v3.20.4
CONSOLIDATED BALANCE SHEETS
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Current assets    
Cash and cash equivalents $ 3,759,535 $ 3,451,138
Short-term Investment 294,568 279,810
Accounts receivable, net of allowance for doubtful accounts of $2,020,373 and $1,919,152, respectively 31,393,289 25,115,040
Notes receivable 192,819 385,519
Other receivables 3,337,634 1,866,321
Due from related parties 47,135 110,990
Inventories 21,679,258 20,796,075
Advance to suppliers 4,078,256 6,848,143
Total current assets 64,782,494 58,853,036
Property, plant and equipment, net 7,870,680 6,595,704
Intangible assets, net 929,021 918,717
Deferred tax assets 724,612 289,756
Long-term deposit 11,836,860 11,453,690
Long-term Investment 306,837 291,464
TOTAL ASSETS 86,450,504 78,402,367
Current liabilities:    
Accounts payable 10,351,880 4,182,530
Accrued expenses and other current liabilities 4,172,781 4,438,570
Accrued payroll and welfare 1,555,705 1,340,060
Advance from customers 2,345,891 2,422,776
Due to related parties 1,315,803 1,446,461
Short-term bank borrowings 17,372,894 16,281,461
Other borrowing - short term portion 420,741 0
Notes payables 153,175 296,267
Income tax payable 3,188,615 4,176,537
Total current liabilities 40,877,485 34,584,662
Other borrowing - long term portion 269,290 0
TOTAL LIABILITIES 41,146,775 34,584,662
Equity    
Common stock, no par value, 50,000,000 shares authorized, 16,558,037 and 16,558,037 shares issued and outstanding, respectively 0 0
Additional paid-in capital 18,049,630 18,049,630
Statutory surplus reserve 2,904,699 2,904,699
Retained earnings 23,546,921 24,372,535
Accumulated other comprehensive income (loss) 492,685 (1,808,825)
Total equity attributable to ZK International Group Co., Ltd. 44,993,935 43,518,039
Equity attributable to non-controlling interests 309,794 299,666
Total equity 45,303,729 43,817,705
TOTAL LIABILITIES AND EQUITY $ 86,450,504 $ 78,402,367

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