v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Revenues $ 54,884,381 $ 44,951,740 $ 36,809,094
Cost of sales (36,593,792) (31,843,337) (25,333,318)
Gross profit 18,290,589 13,108,403 11,475,776
Operating expenses:      
Selling and marketing expenses 2,949,204 1,915,127 957,990
General and administrative expenses 4,071,116 1,782,318 1,599,743
Research and development costs 1,652,633 1,331,111 1,302,022
Total operating expenses 8,672,953 5,028,556 3,859,755
Operating Income 9,617,636 8,079,847 7,616,021
Other income (expenses):      
Interest expenses (1,239,170) (1,245,385) (1,417,745)
Interest income 10,702 24,459 51,058
Other income, net 112,099 69,772 158,797
Total other expenses, net (1,116,369) (1,151,154) (1,207,890)
Income before income taxes 8,501,267 6,928,693 6,408,131
Income tax provision (1,398,210) (995,005) (1,105,440)
Net income 7,103,057 5,933,688 5,302,691
Net income attributable to non-controlling interests (84,943) (59,412) (53,154)
Net income attributable to ZK International Group Co., Ltd. 7,018,114 5,874,276 5,249,537
Net income 7,103,057 5,933,688 5,302,691
Other comprehensive income (loss):      
Foreign currency translation adjustment (818,468) 272,237 (403,865)
Total comprehensive income 6,284,589 6,205,925 4,898,826
Comprehensive loss (income) attributable to non-controlling interests (75,719) (61,100) 3,406
Comprehensive income attributable to ZK International Group Co., Ltd. $ 6,208,870 $ 6,144,825 $ 4,902,232
Basic and diluted earnings per share      
Basic $ 0.52 $ 0.56 $ 0.59
Diluted $ 0.51 $ 0.56 $ 0.59
Weighted average number of shares outstanding      
Basic 13,610,046 10,970,000 9,000,000
Diluted 13,629,517 10,973,674 9,000,000

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