Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (2,608,963)	$ (441,188)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	291,695	93,685
Gain on disposal of property, plant and equipment	(2,030)
Loss on company owned life insurance policies	461	500
Non-cash lease expense	161,024	165,798
Deferred income taxes	70,051	120,669
Changes in operating assets and liabilities:
Accounts receivable	(280,810)	(3,069)
Income tax recoverable	37,406	594,209
Prepaid expenses	25,671	(34,724)
Inventories	10,969	481,747
Other current assets	(385,383)	414,071
Long-term prepaid expenses	(61,547)	1,049
Accounts payable	(269,389)	423,139
Accrued expenses and other payables	295,093	311,727
Contingency liability	7,002	(372,938)
Income tax payable	(1,376)	(89,847)
Deferred income	(450,735)	(520,450)
Operating lease liabilities	(161,024)	(165,798)
Other current liabilities	(387,852)	304,581
Net cash provided by (used in) operating activities	(3,709,737)	1,283,161
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment	(130,902)	(233,939)
Payments for investments	(327,675)
Purchase of software	(1,419,976)
Payment towards company-owned life insurance policies	(3,391)	(3,493)
Net cash used in investing activities	(1,881,944)	(237,432)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of finance lease obligations	(8,183)	(8,545)
Net cash used in financing activities	(8,183)	(8,545)
Net effect of exchange rate changes on cash and restricted cash	(953,270)	(216,378)
Net change in cash and restricted cash
Cash and restricted cash- beginning of period	18,457,312	18,165,168
Net increase (decrease) in cash and restricted cash	(6,553,134)	820,806
Cash and restricted cash - end of period	11,904,178	18,985,974
NON-CASH INVESTING AND FINANCING TRANSACTIONS
Property, plant and equipment obtained in connection with capital lease	14,824
Remeasurement of the lease liabilities and right-of-use assets due to lease modification	123,256
Reclassification from long-term lease liabilities to short-term lease liabilities	159,005
Operating expense paid by related parties on behalf of the Company	116,246	242,140
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	3,949	945
Income taxes paid	$ 1,376	$ 644,395

Exceed World, Inc. 10-Q