v3.19.3.a.u2
CONSOLIDATED BALANCE SHEETS
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Current assets    
Cash and cash equivalents $ 3,451,138 $ 7,682,589
Short-term Investment 279,810 850,829
Accounts receivable, net of allowance for doubtful accounts of $1,919,152 and $1,997,310, respectively 25,115,040 27,134,237
Notes receivable 385,519 414,352
Other receivables 1,866,321 2,624,022
Due from related parties 110,990 22,278
Inventories 20,796,075 17,792,187
Advance to suppliers 6,848,143 7,826,679
Total current assets 58,853,036 64,347,173
Property, plant and equipment, net 6,595,704 6,280,412
Intangible assets, net 918,717 938,221
Deferred tax assets 289,756 299,596
Long-term deposit 11,453,690 4,229,827
Long-term investment 291,464 303,334
TOTAL ASSETS 78,402,367 76,398,563
Current liabilities:    
Accounts payable 4,182,530 1,670,427
Accrued expenses and other current liabilities 4,438,570 5,934,733
Accrued payroll and welfare 1,340,060 887,201
Advance from customers 2,422,776 3,410,322
Due to related parties 1,446,461 3,694,469
Short-term bank borrowings 16,281,461 19,270,530
Notes payables 296,267 0
Income tax payable 4,176,537 4,263,289
TOTAL LIABILITIES 34,584,662 39,130,971
Equity    
Common stock, no par value, 50,000,000 shares authorized, 16,558,037 and 16,528,037 shares issued and outstanding, respectively 0 0
Additional paid-in capital 18,049,630 17,998,933
Statutory surplus reserve 2,904,699 2,031,775
Retained earnings 24,372,535 17,138,593
Accumulated other comprehensive income (loss) (1,808,825) (127,456)
Total equity attributable to ZK International Group Co., Ltd. 43,518,039 37,041,845
Equity attributable to non-controlling interests 299,666 225,747
Total equity 43,817,705 37,267,592
TOTAL LIABILITIES AND EQUITY $ 78,402,367 $ 76,398,563

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