Huadi International Group Co., Ltd.HUDI
| Sep 30,
2020 | Sep 30,
2021 | Sep 30,
2023 | Sep 30,
2024 |
|---|
| Net income | 3 | 3 | 3 | 142,395 |
|---|
| Depreciation | 723,586 | 735,333 | 657,107 | 685,674 |
|---|
| Amortization | - | - | 58,778 | 73,726 |
|---|
| Stock-based compensation | - | - | 59,600 | 49,000 |
|---|
| Credit loss (reversal) expenses | - | - | - | -41,720 |
|---|
| Bad debt expenses (recovery) | 144,472 | - | 430,708 | 89,425 |
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| Deferred tax benefits (expenses) | - | -89,000 | -64,606 | -307,278 |
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| Loss (gain) on disposal of fixed assets | 654,138 | -1,767 | 2,557 | - |
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| Foreign currency transaction (gains) loss | - | - | 644,118 | 98,353 |
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| Accounts receivable | 260,202 | 9 | 4 | -6,134,515 |
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| Notes receivable | - | - | 7 | 153,248 |
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| Inventories | 2 | 756,588 | 3 | -4,337,744 |
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| Advances to suppliers | -180,333 | -78,283 | -1,103,735 | 1 |
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| Advances to suppliers – related party | - | - | - | 674,539 |
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| Other receivables | -3,303,687 | -2,006,975 | -380,277 | 523,082 |
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| Other noncurrent assets | - | - | 261,810 | -14,596 |
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| Accounts payable | 650,988 | -238,638 | - | -5,376,754 |
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| Accrued expenses and other current liabilities | - | - | 226,934 | 126,976 |
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| Notes payable | -2,301,375 | 707,021 | 1 | 11 |
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| Advances from customers | - | - | - | -1,938,570 |
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| Tax payable | -28,401 | -402,478 | 836,701 | -511,162 |
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| Deferred government grants | - | - | - | 1 |
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| Net cash provided by (used in) operating activities | 3 | -5,648,806 | -2,447,726 | 13 |
|---|
| Purchases of property, plant and equipment | 664,996 | 917,539 | 157,571 | 308,631 |
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| Acquisition of CIP | - | - | - | 3 |
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| Proceeds from disposition of property, plant and equipment | 724,782 | 20,285 | 4,015 | - |
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| Net cash used in investing activities | 59,786 | -897,254 | -3,594,045 | -3,067,893 |
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| Proceeds from short-term borrowings | 39 | 36 | 6 | 1 |
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| Repayments on short-term borrowings | 40 | 35 | 13 | 4 |
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| Proceeds from long-term borrowings | - | - | - | 3 |
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| Repayments on long-term borrowings | - | - | 9 | 8 |
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| Proceeds from stock offering, net of offering costs | - | 22 | 23 | - |
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| Proceeds from related parties | 3 | 6 | - | - |
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| Repayments to related parties | - | - | 7 | 20,821 |
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| Net cash (used in) provided by financing activities | -4,689,306 | 21 | 12 | -8,814,852 |
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| Effect of exchange rate changes on cash and cash equivalents and restricted cash | - | - | 878,178 | 456,156 |
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| Net (decrease) increase in cash and cash equivalents and restricted cash | -1,311,468 | 15 | 6 | 2 |
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| Cash paid for income taxes | 135,262 | 480,495 | 25,773 | 328,428 |
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| Cash paid for interest | 2 | 2 | 442,748 | 176,023 |
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