782,494
Property, plant and equipment, net 8,004,855 7,870,680
Right-of use asset 54,166 0
Intangible assets, net 8,749,987 929,021
Deferred tax assets 353,460 724,612
Long-term deposit 12,472,847 11,836,860
Long-term investment 25,323,323 306,837
TOTAL ASSETS 133,662,301 86,450,504
Current liabilities:    
Accounts payable 2,159,731 10,351,880
Accrued expenses and other current liabilities 6,875,769 4,172,781
Lease liability - current portion 26,332 0
Accrued payroll and welfare 1,853,019 1,555,705
Advance from customers 5,666,214 2,345,891
Due to related parties 1,072,335 1,315,803
Convertible debentures 2,823,364 0
Short-term bank borrowings 21,394,761 17,372,894
Other borrowing - short term portion 283,758 420,741
Notes payables 0 153,175
Income tax payable 2,354,832 3,188,615
Total current liabilities 44,510,115 40,877,485
Lease liability - long term portion 27,834 0
Other borrowing - long term portion 0 269,290
TOTAL LIABILITIES 44,537,949 41,146,775
Equity    
Common stock, no par value, 50,000,000 shares authorized, 28,918,177 and 16,558,037 shares issued and outstanding, respectively
Additional paid-in capital 63,374,085 18,049,630
Statutory surplus reserve 2,914,602 2,904,699
Common Stock, Share Subscribed but Unissued, Subscriptions Receivable (125,000) 0
Retained earnings 19,737,504 23,546,921
Accumulated other comprehensive income (loss) 2,898,594 492,685
Total equity attributable to ZK International Group Co., Ltd. 88,799,785 44,993,935
Equity attributable to non-controlling interests 324,567 309,794
Total equity 89,124,352 45,303,729
TOTAL LIABILITIES AND EQUITY $ 133,662,301 $ 86,450,504