v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)      
Revenues $ 63,883,520 $ 54,884,381 $ 44,951,740
Cost of sales (48,239,478) (36,593,792) (31,843,337)
Gross profit 15,644,042 18,290,589 13,108,403
Operating expenses:      
Selling and marketing expenses 2,647,429 2,949,204 1,915,127
General and administrative expenses 2,897,995 4,071,116 1,782,318
Research and development costs 1,452,061 1,652,633 1,331,111
Total operating expenses 6,997,485 8,672,953 5,028,556
Operating Income 8,646,557 9,617,636 8,079,847
Other income (expenses):      
Interest expenses (1,151,045) (1,239,170) (1,245,385)
Interest income 24,437 10,702 24,459
Other income, net 921,973 112,099 69,772
Total other expenses, net (204,635) (1,116,369) (1,151,154)
Income before income taxes 8,441,922 8,501,267 6,928,693
Income tax provision (248,228) (1,398,210) (995,005)
Net income 8,193,694 7,103,057 5,933,688
Net income attributable to non-controlling interests (86,828) (84,943) (59,412)
Net income attributable to ZK International Group Co., Ltd. 8,106,866 7,018,114 5,874,276
Net income 8,193,694 7,103,057 5,933,688
Other comprehensive income (loss):      
Foreign currency translation adjustment (1,694,278) (818,468) 272,237
Total comprehensive income 6,499,416 6,284,589 6,205,925
Comprehensive loss (income) attributable to non-controlling interests (73,919) (75,719) (61,100)
Comprehensive income attributable to ZK International Group Co., Ltd. $ 6,425,497 $ 6,208,870 $ 6,144,825
Basic and diluted earnings per share      
Basic $ 0.49 $ 0.52 $ 0.56
Diluted $ 0.49 $ 0.51 $ 0.56
Weighted average number of shares outstanding      
Basic 16,551,708 13,610,046 10,970,000
Diluted 16,551,708 13,629,517 10,973,674

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