v3.10.0.1
CONSOLIDATED BALANCE SHEETS
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Current assets    
Cash and cash equivalents $ 7,682,589 $ 11,278,475
Restricted cash 0 529,837
Short-term Investment 850,829
Accounts receivable, net of allowance for doubtful accounts of $1,997,310 and $1,817,050, respectively 27,134,237 21,261,609
Notes receivable 414,352 214,999
Other receivables 2,624,022 1,514,545
Due from Related Parties 22,278 0
Inventories 17,792,187 10,048,568
Advance to suppliers 7,826,679 9,630,518
Total current assets 64,347,173 54,478,551
Property, plant and equipment, net 6,280,412 5,645,724
Intangible assets, net 938,221 463,171
Deferred tax assets 299,596 272,557
Long-term Deposit 4,229,827
Other long-term assets 303,334 313,066
TOTAL ASSETS 76,398,563 61,173,069
Current liabilities:    
Accounts payable 1,670,427 717,272
Accrued expenses and other current liabilities 5,934,733 4,457,170
Accrued payroll and welfare 887,201 325,675
Advance from customers 3,410,322 1,983,713
Related party payables 3,694,469 7,911,720
Short-term bank borrowings 19,270,530 21,335,938
Income tax payable 4,263,289 3,074,635
TOTAL LIABILITIES 39,130,971 39,806,123
Equity    
Common stock, no par value, 50,000,000 shares authorized, 16,528,037 and 13,068,346 shares issued and outstanding, respectively 0
Additional paid-in capital 17,998,933 8,382,876
Statutory surplus reserve 2,031,775 1,173,363
Retained earnings 17,138,593 10,978,891
Accumulated other comprehensive income (loss) (127,456) 681,788
Total equity attributable to ZK International Group Co., Ltd. 37,041,845 21,216,918
Equity attributable to non-controlling interests 225,747 150,028
Total equity 37,267,592 21,366,946
TOTAL LIABILITIES AND EQUITY $ 76,398,563 $ 61,173,069

Source