v3.8.0.1
CONSOLIDATED BALANCE SHEETS
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Current assets    
Cash and cash equivalents $ 11,278,475 $ 123,649
Restricted cash 529,837 3,236,482
Accounts receivable, net of allowance for doubtful accounts of $1,817,050 and $1,648,178, respectively 21,261,609 23,843,980
Notes receivable 214,999 89,941
Other receivables 1,514,545 1,625,872
Inventories 10,048,568 6,444,088
Advance to suppliers 9,630,518 3,251,295
Deferred tax assets, current portion 272,557 247,227
Total current assets 54,751,108 38,862,534
Property, plant and equipment, net 5,645,724 5,907,985
Intangible assets, net 463,171 468,148
Other long-term assets 313,066 312,289
TOTAL ASSETS 61,173,069 45,550,956
Current liabilities:    
Accounts payable 717,272 1,141,803
Accrued expenses and other current liabilities 4,457,170 3,416,613
Accrued payroll and welfare 325,675 375,428
Advance from customers 1,983,713 1,618,216
Related party payables 7,911,720 1,662,160
Short-term bank borrowings 21,335,938 21,793,454
Notes payable 0 3,897,426
Income tax payable 3,074,635 2,066,934
TOTAL LIABILITIES 39,806,123 35,972,034
Equity    
Common stock, no par value, 50,000,000 shares authorized, 13,068,346 and 9,000,000 shares issued and outstanding, respectively 0 0
Additional paid-in capital 8,382,876 2,800,777
Statutory surplus reserve 1,173,363 579,994
Retained earnings 10,978,891 5,697,984
Accumulated other comprehensive income 681,788 411,239
Total equity attributable to ZK International Group Co., Ltd. 21,216,918 9,489,994
Equity attributable to non-controlling interests 150,028 88,928
Total equity 21,366,946 9,578,922
TOTAL LIABILITIES AND EQUITY $ 61,173,069 $ 45,550,956

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