0001493152-21-011657.txt : 20210517 0001493152-21-011657.hdr.sgml : 20210517 20210517063041 ACCESSION NUMBER: 0001493152-21-011657 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 59 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210517 DATE AS OF CHANGE: 20210517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Moxian, Inc. CENTRAL INDEX KEY: 0001516805 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 273729742 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-37902 FILM NUMBER: 21927374 BUSINESS ADDRESS: STREET 1: 228 PARK AVE SOUTH, #82217 CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 86 (0)755-66803251 MAIL ADDRESS: STREET 1: 228 PARK AVE SOUTH, #82217 CITY: NEW YORK STATE: NY ZIP: 10003 FORMER COMPANY: FORMER CONFORMED NAME: MOXIAN CHINA, INC. DATE OF NAME CHANGE: 20131218 FORMER COMPANY: FORMER CONFORMED NAME: SECURE NetCheckIn Inc DATE OF NAME CHANGE: 20110328 10-Q 1 form10-q.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended March 31, 2021

 

or

 

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from __________________ to __________________

 

Commission File Number: 001-37902

 

MOXIAN, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   27-3729742
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No.)

 

Unit 911, Tower 2, Silvercord

30 Canton Road, Tsimshatsui, Kowloon, Hong Kong SAR

(Address of Principal Executive Offices)

 

Tel: +852 2961 4888

Registrant’s telephone number, including area code)

 

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [  ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer [  ] Accelerated filer [  ]
Non-accelerated filer [  ] Smaller reporting company [X]
Emerging growth Company [  ]  

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes [  ] No [X]

 

As of May 7, 2021, the registrant had 19,341,529 shares of common stock, par value $0.001 per share, issued and outstanding.

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Common Stock   MOXC   Nasdaq Capital Market

 

The aggregate market value of the voting common equity held by non-affiliates based on the price at which the Common Stock was last sold as of March 31, 2021, the last business day of the Registrant’s most recently completed second fiscal quarter, was approximately $70.3 million.

 

 

 

 
 

 

TABLE OF CONTENTS

 

    Page No.
     
PART I – FINANCIAL INFORMATION  
     
Item 1. Financial Statements 1
     
  Unaudited Condensed Consolidated Balance Sheets as of March 31, 2021 and September 30, 2020 1
     
  Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the Six Months Ended March 31, 2021 and 2020 2
     
  Unaudited Condensed Consolidated Statements of Stockholders’ Equity for the Six Months Ended March 31, 2021 and 2020 3
     
  Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended March 31, 2021 and 2020 4
     
  Notes to Unaudited Condensed Consolidated Financial Statements 5
     
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. 18
     
Item 3. Quantitative and Qualitative Disclosures About Market Risk. 20
     
Item 4. Controls and Procedures. 20
     
PART II – OTHER INFORMATION  
     
Item 1. Legal Proceedings. 22
     
Item 1A. Risk Factors. 22
     
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 22
     
Item 3. Defaults Upon Senior Securities. 22
     
Item 4. Mine Safety Disclosures 22
     
Item 5. Other Information 22
     
Item 6. Exhibits. 23
     
Signatures 24
     
Certifications  

 

 
 

 

PART I – FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS

 

MOXIAN, INC.

 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

 

   As of 
   March 31,
2021
   September 30,
2020
 
         
Current Assets                     - 
Cash and Cash equivalents  $

3,627,303

   $5,249 
Account Receivable (Note 3)   -    1,462,698 
Share Subscription Receivable (Note 4)   -    827,710 
   $3,627,303   $

2,295,657

 
           
Accruals and other payables (Note 6)  $

1,022,865

   $1,535,335 
Advances from a customer   

206,022

    - 
Loans Payable (Note 7)   91,565    359,549 
           
Total current liabilities   1,320,452    1,894,884 
           
Net Assets   2,306,851    400,773 
Shareholders’ Equity          
Preferred stock, $0.001 par value, authorized: 100,000,000 shares. Nil shares issued and outstanding   -    - 
Common stock, $0.001 par value, authorized: 50,000,000 shares. 19,341,529 shares issued and outstanding as of March 31, 2021 (September 30, 2020: 16,191,529 shares issued and outstanding)    19,341    16,191 
Additional paid-in capital   44,048,956    40,114.606 
Accumulated deficiency   (42,725,559)   (40,661,350)
Accumulated other comprehensive income   964,113    931,326 
Net Shareholders’ Equity   2,306,851    400,773 

 

See accompanying notes to the unaudited condensed consolidated financial statements

 

1
 

 

MOXIAN, INC.

 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

 

  

For Three Months Ended

March 31,

  

For Six Months Ended

March 31,

 
   2021   2020   2021   2020 
                 
Revenues  $22,890   $-   $22,890   $383,375 
Selling, general and administrative expenses   (240,047)   (147,721)   

(627,207

)    

Provision for doubtful debts

   (1,459,892)   -    (1,459,892)   (306,628)
(Loss)/Gain from operations   (1,677,049)   (147,721)   (2,064,209)   76,697 
                     
Income tax expense   -    -    -    - 
Net (Loss)/Gain   (1,677,049)        (2,064,209)   76,697 
                     
Foreign currency translation adjustments   

(44,880

)   (148)   

32,787

    (148)
Comprehensive loss/gain  $

(1,721,929

)  $(147,869)  $

(2,031,422

)  $76,549 
                     
Basic and diluted gain/(loss) per common share  $

(0.11

)  $(0.009)  $

(0.12

)  $0.004 
                     
Basic and diluted weighted average common shares outstanding   16,191,529    16,191,529    16,191,529    16,191,529 

 

See accompanying notes to unaudited condensed consolidated financial statements

 

2
 

 

MOXIAN, INC.

 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

 

For the periods ended March 31, 2021 and 2020

 

   Common Stock  

Additional

paid-in

   Accumulated  

Accumulated

other

comprehensive

     
   Shares   Amount   capital   deficit   income   Total 
Balance, September 30, 2020   16,191,529   $16,191   $40,114,606   $(40,661,350)  $931,326   $400,773 
                               
Net loss    -    -    -    (387,160)   -    (387,160)
                               
Foreign currency translation adjustment   -    -    -    -    77,667    77,667 
                               
Balance, December 31, 2020   16,191,529   $16,191   $40,114,606   $(41,048,510)  1,008,993   91,280 
                               
Issuance of shares   

3,150,000

    

3,150

    

3,934,350

    -    -    3,937,500 
                               
Net Loss   -    -    -   (1,677,049)   -    (1,677,049)
                               
Foreign currency translation adjustment   -    -    -    

-

   (44,880   

(44,880

)
                               
Balance, March 31, 2021   

19,341,529

    

19,341

    

44,048,956

    (42,725,559

)    964,113     

2,306,851

 
                               
Balance, September 30, 2019   16,191,529   $16,191   $40,114,606   $(40,734,066)  $751,956   $148,687 
                               
Net loss   -    -    -    224,418,    -    224,418 
                               
Foreign currency translation adjustment   -    -    -    -    (27,522)   (27,552)
                               
Balance, December 31, 2019   16,191,529   $16,191   $40,114,606   $(40,509,648))  724,434   345,583 
                               
Net Loss   -    -    -    (147,849)   -    (147,849)
                               
Foreign currency translation adjustment   -    -    --   -    

(41,101

)   (41,101)
                               
Balance, March 31, 2020   16,191,529   $16,191   $40,114,606   $(40,657,497)  $683,333    156,633 

 

See accompanying notes to consolidated financial statements

 

3
 

 

MOXIAN, INC.

 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

 

  

For Six Months Ended

March 31,

 
   2021   2020 
         
CASH FROM OPERATING ACTIVITIES          
Net loss/gain from operations  $(2,064,209  $76,549 
Adjustments to reconcile to net cash used in operating activities:          
Changes in operating assets and liabilities:          
           
Other receivables   1,462,698      
Accruals and other payables   (512,470)   (836,803)
Advance from customer   206,022      
Net cash used in operating activities   (907,959)   (760,254)
           
Investment in research and development   -    (494,183)
Loan receivable   -    (211,792)
Cash used in investing arctivities   -    (705,975)
           
Proceeds from third party loans   91,565   - 

Repayment of third party loans

   

(359,549

   (200,783)
Proceeds from issuance of new shares   4,765,210    1,318,087 
Cash from financing activities   4,497,226    1,117,304 
           
Effect of exchange rates on translation of opening liabilities   32,787    (68,593)
Net increase/(decrease) in cash and cash equivalents   3,589,267    (417,518)
Cash and cash equivalents, beginning of period   5,249    425,632 
Cash and cash equivalents, end of period   3,627,303    8,114 

 

See accompanying notes to unaudited condensed consolidated financial statements

 

4
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

1. Organization and Corporate Developments

 

Organization of the Group

 

Moxian, Inc. (formerly known as Moxian China, Inc., hereinafter referred as “Moxian,” together with its subsidiaries and variable interest entity, the “Company”), was incorporated under the laws of the State of Nevada on October 12, 2010. The Company, through its subsidiaries and variable interest entity, engages in the business of operating a social network platform that integrates social media and business into one single platform. The Company has devoted its efforts to develop a mobile application and online platform that facilitate the small to medium size businesses to attract more clients. The Company’s ability to generate sufficient funds to meet its working capital requirements is dependent upon its ability to develop additional sources of capital, develop apps and websites, generate servicing income, and ultimately, achieve profitable operations (see Note 2).

 

On February 17, 2014, the Company incorporated Moxian CN Group Limited (“Moxian CN Samoa”) under the laws of Samoa.

 

On February 21, 2014, Moxian acquired Moxian Group Limited (“Moxian BVI”), together with its subsidiaries, Moxian (Hong Kong) Limited (“Moxian HK”), Moxian Technology (Shenzhen) Co., Ltd. (“Moxian Shenzhen”), and Moxian Malaysia Sdn. Bhd.(“Moxian Malaysia”) through our wholly owned subsidiary, Moxian CN Samoa from Rebel Group, Inc. (“REBL”), a company incorporated in the State of Florida and of which our previous Chief Executive Officer, Tan Meng Dong, is a promoter as the term is defined under Rule 405 of Regulation C promulgated under the Securities Act, by entering into a License and Acquisition Agreement (the “License and Acquisition Agreement”) in consideration of $1,000,000 (“Moxian BVI Purchase Price”). As a result, Moxian BVI, together with its subsidiaries, Moxian HK, Moxian Shenzhen, and Moxian Malaysia, became the Company’s subsidiaries. Under the License and Acquisition Agreement, REBL also agreed to grant us the exclusive right to use REBL’s intellectual property rights (collectively, the “IP Rights”) in Mainland China, Malaysia, and other countries and regions where REBL conducts its business (the “Licensed Territory”), and the exclusive right to solicit, promote, distribute and sell REBL products and services in the Licensed Territory for five years (the “License,”) and in consideration of such License, the Company agreed to pay to REBL (i) $1,000,000 as license maintenance royalty each year commencing on the first anniversary of the date of the License Agreement; and (ii) 3% of the gross profits resulting from the distribution and sale of the products and services on behalf of the Company as an earned royalty.

 

On January 30, 2015, the Company entered into an Equity Transfer Agreement (such transaction, the “Equity Transfer Transaction”) with REBL, to acquire from REBL, 100% of the equity interests of Moxian Intellectual Property Limited, a company incorporated under the laws of Samoa and a wholly-owned subsidiary of REBL (“Moxian IP Samoa”) for $6,782,000. Moxian IP Samoa owns all the intellectual property rights relating to the operation, use and marketing of the Moxian Platform, including all of the trademarks, patents and copyrights that are used in the Company’s business. As a result of the Equity Transfer Transaction, Moxian IP Samoa became a wholly-owned subsidiary of the Company.

 

Moxian BVI was incorporated on July 3, 2012 under the laws of British Virgin Islands. REBL owned 100% equity interests of Moxian BVI prior to the closing of the License and Acquisition Agreement, among the Company, Moxian BVI and REBL.

 

Moxian Technologies (Beijing) Co., Ltd. (“Moxian Beijing”) was incorporated on December 10, 2015 under the laws of the People’s Republic of China and is a wholly owned subsidiary of Moxian Shenzhen. Moxian Shenzhen made an investment of RMB 10 million (approximately USD $1.5 million) in Moxian Beijing during the year ended September 30, 2017.

 

Moxian HK was incorporated on January 18, 2013 and became Moxian BVI’s subsidiary on February 14, 2013. Moxian HK is currently engaged in the business of online social media. Moxian HK operates through two wholly owned subsidiaries: Moxian Shenzhen and Moxian Malaysia.

 

Moxian Shenzhen is wholly owned by Moxian HK. Moxian Shenzhen was incorporated on April 8, 2013 and is engaged in the business of internet technology, computer software, commercial information consulting.

 

5
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

1. Organization and Corporate Developments (Continued)

 

Organization of the Group (continued)

 

Moxian Malaysia was incorporated on March 1, 2013 and became Moxian HK’s subsidiary since April 2, 2013. Moxian Malaysia was previously in the business of IT services and media advertising but have ceased operations since June 2015.

 

Shenzhen Moyi Technologies Co., Ltd. (“Moyi”) was incorporated on July 19, 2013 under the laws of the People’s Republic of China and became a variable interest entity (“VIE”) of Moxian Shenzhen on July 15, 2014. Moxian Shenzhen controls Moyi through arrangement that absorbs operations risk, as if Moyi is a wholly owned subsidiary of Moxian Shenzhen.

 

On December 18, 2017, the Company entered into a Tripartite Agreement with the original shareholders of Moyi and the new shareholders of Moyi wherein the Company agrees to the transfer of the equity interests of Moyi and all related rights, liabilities and obligations under the Moyi Agreements such that the new shareholders stand in place of the old shareholders in all aspects of the Moyi Agreements.

 

On January 30, 2018, a wholly-owned subsidiary of Moxian Shenzhen, Moxian Information Technologies (Shanghai) Co. Ltd. (“Moxian Shanghai”), was incorporated under the laws of the People’s Republic of China.

 

Corporate Developments

 

On November 14, 2016 the Company announced the completion of a public offering of 2,501,250 shares of its common stock at a public offering price of $4.00 per share. The gross proceeds from its offering were approximately $10,005,000 before deducting agents’ commissions and other offering expenses, resulting in net proceeds of approximately, $8.5 million. In connection with the offering, the Company’s common stock began trading on the NASDAQ Capital Market beginning on November 15, 2016 under the symbol “MOXC”

 

On April 22, 2019, the Company implemented a 1-for-5 reverse share split and concurrently reduced its authorized shares of common stock from 250,000,000 to 50,000,000 (See Note 8 (c) Reverse Share Split).

 

On May 2, 2019, the Company reached an agreement with each of its three loan creditors as of September 30, 2018 regarding settlement of their loans to the Company. Under the agreements, all three loan creditors, which are unrelated parties as of the date of the agreements, would write off a total of $6,243,439 of the loans due from the Company and would accept a total of 720,000 shares of Common Stock in settlement of the remaining balances of the loans. The 720,000 new shares of Common Stock were issued on September, 30, 2019.

 

On June 21, 2019, the Company entered into an Agreement (“the Agreement”) with Joyful Corporation Limited (the “Investor”) whereby the Investor (a) purchased from the Company 2,000,000 shares of the Company’s common stock at a price of $1.25 per share for aggregate gross proceeds of $2,500,000 and (b) acquired from the Company a call option to purchase up to 690,000 shares of the Company’s common stock at a price per share of $1.25; the option expired on September 30, 2019.

 

On December 20, 2019, 369 Technologies (Beijing) Co. Ltd., was incorporated under the laws of the People’s Republic of China as a wholly-owned subsidiary of Woodland Corporation. It has not commenced operations as of March 31, 2021. On March 18, 2021, 369 Technologies (Beijing) Co. Ltd. changed its name to Beijing Bit Matrix Technology Co. Ltd.

 

The Company has two main divisions of business. It is in the O2O (“Online-to-Offline”) business with the development of an online platform for small and medium sized enterprises (“SMEs”) with physical stores to conduct business online, interact with existing customers and obtain new customers. It also operates pursuant to an exclusive agreement, the Games Channel of the state-owned Xinhua News Agency App and is a general agent for all advertisements on this mobile application.

 

However, due to the highly competitive nature of the O2O market, and the slow development of its products, the Company has incurred losses since inception. By September 30, 2018, the Company had run out of funds and some of the major shareholders of the Company were not prepared to give further financial support. The Company decided to continue its operations in the digital advertising business but temporarily halt the operation of its App until its financial situation improved.

 

2. Summary of principal accounting policies

 

Basis of presentation

 

The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and reflect the activities of the following subsidiaries and VIE: Moxian CN Samoa, Moxian BVI, Moxian HK, Moxian Beijing, and Moxian IP Samoa. All inter-company transactions and balances have been eliminated in the consolidation. All other subsidiary companies and the sole VIE, Moyi, have been inactive since September 30, 2018.

 

The unaudited interim condensed consolidated financial information as of March 31, 2020 and for the six months ended March 31, 2020 and 2019 have been prepared, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures, which are normally included in annual consolidated financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited interim condensed consolidated financial information should be read in conjunction with the consolidated financial statements and the notes thereto, included in the Company’s Form 10-K for the fiscal year ended September 30, 2019, previously filed with the SEC on January 14, 2020.

 

6
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

2. Summary of principal accounting policies (Continued)

 

Basis of presentation (continued)

 

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s unaudited condensed consolidated financial position as of March 31, 2021 and of its unaudited condensed consolidated results of operations for the six months ended March 31, 2021 and 2020, and of its unaudited condensed consolidated cash flows for the six months ended March 31, 2021 and 2020, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.

 

The following assets and liabilities of the VIE, which has been dormant since September 30, 2018, are included in the accompanying consolidated financial statements of the Company as of March 31, 2021 and September 30, 2019:

 

   March 31,
2021
   September 30,
2020
 
         
Current assets  $-   $- 
Non-current assets   -          - 
Total assets  $-   $- 
           
Current liabilities  $-   $- 
Non-current liabilities   -    - 
Total liabilities  $-   $- 

 

Reclassification

 

Certain prior period amounts have been reclassified to conform to the current period presentation.

 

Going Concern

 

As explained in Note 1, the Company has had only a single line of business since September 30, 2018 due to a lack of working capital.

 

In assessing the Company’s liquidity and its ability to continue as a going concern, the Company monitors and analyzes its cash and cash equivalents and its operating and capital expenditure commitments. The Company’s liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure obligations.

 

If the Company is unable to obtain the necessary additional capital on a timely basis and on acceptable terms, it will be unable to implement its current plans for expansion, repay debt obligations or respond to competitive pressures. Any of these factors would have a material adverse effect on its business, prospects, financial condition and results of operations and raise substantial doubts about the ability of the Company to continue as a going concern. The consolidated financial statements for the period ended March 31, 2020 and September 30, 2019 have been prepared on a going concern basis and do not include any adjustments to reflect the possible future effects on the recoverability and classifications of assets or the amounts and classifications of liabilities that may result from the inability of the Company to continue as a going concern.

 

7
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

2. Summary of principal accounting policies (Continued)

 

Risks and Uncertainties

 

The Company’s operations are substantially carried out in the People’s Republic of China (“PRC”). Accordingly, the Company’s business, financial condition and results of operations may be substantially influenced by the political, economic and legal environments in the PRC, and by the general state of the PRC’s economy. The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.

 

Since September 30, 2018 the Company’s operations have been carried out in its Beijing subsidiary, Moxian Beijing, whereas the intermediate company in Hong Kong, Moxian HK, provides support for the treasury and corporate functions. All other companies of the Group are dormant and have no business operations.

 

Fair value of financial instruments

 

The Company follows the provisions of Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures.” ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

 

Level 1-Observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.

 

Level 2-Inputs other than quoted prices that are observable for the asset or liability in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.

 

Level 3-Inputs are unobservable inputs which reflect management’s assumptions based on the best available information.

 

The carrying value of cash and cash equivalents, restricted cash, prepayments, deposits and other receivables, Value added tax recoverable, accruals and other payables, loans from related parties and stock subscription payable approximate their fair values because of the short-term nature of these instruments.

 

Use of estimates

 

The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the accompanying unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates required to be made by management include but not limited to, useful lives of property and equipment, intangible assets valuation, inventory valuation and deferred tax assets. Actual results could differ from those estimates.

 

8
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

2. Summary of principal accounting policies (Continued)

 

Property and Equipment, net

 

Property and equipment are recorded at cost less accumulated depreciation and impairment. Significant additions or improvements extending useful lives of assets are capitalized. Maintenance and repairs are charged to expense as incurred. Depreciation and amortization are computed using the straight-line method over the estimated useful lives as follows:

 

  Electronic equipment 3-6 years
     
  Furniture and fixtures 3-6 years
     
  Leasehold improvements Shorter of estimated useful life or term of lease

 

Impairment of long-lived assets

 

The Company classifies its long-lived assets into: (i) computer and office equipment; (ii) furniture and fixtures, (iii) leasehold improvements, and (iv) finite – lived intangible assets.

 

Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be fully recoverable. It is possible that these assets could become impaired as a result of technology, economy or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, relief from royalty income approach, quoted market values and third-party independent appraisals, as considered necessary.

 

The Company makes various assumptions and estimates regarding estimated future cash flows and other factors in determining the fair values of the respective assets. The assumptions and estimates used to determine future values and remaining useful lives of long-lived assets are complex and subjective. They can be affected by various factors, including external factors such as industry and economic trends, and internal factors such as the Company’s business strategy and its forecasts for specific market expansion.

 

Due to the continuing losses from operations with minimal revenues, the Company recorded a valuation reserve against its remaining intangible assets in 2018.

 

9
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

2. Summary of principal accounting policies (Continued)

 

Revenue recognition

 

The Company currently recognizes revenue from the sale of merchandise through its online platforms. Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed or determinable, and collectability is reasonably assured. Revenue is recorded on a gross basis, net of surcharges and value added tax (“VAT”). The Company recorded revenue on a gross basis because the Company has the following indicators for gross reporting: it is the primary obligor of the sales arrangements, is subject to inventory risks of physical loss, has latitude in establishing prices, has discretion in suppliers’ selection and assumes credit risks on receivables from customers.

 

Revenue from advertising is recognized as advertisements are displayed. Revenue from software development services comprises revenue from time and material and fixed price contracts. Revenue from time and material contracts are recognized as related services are performed. Revenue on fixed price contracts is recognized in accordance with percentage of completion method of accounting.

 

Income taxes

 

The Company utilizes ASC Topic 740 (“ASC 740”) “Income taxes”, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the unaudited condensed consolidated financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

 

ASC 740 “Income taxes” clarifies the accounting for uncertainty in tax positions. This interpretation requires that an entity recognizes in the unaudited condensed consolidated financial statements the impact of a tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of income tax expense in the unaudited consolidated statements of operations and comprehensive losses. The Company evaluates the level of authority for each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of March 31, 2021 and September 30, 2020, the Company did not have any unrecognized tax benefits. The Company does not anticipate any significant increase to its liability for unrecognized tax benefit within the next 12 months.

 

As of March 31, 2021, the tax years ended December 31, 2011 through December 31, 2020 for the Company’s PRC entities remain open for statutory examination by the PRC tax authorities.

 

Foreign currency transactions and translation

 

The reporting currency of the Company is United States Dollars (the “USD”) and the functional currency of Moxian Beijing is Renminbi (the “RMB”) as China is the primary economic environment in which they operate. The functional currency of Moxian HK is the Hong Kong Dollar (the “HKD”).

 

10
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

2. Summary of principal accounting policies (Continued)

 

Foreign currency transactions and translation (continued)

 

For financial reporting purposes, the financial statements of Moxian Beijing and Moxian HK, which are prepared using their respective functional currencies, are translated into the reporting currency, USD, so to be consolidated with the Company’s. Monetary assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange ruling at the balance sheet date. Revenues and expenses are translated using average rates prevailing during the reporting period. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income (loss) in stockholders’ equity (deficiency). Transaction gains and losses are recognized in the unaudited consolidated condensed statements of operations and comprehensive loss.

 

The exchange rates applied are as follows:

 

Balance sheet items, except for equity accounts  March 31,
2021
   September 30,
2020
 
RMB:USD   6.5527    6.8141 
HKD:USD   

7.7743

    7.7502 

 

Items in the unaudited condensed consolidated statements of operations and comprehensive loss, and unaudited condensed consolidated statements of cash flows

 

   Six Months Ended
March 31,
 
   2021   2020 
RMB:USD   6.5532    7.0125 
HKD:USD   7.7546    7.7928 

 

Research and Development

 

Research and development expenses include payroll, employee benefits, stock-based compensation expense, and other related expenses associated with product development. Research and development expenses also include third-party development, programming costs, and localization costs incurred to translate software for local markets. Such costs related to software development are included in research and development expense until the point that technological feasibility is reached. Once technological feasibility is reached, such costs are capitalized and amortized as part of the cost of revenue over the estimated lives of the product.

 

11
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

2. Summary of principal accounting policies (Continued)

 

Recent accounting pronouncements

 

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in ASC 605 - Revenue Recognition (“ASC 605”) and most industry-specific guidance throughout ASC 605. The FASB has issued numerous updates that provide clarification on a number of specific issues as well as requiring additional disclosures. The core principle of ASC 606 requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASC 606 defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under existing U.S. GAAP including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation.

 

The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The guidance may be adopted through either retrospective application to all periods presented in the financial statements (full retrospective approach) or through a cumulative effect adjustment to retained earnings at the effective date (modified retrospective approach). The guidance was revised in July 2015 to be effective for private companies and emerging growth public companies for annual and interim periods beginning on or after December 15, 2018. These new standards became effective for AESE on January 1, 2019 and were adopted using the modified retrospective method. The adoption of ASC Topic 606 did not have a material impact on our consolidated financial statements as of the date of adoption, and therefore a cumulative-effect adjustment was not required.

 

In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, “Leases (Topic 842).” ASU 2016-02 requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. This amendment will be effective for private companies and emerging growth companies for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. The FASB issued ASU No. 2018-10 “Codification Improvements to Topic 842, Leases” and ASU No. 2018-11 “Leases (Topic 842) Targeted Improvements” in July 2018, and ASU No. 2018-20 “Leases (Topic 842) - Narrow Scope Improvements for Lessors” in December 2018. ASU 2018-10 and ASU 2018-20 provide certain amendments that affect narrow aspects of the guidance issued in ASU 2016-02. ASU 2018-11 allows all entities adopting ASU 2016-02 to choose an additional (and optional) transition method of adoption, under which an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. We are currently evaluating the impact that this guidance will have on our consolidated financial statements.

 

In June 2016, the FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses (Topic 326)” and also issued subsequent amendments to the initial guidance under ASU 2018-19, ASU 2019-04 and ASU 2019-05 (collectively Topic 326). Topic 326 requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. This replaces the existing incurred loss model with an expected loss model and requires the use of forward-looking information to calculate credit loss estimates. We will be required to adopt the provisions of this ASU effective on January 1, 2023, with early adoption permitted for certain amendments. Topic 326 must be adopted by applying a cumulative effect adjustment to retained earnings. The adoption of Topic 326 is not expected to have a material impact on our consolidated financial statements or disclosures.

 

12
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

2. Summary of principal accounting policies (Continued)

 

Recent accounting pronouncements (continued)

 

In August 2016, the FASB issued Accounting Standards Update (“ASU”) ASU 2016-15, “Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). The new standard will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. The new standard for private companies and emerging growth public companies is effective for fiscal years beginning after December 15, 2018. We adopted this new standard on January 1, 2019. The adoption of ASU 2016-15 did not have a material impact on our consolidated financial statements or disclosures.

 

In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The new guidance simplifies the accounting for goodwill impairment by eliminating Step 2 of the goodwill impairment test. Under current guidance, Step 2 of the goodwill impairment test requires entities to calculate the implied fair value of goodwill in the same manner as the amount of goodwill recognized in a business combination by assigning the fair value of a reporting unit to all of the assets and liabilities of the reporting unit. The carrying value in excess of the implied fair value is recognized as goodwill impairment. Under the new standard, goodwill impairment is recognized based on Step 1 of the current guidance, which calculates the carrying value in excess of the reporting unit’s fair value. The new standard is effective beginning in January 2020, with early adoption permitted. We do not expect the impact of adopting this guidance to be material to our consolidated financial statements.

 

In July 2018, the FASB issued ASU No. 2018-09, “Codification Improvements” (“ASU 2018-09”). These amendments provide clarifications and corrections to certain ASC subtopics including the following: Income Statement - Reporting Comprehensive Income – Overall (Topic 220-10), Debt - Modifications and Extinguishments (Topic 470-50), Distinguishing Liabilities from Equity – Overall (Topic 480-10), Compensation - Stock Compensation - Income Taxes (Topic 718-740), Business Combinations - Income Taxes (Topic 805-740), Derivatives and Hedging – Overall (Topic 815-10), and Fair Value Measurement – Overall (Topic 820-10). The majority of the amendments in ASU 2018-09 will be effective in annual periods beginning after December 15, 2019. The adoption of ASU 2018-09 is not expected to have a material impact on our consolidated financial statements or disclosures.

 

In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The amendments in ASU 2018-13 modify the disclosure requirements associated with fair value measurements based on the concepts in the Concepts Statement, including the consideration of costs and benefits. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of ASU 2018-13 it not expected to have a material impact our consolidated financial statements.

 

In March 2019, the FASB issued ASU 2019-02, which aligns the accounting for production costs of episodic television series with the accounting for production costs of films. In addition, ASU 2019-02 modifies certain aspects of the capitalization, impairment, presentation and disclosure requirements in Accounting Standards Codification (“ASC”) 926-20 and the impairment, presentation and disclosure requirements in ASC 920-350. This ASU must be adopted on a prospective basis and is effective for annual periods beginning after December 15, 2020, including interim periods within those years, with early adoption permitted. We are currently evaluating the impact that this pronouncement will have on our consolidated financial statements.

 

In December 2019, the FASB issued ASU 2019-12, Income Taxes – Simplifying the Accounting for Income Taxes. The new guidance simplifies the accounting for income taxes by removing several exceptions in the current standard and adding guidance to reduce complexity in certain areas, such as requiring that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. We are currently assessing the impact that adopting this guidance will have on our consolidated financial statements.

 

13
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

3. Account Receivable

 

The Company had a major account receivable, that of Beijing Bi Er Culture Communication Limited, (“Bi Er”) a limited company based in Beijing, for which the Company provided advertising and other support services under a Strategic Co-operative Agreement signed in August 2019. The balance as of March 31, 2021 is $1,345,080. However, following a breach in a separate Debt Assignment Agreement (see Note 7) in January, 2021, the Company considers the recoverability of this debtor doubtful and has made a full provision for this amount as of March 31, 2021.

 

4. Share Subscription Receivable

 

On September 30, 2019, the Company issued 2,000,000 new shares of Common Stock to Joyful Corporation Limited, (“Joyful”) a Samoa-based company at a price of $1.25 per share, for cash with total proceeds of $2.5 million. Of this amount, a sum of $400,000 was deposited as an advance upon the signing of the Share Subscription Agreement.

 

Over the course of the year to September 30, 2020, various creditors of the Company had agreed to assign their receivables from the Company to Joyful which, in turn offset these amounts against the appropriate share subscription amounts due to the Company for the shares issued. The total amounts agreed to be offset in this manner was $512,412.

 

As of March 31, 2021, the entire amount of the Share Subscription in respect of the 2,000,000 new shares noted above has been fully settled, either in the form of cash, or through an off-set of amounts the Company owed to its directors, other creditors and an unsecured loan from a unrelated third-party, Tang Junsheng (see also Note 7).

 

5. Cessation of the Mobile Application part of business and the consequential effects on the Balance Sheet

 

The Company ceased the part of its business associated with its mobile application in the year ended September 30, 2018. As a result, as of that date, it had fully provided for all its related business assets as of September 30, 2018. There has been no movement since as the business had not been re-activated. Therefore, the fully written down value of the assets remain unchanged as of March 31, 2021 and September 30, 2020, and is as follows:

 

(a) Prepayments, deposits and other receivables

 

   March 31,
2021
   September 30,
2020
 
         
Prepayments to suppliers  $567,934   $567,934 
Rental and other deposits   341,674    341,674 
Employee advances and others   32,240    32,240 
Sub total   941,848    941,848 
Less: allowance for doubtful accounts   (941,848)   (941,848)
Prepayments, deposits and other receivables, net  $-   $- 

 

(b) Property and equipment, net

 

   March 31,
2021
   September 30, 2020 
         
Electronic equipment  $2,319,545   $2,319,545 
Furniture and fixtures   70,596    70,596 
Leasehold improvements   263,609    263,609 
Total property and equipment   2,653,750    2,653,750 
Less: Accumulated depreciation and amortization   (2,653,750)   (2,653,750)
Total property and equipment, net  $-   $- 

 

(c) Intangible assets

 

   March 31,
2021
   September 30, 2020 
         
IP rights  $1,410,335   $1,410,335 
Other intangible assets   394,883    394,883 
    1,805,218   $1,805,218 
Less: accumulated amortization   (1,805,218)   (1,805,218)
Net intangible assets  $-   $- 

 

14
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

6. Accruals and other payables

 

    March 31, 2021     September 30, 2020  
             
Salaries payable   $ 21,300     $ 61,761  
Directors’ fees     37,500       398,250  
Accrued expenses     228,737       330,006  
Other payables and provisions     735,328       735,328  
    $ 1,022,865     $ 1,535,335  

 

7. Loans

 

   March 31, 2021   September 30, 2020 
Loans Payable:          
Tang Junsheng   -    308,185 
Others   91,565    51,364 
    91,565    359,549 

 

In August 2020, Mr. Junsheng Tang (“Mr. Tang”) filed a civil action against Moxian Technologies (Beijing) Co. Ltd. (“Moxian Beijing”) for the recovery of RMB 2,100,000 (approximately $321,096) which was the remaining part of a loan that Mr. Tang advanced to Moxian Beijing in January 2019. Mr. Tang was awarded judgment by the People’s Court in Fuzhou, China and Moxian Beijing was ordered to pay Mr. Tang RMB 2,220,000 (approximately $323,000) inclusive of interest and costs. On December 11, 2020, Mr. Tang assigned his debt from Moxian Beijing to Beijing Bi Er Culture and Communication Co., Ltd. (“Beijing Bi Er”), which undertook to settle the full amount pursuant to a Debt Assignment Agreement (the “Assignment Agreement”). The Assignment Agreement became effective in January 2021.

 

On April 26, 2021, the Audit Committee of the Company’s Board of Directors learned that Bi Er had breached the Assignment Agreement by failing to pay necessary funds to Mr. Tang by January 19, 2021. However, Mr. Deng Conglin (“Mr. Deng”) remitted a sum of RMB 2,400,000 on January 20, 2021 to Moxian Beijing, from which amount, Moxian Beijing fully settled the amount due to Mr. Tang. Following the repayment to Mr. Tang, Mr. Deng received 269,909 shares of the Company’s common stock from Joyful Corporation Limited (“Joyful”), which had previously been issued 2,000,000 shares of the Company’s common stock. As previously disclosed, various creditors of the Company, including Mr. Tang, had agreed to assign their receivables from the Company to Joyful which, in turn, offset these receivables through the transfer of such shares to those creditors. Per that agreement, Mr. Tang was to have received 269,909 shares; instead, in consideration for payments by Mr. Deng to Mr. Tang, the 269,909 shares were transferred from Joyful to Mr. Deng.

 

8. Income taxes

 

The Company and its subsidiaries file separate income tax returns.

 

The United States of America

 

Moxian is incorporated in the State of Nevada in the U.S. and is subject to U.S. federal corporate income taxes. The State of Nevada does not impose any state corporate income tax. As of March 31, 2021, future net operation losses of approximately $8.9 million are available to offset future operating income through 2036.

 

On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the “2017 Tax Act”) was signed into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a U.S. corporate tax rate decrease from 35% to 21% effective for tax years beginning after December 31, 2017, the transition of U.S international taxation from a worldwide tax system to a territorial system, and a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017. As the Company has a September 30 fiscal year-end, the lower corporate income tax rate will be phased in, resulting in a U.S. statutory federal rate of approximately 24.5% for our fiscal year ended September 30, 2018, and 21% for subsequent fiscal years. Accordingly, we have to remeasure our deferred tax assets on net operating loss carryforward in the U.S at the lower enacted cooperated tax rate of 21%. However, this remeasurement has no effect on the Company’s income tax expenses as the Company has provided a 100% valuation allowance on its deferred tax assets previously.

 

Additionally, the 2017 Tax Act imposes a one-time transition tax on deemed repatriation of historical earnings of foreign subsidiaries, and future foreign earnings are subject to U.S. taxation. The change in rate has caused us to remeasure all U.S. deferred income tax assets and liabilities for temporary differences and NOL carryforwards and recorded one-time income tax payable to be paid in 8 years. However, this one-time transition tax has no effect on the Company’s income tax expenses as the Company has no undistributed foreign earnings prior to December 31, 2017, as the Company has cumulative foreign losses as of March 31, 2021.

 

15
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

8. Income taxes (continued)

 

British Virgin Islands

 

Moxian BVI is incorporated in the British Virgin Islands. Under the current laws of the British Virgin Islands, Moxian BVI is not subject to tax on income or capital gains. In addition, upon payments of dividends by Moxian BVI, no British Virgin Islands withholding tax is imposed.

 

Hong Kong

 

Moxian HK is incorporated in Hong Kong and Hong Kong’s profits tax rate is 16.5%. Moxian HK did not earn any income that was derived in Hong Kong for the years ended December 31, 2020 and 2019 and therefore, Moxian HK was not subject to Hong Kong profits tax.

 

Malaysia

 

Moxian Malaysia ceased operation in June 2017.

 

PRC

 

Effective from January 1, 2008, the PRC’s statutory income tax rate is 25%. The Company’s PRC subsidiaries are subject to income tax rate of 25%, unless otherwise specified.

 

As of September 30, 2020, the Company had net operating loss carry forwards of approximately of $20.2 million in the PRC tax jurisdiction, which expires in the years 2018 through 2022.

 

Moxian Shenzhen was incorporated in the People’s Republic of China. Moxian Shenzhen did not generate taxable income in the People’s Republic of China for the period from April 8, 2013 (date of inception) to September 30, 2018 when it ceased operations.

 

Moyi was incorporated in the People’s Republic of China. Moyi did not generate taxable income in the People’s Republic of China for the period from July 19, 2013 (date of inception) to September 30, 2018 when it ceased operations.

 

Moxian Beijing was incorporated in the People’s Republic of China. Moxian Beijing did not generate taxable income in the People’s Republic of China for the period from December 10, 2015 (date of inception) to December 31, 2020.

 

The Company’s effective income tax rates were 0% for the six months ended March 31, 2021 and 2020 because of accumulated tax losses brought forward. The applicable rates of income taxes are as follows:

 

   March 31, 2021   March 31, 2020 
U.S. statutory rate   34.0%   34.0%
Foreign income not registered in the U.S.   (34.0)%   (34.0)%
PRC statutory rate   25.0%   25.0%
Changes in valuation allowance and others   (25.0)%   (25.0)%
Effective tax rate   0%   0%

 

Because of the uncertainty regarding the Company’s ability to realize its deferred tax assets, a 100% valuation allowance has been established as of March 31, 2021 and September 30, 2020, respectively.

 

As of March 31, 2021 and September 30, 2020, the valuation allowance was approximately $9.0 million. For the six months ended March 31, 2021 and 2020, there were no increase in the valuation allowance.

 

   March 31, 2021   September 30, 2020 
Deferred tax asset from net operating loss and carry-forwards  $9,032,129   $9,032,129 
Valuation allowance   (9,032,129)   (9,032,129)
Deferred tax asset, net  $-   $- 

 

16
 

 

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

9. Capital Stock

 

(a) Reverse Share Split

 

On April 5, 2019, the Board of Directors approved a Split of 1 for 5 which became effective on April 22, 2019. As a result of this reverse stock split, the number of outstanding shares of Common Stock of the Company was reduced from 67,357,222 to 13,471,529. Concurrently, the authorized share capital of the Company was reduced to 50,000,000 shares of Common Stock from 250,000,000 shares.

 

(b) Debt Exchange

 

On May 2, 2019, the Company reached an agreement with each of the three loan creditors as of September 30,2018 regarding settlement of their loans to the Company. (“Debt Exchange”). Under the agreements, the loan creditors, all three loan creditors, which were unrelated parties as of the date of the agreements, would write off a total of $6,243,439 of the loans due from the Company and would accept a total of 720,000 shares of Common Stock at a price of $1.50 per share, in settlement of the remaining balances of the loans. The 720,000 new shares of Common Stock were issued on September 30, 2019.

 

(c) Public Offering Warrants

 

In connection with and upon closing of the Public Offering on November 14, 2016, the Company issued warrants equal to four percent (4%) of the shares issued in the Public Offering, totaling 100,050 units to the placement agents for the offering. The warrants carry a term of five years and shall be exercisable at a price equal to $4.60 per share. Management determined that these warrants meet the definition of a derivative under ASC 815-40, however, they fall under the scope exception which states that contracts issued that are both (a) indexed to its own stock; and (b) classified in stockholders’ equity are not considered derivatives. The warrants were recorded at their fair value on the date of grant as a component of stockholders’ deficiency.

 

The aggregated fair value of the Public Offering Warrants on November 14, 2016 was $280,042. The fair value has been estimated using the Black-Scholes pricing model with the following weighted-average assumptions: market value of underlying stock of $4.09; risk free rate of 1.66%; expected term of 5 years; exercise price of the warrants of $4.60; volatility of 90.7%; and expected future dividends of Nil. As of December 31, 2021 100,060 shares of warrants were issued and outstanding; and none of the warrants has been exercised.

 

(d) New issuance of shares

 

In March, 2021, the Company issued a total of 3,150,000 ordinary shares of common stock to four individuals, at a price of $1.25 per share. The proceeds from these issues will be used for working capital needs of the Company.

 

10. Commitments and contingencies

 

Operating Lease

 

The Company currently leases its office premises for RMB150,000 (approximately equivalent to $23,000) per month, inclusive of management fees on a tenancy agreement which will expire in November 2021, if not terminated earlier by mutual consent.

 

Legal Proceedings

 

As of March 31, 2021, the Company is not aware of any material outstanding claim and litigation against them.

 

11. Subsequent events

 

(a) Appointment of a new director

 

Effective April 1, 2021, Ms Zhao Yahui was appointed to the Board of Directors. Also, effective from April 1, 2021, the Board elected Mr. Hao Qinghu as its Chairman. Mr. Hao is also the Chief Executive Officer of the Registrant. He has been a director of the Company since January, 2016. Mr. Hao replaces Mr. William Yap Guan Hong, who had served as non-executive chairman; Mr. Yap will remain on the Board.

 

(b) Compliance with the Minimum Market Value Requirement

 

On April 6, 2021, the Company received a letter from Nasdaq notifying the Company that it had regained compliance with Nasdaq Listing Rule 5550 (b) (2) requiring the market value of the Company’s securities to be at least $35 million.

 

17
 

 

ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

 

The following discussion of our financial condition and results of operations should be read in conjunction with our unaudited condensed consolidated financial statements and the notes to those financial statements appearing elsewhere in this Report.

 

Certain statements in this Report constitute forward-looking statements. These forward-looking statements include statements, which involve risks and uncertainties, regarding, among other things, (a) our projected sales, profitability, and cash flows, (b) our growth strategy, (c) anticipated trends in our industry, (d) our future financing plans, and (e) our anticipated needs for, and use of, working capital. They are generally identifiable by use of the words “may,” “will,” “should,” “anticipate,” “estimate,” “plan,” “potential,” “project,” “continuing,” “ongoing,” “expects,” “management believes,” “we believe,” “we intend,” or the negative of these words or other variations on these words or comparable terminology. In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this filing will in fact occur. You should not place undue reliance on these forward-looking statements.

 

The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events.

 

The “Company,” “we,” “us,” “our” or “Moxian” are references to the combined business of

 

(i) Moxian, Inc., a company incorporated under the laws of Nevada;
   
(ii) Moxian CN Group Limited, a company incorporated under the laws of Independent State of Samoa (“Moxian CN Samoa”),
   
(iii) Moxian Intellectual Property Limited, a company incorporated under the laws of Independent State of Samoa (“Moxian IP Samoa”);
   
(iv) Moxian Group Limited, a company incorporated under the laws of British Virgin Islands (“Moxian BVI”),
   
(v) Moxian (Hong Kong) Limited, a limited liability company incorporated under the laws of Hong Kong (“Moxian HK”),
   
(vi) Moxian Technologies (Shenzhen) Co., Ltd., a company incorporated under the laws of People’s Republic of China (“Moxian Shenzhen”),
   
(vii) Moxian Malaysia Sdn.Bhd. (“Moxian Malaysia”), a company incorporated under the laws of Malaysia (“Moxian Malaysia”),
   
(viii) Moxian Technologies (Beijing) Co., Ltd., a company incorporated under the laws of People’s Republic of China (“Moxian Beijing”) and
   
(ix) Moxian Technologies (Shanghai) Co. Ltd., a company incorporated under the laws of the Peoples’ Republic of China (“Moxian Shanghai”) and
   
(x) Shenzhen Moyi Technologies Co. Ltd., a contractually controlled affiliate of Moxian Shenzhen formed under the laws of People’s Republic of China (“Moyi”)

   
(xi) Woodland Corporation Limited, a company incorporated under the laws of the Special Adminisrative Region of Hong Kong (“Woodland”)
   
(xii) Beijing Bit Matrix Technology Co. Ltd., a company incorporated under the laws of the Peoples’ Republic of China (“Bit Matrix”)

 

Overview

 

We have been in the O2O (“Online-to-Offline”) business since the inception of the Company until the fiscal year ended September 30, 2018. We developed an online platform for small and medium sized enterprises (“SMEs”) with physical stores to conduct business online, interact with existing customers and obtain new customers. We developed products and services are designed to allow our clients to conduct targeted advertising campaigns and promotions and attract potential customers.

 

However, due to a highly competitive market, and the slow development of our products, we have continued to incur losses in every fiscal year since inception. By September 30, 2018, we had run out of funds and the shareholders of the Company were not prepared to give further financial support. The Company decided to continue its operations in digital advertising but temporarily halt the operation of its App until its financial situation improved. The Company has since operated as a general agent for the Xinhua App, of which the Company had exclusive agreements to operate the Games Channel on its app. This business requires less manpower and funding levels. The Company currently employs 11 individuals, of which 3 are in marketing and business development and the rest in administration and finance.

 

18
 

 

Going Concern

 

In assessing the Company’s liquidity and its ability to continue as a going concern, the Company monitors and analyzes its cash and cash equivalents and its operating and capital expenditure commitments. The Company’s liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure obligations.

 

If the Company is unable to obtain the necessary additional capital on a timely basis and on acceptable terms, it will be unable to implement its current plans for expansion, repay debt obligations or respond to competitive pressures. Any of these factors would have a material adverse effect on its business, prospects, financial condition and results of operations and raise substantial doubts about the ability of the Company to continue as a going concern. The consolidated financial statements for the periods ended December 31, 2019 and 2018 have been prepared on a going concern basis and do not include any adjustments to reflect the possible future effects on the recoverability and classifications of assets or the amounts and classifications of liabilities that may result from the inability of the Company to continue as a going concern.

 

For the three months ended March 31, 2021 compared with the three months ended March 31, 2020

 

The financial results for the three months ended March 31, 2021 have been adversely affected by the loss of a major client, Bi Er, following the expiration of the Co-operation and Strategic Partnership Agreement. During this quarter, the Company increased its resources to win new business but only managed to obtain a new client towards the end of March but no significant revenue could be billed.

 

For the six months ended March 31, 2021 compared with the six months ended March 31, 2020

 

In the six months ended March 31, 2021, the Company failed to generate sufficient revenue to cover its operating expenses as there was no revenue in the first quarter of the financial year, following the end of a contractual arrangement with a major client. Efforts to broaden the advertising base were difficult and did not really materialize until towards the end of the second quarter.

 

Critical Accounting Policies and Estimates

 

Use of estimates

 

The preparation of the unaudited condensed consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the accompanying unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates required to be made by management include but not limited to, useful lives of property and equipment, intangible assets valuation, inventory valuation and deferred tax assets. Actual results could differ from those estimates.

 

Recently Issued Accounting Pronouncements

 

Reference is made to the “Recent Accounting Pronouncements” in Note 2 to the Unaudited Condensed Consolidated Financial Statements included in this Report for information related to new accounting pronouncements, as well as the related impact of those recent accounting pronouncements.

 

Off-Balance Sheet Arrangements

 

As of March 31, 2021, we did not have any off-balance sheet arrangements.

 

19
 

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

Pursuant to Item 305(e) of Regulation S-K (§ 229.305(e)), the Company is not required to provide the information required by this Item as it is a “smaller reporting company,” as defined by Rule 229.10(f)(1).

 

ITEM 4. CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures

 

As of March 31, 2021, the Company carried out an evaluation, under the supervision of and with the participation of management, including our Company’s chief executive officer, of the effectiveness of the design and operation of our Company’s disclosure controls and procedures under the 2013 COSO framework. Based on the foregoing, the chief executive officer concluded that our Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) were ineffective in timely alerting management to information required to be included in the Company’s periodic filings to the Securities and Exchange Commission filings.

 

Based on such evaluation, our CEO and CFO have concluded that as of March 31, 2021, the Company’s disclosure controls and procedures were ineffective due to the Company’s lacks of formal documented controls and procedures applicable to all officers and directors to disclose the required information under the Exchange Act.

 

Management’s Report on Internal Control over Financial Reporting

 

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Exchange Act. It is a process designed by, or under the supervision of, the company’s principal executive and principal financial officers and effected by the company’s board of directors, management and other personnel. The objective is to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America and includes those policies and procedures that:

 

  Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company;
     
  Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and
     
  Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company’s assets that could have a material effect on the financial statements.

 

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Because of the inherent limitations of internal control, there is a risk that material misstatements may not be prevented or detected on a timely basis by the internal controls over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate, this risk.

 

20
 

 

As of March 31, 2021, management assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control over financial reporting established in by the Committee of Sponsoring Organizations of the Treadway Commission’s 2013 Internal Control Integrated Framework and SEC guidance on conducting such assessments. Based on that evaluation, they concluded that, during the period covered by this report, such internal controls and procedures were not effective to detect the inappropriate application of US GAAP rules. This was primarily due to deficiencies that existed in the design or operation of our internal controls over financial reporting that adversely affected our internal controls. These deficiencies may be considered to be material weaknesses.

 

Identified Material Weakness

 

A material weakness in internal control over financial reporting is a control deficiency, or combination of control deficiencies, that results in more than a remote likelihood that a material misstatement of the financial statements will not be prevented or detected.

 

Management identified the following material weaknesses during its assessment of internal controls over financial reporting as of March 31, 2021:

 

  (1) A lack of understanding of the requirements of NASDAQ, made worse by a poor command of the English language at the senior levels of management.
     
  (2) Lack of timely communications or selective reporting between the CEO and the Board of Directors
     
  (3) There are no written policies and procedures covering such operational activities such as sales and procurement due to a lack of staff stability, especially at senior management levels.
     
  (4) Chinese accounting practices require standard official invoices to be issued and paid before they can be recognized in the accounting records leading to cut-off issues at every period end, so special procedures have to be adopted to ensure proper accounting.
     
  (5) There have instances where the Company’s CEO has not complied with guidelines on authorization limits for payments and such actions have required subsequent review and ratifications by the Board.

 

As a result of the material weaknesses described above, management has concluded that the Company did not maintain effective internal control over financial reporting as of March 31, 2021 based on criteria established in Internal Control—Integrated Framework issued by COSO (2013 framework). However, management does not believe that any of our annual or interim financial statements issued to date contain a material misstatement as a result of the aforementioned weaknesses in our internal control over financial reporting.

 

Management’s Remediation Initiatives

 

To mediate the identified material weaknesses and other deficiencies, we have introduced the following measures:

 

  (1) Ensure that the Audit Committee meets regularly and review all related party transactions to ensure that they are in the best interest of the Company.
     
  (2) Hold monthly board meetings with telephone participation by those directors unable to attend in person.
     
  (3) Strengthen the Board with members with corporate experience and fluency in English.
     
  (4) Design and monitor controls over financial reporting, including the introduction of a proper checklist of cut-off procedures to ensure proper accounting of accruals and payables.
     
  (5) Continue to provide training to financial staff on U.S. GAAP and educate management staff and directors on NASDAQ Listing Rules and SEC Reporting Requirements.
     
  (6)

Further emphasize to Senior Management of subsidiary companies, the importance of timely reporting and the submission of complete returns to the holding company

 

Changes in internal controls over financial reporting

 

There have been no changes in our internal controls over financial reporting that occurred during the period covered by this Report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

 

21
 

 

PART II - OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS.

 

None.

 

ITEM 1A. RISK FACTORS.

 

We face risks related to Novel Coronavirus (COVID-19) which could significantly disrupt our operations, sales and financial results.

 

As of the date of this Report, the COVID-19 outbreak in China, where we operate, is under control. Although there are periodic isolated outbreaks in certain cities, the Chinese authorities have managed to control the spread of the disease within a relatively short period. However, Chinese citizens have largely not been immunized so self-imposed safety precautions such as wearing masks and avoiding social gatherings are still observed. These often bring inconveniences but generally, economic activities throughout China have not been seriously affected. However, large gatherings and mass participation events are still not common and this has affected some of the Company’s clients who promote e-sports events. We expect gradual relaxation by the city governments in the hosting of such events over the rest of our fiscal year.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

 

(a) In March, 2021, the Company issued a total of 3,150,000 ordinary shares of common stock to four individuals, at a price of $1.25 per share. The proceeds from these issues will be used as working capital of the Company.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

 

None.

 

ITEM 4. MINE SAFETY DISCLOSURES.

 

Not applicable.

 

ITEM 5. OTHER INFORMATION.

 

None.

 

22
 

 

ITEM 6. EXHIBITS.

 

31.1   Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer
31.2   Rule 13(a)-14(a)/15(d)-14(a) Certification of principal financial officer
32.1   Section 1350 Certification of principal executive officer
32.2   Section 1350 Certification of principal financial officer
101   XBRL data files of Financial Statements and Notes contained in this Quarterly Report on Form 10-Q.

 

23
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

  Moxian, Inc.
     
Date: May 17, 2021 By: /s/ Hao Qinghu
  Name: Hao Qinghu
  Title: Chief Executive Officer
    (Principal Executive Officer)

 

  Moxian, Inc.
     
Date: May 17, 2021 By: /s/ Tan Wanhong
  Name: Tan Wanhong
  Title: Chief Financial Officer
    (Principal Financial Officer)

 

24

EX-31.1 2 ex31-1.htm

 

Exhibit 31.1

 

Certification of Principal Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

and Securities and Exchange Commission Release 34-46427

 

I, Hao Qinghu, certify that:

 

(1) I have reviewed this Form 10-Q of Moxian, Inc.;

 

(2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

(3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

(4) The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

(5) The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: May 17, 2021 /s/ Hao Qinghu
  Hao Qinghu
  Chief Executive Officer (Principal Executive Officer)

 

 

 

 

EX-31.2 3 ex31-2.htm

 

Exhibit 31.2

 

Certification of Principal Financial Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

and Securities and Exchange Commission Release 34-46427

 

I, Tan Wanhong, certify that:

 

(1) I have reviewed this Form 10-Q of Moxian, Inc.;

 

(2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

(3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

(4) The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

(5) The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: May 17, 2021 /s/ Tan Wanhong
  Tan Wanhong
  Chief Financial Officer (Principal Financial Officer)

 

 

 

 

 

EX-32.1 4 ex32-1.htm

 

Exhibit 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with this Form 10-Q report of Moxian, Inc. for the period ended March 31, 2021 as filed with the Securities and Exchange Commission on the date hereof and pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, Hao Qinghu, certify that:

 

(1) This report containing the financial statements fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the this period report fairly presents, in all material respects, the financial condition and results of operations of Moxian, Inc.

 

Date: May 17, 2021 /s/ Hao Qinghu
  Hao Qinghu
  Chief Executive Officer (Principal Executive Officer)

 

 

 

 

EX-32.2 5 ex32-2.htm

 

Exhibit 32.2

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with this Form 10-Q report of Moxian, Inc. for the period ended March 31, 2021 as filed with the Securities and Exchange Commission on the date hereof and pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, Tan Wanhong, certify that:

 

(1) This report containing the financial statements fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the this period report fairly presents, in all material respects, the financial condition and results of operations of Moxian, Inc.

 

Date: May 17, 2021 /s/ Tan Wanhong
  Tan Wanhong
  Chief Financial Officer (Principal Financial Officer)

 

 

 

 

 

 

 

EX-101.INS 6 moxc-20210331.xml XBRL INSTANCE FILE 0001516805 2020-10-01 2021-03-31 0001516805 2020-09-30 0001516805 MOXC:JoyfulCorporationLimitedMember 2019-09-30 0001516805 2019-10-01 2020-09-30 0001516805 2021-03-31 0001516805 2019-10-01 2020-03-31 0001516805 MOXC:MoxianGroupLimitedMember MOXC:LicenseAndAcquisitionAgreementMember 2014-02-19 2014-02-21 0001516805 MOXC:LicenseAndAcquisitionAgreementMember us-gaap:IntellectualPropertyMember 2014-02-19 2014-02-21 0001516805 MOXC:MoxianCNSamoaFromRebelGroupIncMember 2012-07-03 0001516805 MOXC:MoxianCNSamoaFromRebelGroupIncMember MOXC:EquityTransferAgreementMember 2015-01-30 0001516805 2019-04-20 2019-04-22 0001516805 2019-04-22 0001516805 MOXC:LicenseAndAcquisitionAgreementMember MOXC:ThreeLoanCreditorsMember 2019-05-02 0001516805 MOXC:LicenseAndAcquisitionAgreementMember MOXC:ThreeLoanCreditorsMember 2019-05-01 2019-05-02 0001516805 MOXC:LicenseAndAcquisitionAgreementMember MOXC:ThreeLoanCreditorsMember 2018-10-01 2019-09-30 0001516805 MOXC:JoyfulCorporationLimitedMember 2019-06-20 2019-06-21 0001516805 us-gaap:IPOMember 2016-11-13 2016-11-14 0001516805 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2020-09-30 0001516805 MOXC:RenminbiAndUnitedStatesDollarMember 2020-09-30 0001516805 MOXC:HongKongDollarAndUnitedStatesDollarMember 2020-09-30 0001516805 MOXC:ElectronicEquipmentMember 2020-09-30 0001516805 us-gaap:FurnitureAndFixturesMember 2020-09-30 0001516805 us-gaap:LeaseholdImprovementsMember 2020-09-30 0001516805 us-gaap:IntellectualPropertyMember 2020-09-30 0001516805 us-gaap:OtherIntangibleAssetsMember 2020-09-30 0001516805 MOXC:TangJunshengMember 2020-09-30 0001516805 MOXC:OthersMember 2020-09-30 0001516805 MOXC:MoxianTechnologiesBeijingCoLtdMember MOXC:RMBMember 2017-09-30 0001516805 MOXC:EquityTransferAgreementMember MOXC:MoxianIPSamoaMember 2015-01-29 2015-01-30 0001516805 us-gaap:IPOMember 2016-11-14 0001516805 MOXC:JoyfulCorporationLimitedMember 2019-06-21 0001516805 MOXC:JoyfulCorporationLimitedMember us-gaap:CallOptionMember 2019-06-21 0001516805 MOXC:JoyfulCorporationLimitedMember us-gaap:CallOptionMember 2019-06-20 2019-06-21 0001516805 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2021-03-31 0001516805 MOXC:ElectronicEquipmentMember srt:MinimumMember 2020-10-01 2021-03-31 0001516805 MOXC:ElectronicEquipmentMember srt:MaximumMember 2020-10-01 2021-03-31 0001516805 us-gaap:FurnitureAndFixturesMember srt:MinimumMember 2020-10-01 2021-03-31 0001516805 us-gaap:FurnitureAndFixturesMember srt:MaximumMember 2020-10-01 2021-03-31 0001516805 us-gaap:LeaseholdImprovementsMember 2020-10-01 2021-03-31 0001516805 MOXC:RenminbiAndUnitedStatesDollarMember 2021-03-31 0001516805 MOXC:HongKongDollarAndUnitedStatesDollarMember 2021-03-31 0001516805 MOXC:RenminbiAndUnitedStatesDollarMember 2020-10-01 2021-03-31 0001516805 MOXC:HongKongDollarAndUnitedStatesDollarMember 2020-10-01 2021-03-31 0001516805 MOXC:RenminbiAndUnitedStatesDollarMember 2019-10-01 2020-03-31 0001516805 MOXC:HongKongDollarAndUnitedStatesDollarMember 2019-10-01 2020-03-31 0001516805 MOXC:ElectronicEquipmentMember 2021-03-31 0001516805 us-gaap:FurnitureAndFixturesMember 2021-03-31 0001516805 us-gaap:LeaseholdImprovementsMember 2021-03-31 0001516805 us-gaap:IntellectualPropertyMember 2021-03-31 0001516805 us-gaap:OtherIntangibleAssetsMember 2021-03-31 0001516805 2020-03-31 0001516805 MOXC:TangJunshengMember 2021-03-31 0001516805 MOXC:OthersMember 2021-03-31 0001516805 country:CN 2020-10-01 2021-03-31 0001516805 MOXC:RenminbiMember 2020-10-01 2021-03-31 0001516805 2021-05-07 0001516805 2021-01-01 2021-03-31 0001516805 2020-01-01 2020-03-31 0001516805 2019-10-01 2019-12-31 0001516805 2020-10-01 2020-12-31 0001516805 MOXC:MoxianTechnologiesBeijingCoLtdMember 2017-09-30 0001516805 2018-10-01 2019-03-31 0001516805 country:HK 2019-10-01 2019-12-31 0001516805 us-gaap:CommonStockMember 2020-10-01 2021-03-31 0001516805 us-gaap:CommonStockMember 2020-09-30 0001516805 us-gaap:CommonStockMember 2021-03-31 0001516805 us-gaap:CommonStockMember 2019-09-30 0001516805 us-gaap:CommonStockMember 2020-03-31 0001516805 us-gaap:AdditionalPaidInCapitalMember 2020-09-30 0001516805 us-gaap:AdditionalPaidInCapitalMember 2021-03-31 0001516805 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001516805 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0001516805 us-gaap:RetainedEarningsMember 2020-09-30 0001516805 us-gaap:RetainedEarningsMember 2021-03-31 0001516805 us-gaap:RetainedEarningsMember 2019-09-30 0001516805 us-gaap:RetainedEarningsMember 2020-03-31 0001516805 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-09-30 0001516805 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-03-31 0001516805 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001516805 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-03-31 0001516805 MOXC:JoyfulCorporationLimitedMember 2019-09-28 2019-09-30 0001516805 MOXC:JoyfulCorporationLimitedMember 2020-09-28 2020-09-30 0001516805 2020-12-31 0001516805 country:HK 2020-10-01 2020-12-31 0001516805 us-gaap:StateAndLocalJurisdictionMember country:CN 2020-09-30 0001516805 us-gaap:StateAndLocalJurisdictionMember country:CN 2019-10-01 2020-09-30 0001516805 country:US 2020-10-01 2021-03-31 0001516805 srt:BoardOfDirectorsChairmanMember 2019-04-04 2019-04-05 0001516805 srt:BoardOfDirectorsChairmanMember 2019-04-21 0001516805 srt:BoardOfDirectorsChairmanMember 2019-04-22 0001516805 MOXC:EachOfTheThreeLoanCreditorsMember 2019-05-01 2019-05-02 0001516805 MOXC:EachOfTheThreeLoanCreditorsMember 2019-05-02 0001516805 us-gaap:WarrantMember 2016-11-14 0001516805 MOXC:EachOfTheThreeLoanCreditorsMember 2018-10-01 2019-09-30 0001516805 srt:ScenarioForecastMember us-gaap:WarrantMember 2021-12-31 0001516805 us-gaap:WarrantMember us-gaap:MeasurementInputSharePriceMember 2021-03-31 0001516805 us-gaap:WarrantMember us-gaap:MeasurementInputRiskFreeInterestRateMember 2021-03-31 0001516805 us-gaap:WarrantMember us-gaap:MeasurementInputExpectedTermMember 2020-03-31 0001516805 us-gaap:WarrantMember us-gaap:MeasurementInputExercisePriceMember 2021-03-31 0001516805 us-gaap:WarrantMember us-gaap:MeasurementInputOptionVolatilityMember 2021-03-31 0001516805 us-gaap:WarrantMember us-gaap:MeasurementInputExpectedDividendRateMember 2021-03-31 0001516805 us-gaap:SubsequentEventMember 2021-04-05 2021-04-06 0001516805 MOXC:MrJunshengTangMember MOXC:RMBMember 2020-08-31 0001516805 MOXC:MrJunshengTangMember 2020-08-31 0001516805 MOXC:MrJunshengTangMember MOXC:RMBMember 2020-10-01 2021-03-31 0001516805 MOXC:MrJunshengTangMember 2020-10-01 2021-03-31 0001516805 MOXC:MrDengConglinMember MOXC:RMBMember 2021-01-19 2021-01-20 0001516805 MOXC:MrDengConglinMember 2020-10-01 2021-03-31 0001516805 MOXC:JoyfulCorporationLimitedMember 2020-10-01 2021-03-31 0001516805 2019-09-30 0001516805 us-gaap:SubsequentEventMember srt:MinimumMember 2021-04-06 0001516805 us-gaap:CommonStockMember 2021-01-01 2021-03-31 0001516805 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0001516805 us-gaap:CommonStockMember 2020-12-31 0001516805 us-gaap:CommonStockMember 2019-12-31 0001516805 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-03-31 0001516805 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0001516805 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001516805 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001516805 us-gaap:RetainedEarningsMember 2021-01-01 2021-03-31 0001516805 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0001516805 us-gaap:RetainedEarningsMember 2020-12-31 0001516805 us-gaap:RetainedEarningsMember 2019-12-31 0001516805 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-03-31 0001516805 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-03-31 0001516805 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001516805 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001516805 2019-12-31 0001516805 us-gaap:CommonStockMember 2020-10-01 2020-12-31 0001516805 us-gaap:CommonStockMember 2019-10-01 2019-12-31 0001516805 us-gaap:AdditionalPaidInCapitalMember 2020-10-01 2020-12-31 0001516805 us-gaap:AdditionalPaidInCapitalMember 2019-10-01 2019-12-31 0001516805 us-gaap:RetainedEarningsMember 2020-10-01 2020-12-31 0001516805 us-gaap:RetainedEarningsMember 2019-10-01 2019-12-31 0001516805 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-10-01 2020-12-31 0001516805 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-10-01 2019-12-31 0001516805 country:US 2019-10-01 2020-03-31 0001516805 country:CN 2019-10-01 2020-03-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure iso4217:GBP 10-Q false 2021-03-31 Q2 2021 --09-30 Moxian, Inc. 0001516805 Yes Non-accelerated Filer true false false Yes 5249 3627303 1462698 827710 2295657 3627303 359549 91565 308185 51364 91565 1894884 1320452 2043779 2043779 400773 2306851 16191 19341 40114606 44048956 -40661350 -42725559 931326 964113 400773 2306851 156633 16191 19341 16191 16191 40114608 44048956 40114606 40114606 -40661350 -42725559 -40734066 -40657497 931326 964113 751956 683333 91280 148687 16191 16191 40114606 40114606 -41048510 -40509648 1008993 724434 345583 0.001 0.001 100000000 100000000 0.001 0.001 50000000 50000000 250000000 50000000 250000000 16191529 19341529 16191529 19341529 67357222 13471529 22890 383375 22890 -2064209 76697 -1677049 -147721 -2064209 76697 -1677049 -147849 224418 -387160 -1677049 -147849 -387160 224418 -0.12 0.004 -0.11 -0.009 16191529 16191529 16191529 16191529 720000 720000 2501250 3150000 2000000 720000 720000 3150000 -907959 -760254 4765210 1318087 2500000 3589267 -417518 5249 3627303 8114 425632 1000000 1000000 1.00 1.00 1-for-5 reverse share split Split of 1 for 5 which became effective on April 22 2019 1.25 4.00 1.25 1.25 1.25 1.50 6243439 Under the agreements, all three loan creditors, which are unrelated parties as of the date of the agreements, would write off a total of $6,243,439 of the loans due from the Company and would accept a total of 720,000 shares of Common Stock in settlement of the remaining balances of the loans. The 720,000 new shares of Common Stock were issued on September, 30, 2019. 2000000 690000 8500000 Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. 2043779 2043779 P3Y P6Y P3Y P6Y 6.8141 7.7502 6.5527 7.7743 6.5532 7.7546 7.0125 7.7928 567934 567934 32240 32240 941848 941848 2653750 2653750 2319545 70596 263609 2319545 70596 263609 1805218 1805218 1410335 394883 1410335 394883 -1805218 -1805218 61761 21300 398250 37500 1535335 1022865 2500000 10000000 1500000 6782000 10005000 Shorter of estimated useful life or term of lease 8900000 20200000 Future operating income through 2036. The Company had net operating loss carry forwards of approximately of $20.2 million in the PRC tax jurisdiction, which expires in the years 2018 through 2022. 0.21 0.245 0.25 1.00 1.00 1.00 0.00 0.00 0.00 0.165 0.165 The change in rate has caused us to remeasure all U.S. deferred income tax assets and liabilities for temporary differences and NOL carryforwards and recorded one-time income tax payable to be paid in 8 years. 9032129 9032129 0.250 0.340 0.340 0.250 9032129 9032129 23000 150000 0 0 32787 -148 -44880 -148 -2031422 76549 -1721929 -147869 19341529 -512470 -836803 211792 32787 -68593 -494183 -705975 4497226 1117304 On February 21, 2014, Moxian acquired Moxian Group Limited ("Moxian BVI"), together with its subsidiaries, Moxian (Hong Kong) Limited ("Moxian HK"), Moxian Technology (Shenzhen) Co., Ltd. ("Moxian Shenzhen"), and Moxian Malaysia Sdn. Bhd.("Moxian Malaysia") through our wholly owned subsidiary, Moxian CN Samoa from Rebel Group, Inc. ("REBL"), a company incorporated in the State of Florida and of which our previous Chief Executive Officer, Tan Meng Dong, is a promoter as the term is defined under Rule 405 of Regulation C promulgated under the Securities Act, by entering into a License and Acquisition Agreement (the "License and Acquisition Agreement") in consideration of $1,000,000 ("Moxian BVI Purchase Price"). As a result, Moxian BVI, together with its subsidiaries, Moxian HK, Moxian Shenzhen, and Moxian Malaysia, became the Company's subsidiaries. Under the License and Acquisition Agreement, REBL also agreed to grant us the exclusive right to use REBL's intellectual property rights (collectively, the "IP Rights") in Mainland China, Malaysia, and other countries and regions where REBL conducts its business (the "Licensed Territory"), and the exclusive right to solicit, promote, distribute and sell REBL products and services in the Licensed Territory for five years (the "License,") and in consideration of such License, the Company agreed to pay to REBL (i) $1,000,000 as license maintenance royalty each year commencing on the first anniversary of the date of the License Agreement; and (ii) 3% of the gross profits resulting from the distribution and sale of the products and services on behalf of the Company as an earned royalty. 330006 228737 627207 240047 147721 735328 735328 On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") was signed into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a U.S. corporate tax rate decrease from 35% to 21% effective for tax years beginning after December 31, 2017, the transition of U.S international taxation from a worldwide tax system to a territorial system, and a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017. As the Company has a September 30 fiscal year-end, the lower corporate income tax rate will be phased in, resulting in a U.S. statutory federal rate of approximately 24.5% for our fiscal year ended September 30, 2018, and 21% for subsequent fiscal years. Accordingly, we have to remeasure our deferred tax assets on net operating loss carryforward in the U.S at the lower enacted cooperated tax rate of 21%. However, this remeasurement has no effect on the Company's income tax expenses as the Company has provided a 100% valuation allowance on its deferred tax assets previously. 2021-11-30 91565 16191529 19341529 16191529 16191529 16191529 16191529 -44880 -41101 -27552 77667 -44880 -41101 77667 -27552 400000 512412 2000000 341674 341674 0.340 0.340 0.250 0.250 6243439 100050 100060 P5Y P5Y 4.60 280042 35000000 On April 6, 2021, the Company received a letter from Nasdaq notifying the Company has regained compliance with Nasdaq Listing Rule 5550 (b) (2) requiring the market value of the Company’s securities to be at least $35 million. 2100000 321096 2220000 323000 2400000 269909 2000000 2653750 2653750 941848 941848 0.04 4.09 1.66 4.60 90.7 0 1459892 306628 1459892 206022 1462698 -359549 -200783 -206022 3937500 3150 3934350 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>1. Organization and Corporate Developments</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Organization of the Group</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moxian, Inc. (formerly known as Moxian China, Inc., hereinafter referred as &#8220;Moxian,&#8221; together with its subsidiaries and variable interest entity, the &#8220;Company&#8221;), was incorporated under the laws of the State of Nevada on October 12, 2010. The Company, through its subsidiaries and variable interest entity, engages in the business of operating a social network platform that integrates social media and business into one single platform. The Company has devoted its efforts to develop a mobile application and online platform that facilitate the small to medium size businesses to attract more clients. The Company&#8217;s ability to generate sufficient funds to meet its working capital requirements is dependent upon its ability to develop additional sources of capital, develop apps and websites, generate servicing income, and ultimately, achieve profitable operations (see Note 2).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 17, 2014, the Company incorporated Moxian CN Group Limited (&#8220;Moxian CN Samoa&#8221;) under the laws of Samoa.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 21, 2014, Moxian acquired Moxian Group Limited (&#8220;Moxian BVI&#8221;), together with its subsidiaries, Moxian (Hong Kong) Limited (&#8220;Moxian HK&#8221;), Moxian Technology (Shenzhen) Co., Ltd. (&#8220;Moxian Shenzhen&#8221;), and Moxian Malaysia Sdn. Bhd.(&#8220;Moxian Malaysia&#8221;) through our wholly owned subsidiary, Moxian CN Samoa from Rebel Group, Inc. (&#8220;REBL&#8221;), a company incorporated in the State of Florida and of which our previous Chief Executive Officer, Tan Meng Dong, is a promoter as the term is defined under Rule 405 of Regulation C promulgated under the Securities Act, by entering into a License and Acquisition Agreement (the &#8220;License and Acquisition Agreement&#8221;) in consideration of $1,000,000 (&#8220;Moxian BVI Purchase Price&#8221;). As a result, Moxian BVI, together with its subsidiaries, Moxian HK, Moxian Shenzhen, and Moxian Malaysia, became the Company&#8217;s subsidiaries. Under the License and Acquisition Agreement, REBL also agreed to grant us the exclusive right to use REBL&#8217;s intellectual property rights (collectively, the &#8220;IP Rights&#8221;) in Mainland China, Malaysia, and other countries and regions where REBL conducts its business (the &#8220;Licensed Territory&#8221;), and the exclusive right to solicit, promote, distribute and sell REBL products and services in the Licensed Territory for five years (the &#8220;License,&#8221;) and in consideration of such License, the Company agreed to pay to REBL (i) $1,000,000 as license maintenance royalty each year commencing on the first anniversary of the date of the License Agreement&#894; and (ii) 3% of the gross profits resulting from the distribution and sale of the products and services on behalf of the Company as an earned royalty.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 30, 2015, the Company entered into an Equity Transfer Agreement (such transaction, the &#8220;Equity Transfer Transaction&#8221;) with REBL, to acquire from REBL, 100% of the equity interests of Moxian Intellectual Property Limited, a company incorporated under the laws of Samoa and a wholly-owned subsidiary of REBL (&#8220;Moxian IP Samoa&#8221;) for $6,782,000. Moxian IP Samoa owns all the intellectual property rights relating to the operation, use and marketing of the Moxian Platform, including all of the trademarks, patents and copyrights that are used in the Company&#8217;s business. As a result of the Equity Transfer Transaction, Moxian IP Samoa became a wholly-owned subsidiary of the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moxian BVI was incorporated on July 3, 2012 under the laws of British Virgin Islands. REBL owned 100% equity interests of Moxian BVI prior to the closing of the License and Acquisition Agreement, among the Company, Moxian BVI and REBL.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moxian Technologies (Beijing) Co., Ltd. (&#8220;Moxian Beijing&#8221;) was incorporated on December 10, 2015 under the laws of the People&#8217;s Republic of China and is a wholly owned subsidiary of Moxian Shenzhen. Moxian Shenzhen made an investment of RMB 10 million (approximately USD $1.5 million) in Moxian Beijing during the year ended September 30, 2017.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moxian HK was incorporated on January 18, 2013 and became Moxian BVI&#8217;s subsidiary on February 14, 2013. Moxian HK is currently engaged in the business of online social media. Moxian HK operates through two wholly owned subsidiaries: Moxian Shenzhen and Moxian Malaysia.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moxian Shenzhen is wholly owned by Moxian HK. Moxian Shenzhen was incorporated on April 8, 2013 and is engaged in the business of internet technology, computer software, commercial information consulting.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Organization of the Group (continued)</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moxian Malaysia was incorporated on March 1, 2013 and became Moxian HK&#8217;s subsidiary since April 2, 2013. Moxian Malaysia was previously in the business of IT services and media advertising but have ceased operations since June 2015.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Shenzhen Moyi Technologies Co., Ltd. (&#8220;Moyi&#8221;) was incorporated on July 19, 2013 under the laws of the People&#8217;s Republic of China and became a variable interest entity (&#8220;VIE&#8221;) of Moxian Shenzhen on July 15, 2014. Moxian Shenzhen controls Moyi through arrangement that absorbs operations risk, as if Moyi is a wholly owned subsidiary of Moxian Shenzhen.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 18, 2017, the Company entered into a Tripartite Agreement with the original shareholders of Moyi and the new shareholders of Moyi wherein the Company agrees to the transfer of the equity interests of Moyi and all related rights, liabilities and obligations under the Moyi Agreements such that the new shareholders stand in place of the old shareholders in all aspects of the Moyi Agreements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 30, 2018, a wholly-owned subsidiary of Moxian Shenzhen, Moxian Information Technologies (Shanghai) Co. Ltd. (&#8220;Moxian Shanghai&#8221;), was incorporated under the laws of the People&#8217;s Republic of China.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Corporate Developments</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 14, 2016 the Company announced the completion of a public offering of 2,501,250 shares of its common stock at a public offering price of $4.00 per share. The gross proceeds from its offering were approximately $10,005,000 before deducting agents&#8217; commissions and other offering expenses, resulting in net proceeds of approximately, $8.5 million. In connection with the offering, the Company&#8217;s common stock began trading on the NASDAQ Capital Market beginning on November 15, 2016 under the symbol &#8220;MOXC&#8221;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 22, 2019, the Company implemented a 1-for-5 reverse share split and concurrently reduced its authorized shares of common stock from 250,000,000 to 50,000,000 (See Note 8 (c) Reverse Share Split).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 2, 2019, the Company reached an agreement with each of its three loan creditors as of September 30, 2018 regarding settlement of their loans to the Company. Under the agreements, all three loan creditors, which are unrelated parties as of the date of the agreements, would write off a total of $6,243,439 of the loans due from the Company and would accept a total of 720,000 shares of Common Stock in settlement of the remaining balances of the loans. The 720,000 new shares of Common Stock were issued on September, 30, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 21, 2019, the Company entered into an Agreement (&#8220;the Agreement&#8221;) with Joyful Corporation Limited (the &#8220;Investor&#8221;) whereby the Investor (a) purchased from the Company 2,000,000 shares of the Company&#8217;s common stock at a price of $1.25 per share for aggregate gross proceeds of $2,500,000 and (b) acquired from the Company a call option to purchase up to 690,000 shares of the Company&#8217;s common stock at a price per share of $1.25; the option expired on September 30, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 20, 2019, 369 Technologies (Beijing) Co. Ltd., was incorporated under the laws of the People&#8217;s Republic of China as a wholly-owned subsidiary of Woodland Corporation. It has not commenced operations as of March 31, 2021. On March 18, 2021, 369 Technologies (Beijing) Co. Ltd. changed its name to Beijing Bit Matrix Technology Co. Ltd.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company has two main divisions of business. It is in the O2O (&#8220;Online-to-Offline&#8221;) business with the development of an online platform for small and medium sized enterprises (&#8220;SMEs&#8221;) with physical stores to conduct business online, interact with existing customers and obtain new customers. It also operates pursuant to an exclusive agreement, the Games Channel of the state-owned Xinhua News Agency App and is a general agent for all advertisements on this mobile application.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">However, due to the highly competitive nature of the O2O market, and the slow development of its products, the Company has incurred losses since inception. By September 30, 2018, the Company had run out of funds and some of the major shareholders of the Company were not prepared to give further financial support. The Company decided to continue its operations in the digital advertising business but temporarily halt the operation of its App until its financial situation improved.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>2. Summary of principal accounting policies</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Basis of presentation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (&#8220;US GAAP&#8221;) and reflect the activities of the following subsidiaries and VIE: Moxian CN Samoa, Moxian BVI, Moxian HK, Moxian Beijing, and Moxian IP Samoa. All inter-company transactions and balances have been eliminated in the consolidation. All other subsidiary companies and the sole VIE, Moyi, have been inactive since September 30, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited interim condensed consolidated financial information as of March 31, 2020 and for the six months ended March 31, 2020 and 2019 have been prepared, pursuant to the rules and regulations of the Securities and Exchange Commission (the &#8220;SEC&#8221;). Certain information and footnote disclosures, which are normally included in annual consolidated financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited interim condensed consolidated financial information should be read in conjunction with the consolidated financial statements and the notes thereto, included in the Company&#8217;s Form 10-K for the fiscal year ended September 30, 2019, previously filed with the SEC on January 14, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Basis of presentation (continued)</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company&#8217;s unaudited condensed consolidated financial position as of March 31, 2021 and of its unaudited condensed consolidated results of operations for the six months ended March 31, 2021 and 2020, and of its unaudited condensed consolidated cash flows for the six months ended March 31, 2021 and 2020, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following assets and liabilities of the VIE, which has been dormant since September 30, 2018, are included in the accompanying consolidated financial statements of the Company as of March 31, 2021 and September 30, 2019:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Current assets</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Non-current assets</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Total assets</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%"><font style="font-size: 10pt">Current liabilities</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Non-current liabilities</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Total liabilities</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Reclassification</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Certain prior period amounts have been reclassified to conform to the current period presentation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Going Concern</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">As explained in Note 1, the Company has had only a single line of business since September 30, 2018 due to a lack of working capital.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">In assessing the Company&#8217;s liquidity and its ability to continue as a going concern, the Company monitors and analyzes its cash and cash equivalents and its operating and capital expenditure commitments. The Company&#8217;s liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure obligations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">If the Company is unable to obtain the necessary additional capital on a timely basis and on acceptable terms, it will be unable to implement its current plans for expansion, repay debt obligations or respond to competitive pressures. Any of these factors would have a material adverse effect on its business, prospects, financial condition and results of operations and raise substantial doubts about the ability of the Company to continue as a going concern. The consolidated financial statements for the period ended March 31, 2020 and September 30, 2019 have been prepared on a going concern basis and do not include any adjustments to reflect the possible future effects on the recoverability and classifications of assets or the amounts and classifications of liabilities that may result from the inability of the Company to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Risks and Uncertainties</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company&#8217;s operations are substantially carried out in the People&#8217;s Republic of China (&#8220;PRC&#8221;). Accordingly, the Company&#8217;s business, financial condition and results of operations may be substantially influenced by the political, economic and legal environments in the PRC, and by the general state of the PRC&#8217;s economy. The Company&#8217;s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company&#8217;s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Since September 30, 2018 the Company&#8217;s operations have been carried out in its Beijing subsidiary, Moxian Beijing, whereas the intermediate company in Hong Kong, Moxian HK, provides support for the treasury and corporate functions. All other companies of the Group are dormant and have no business operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Fair value of financial instruments</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company follows the provisions of Accounting Standards Codification (&#8220;ASC&#8221;) 820, &#8220;Fair Value Measurements and Disclosures.&#8221; ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Level 1-Observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Level 2-Inputs other than quoted prices that are observable for the asset or liability in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Level 3-Inputs are unobservable inputs which reflect management&#8217;s assumptions based on the best available information.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The carrying value of cash and cash equivalents, restricted cash, prepayments, deposits and other receivables, Value added tax recoverable, accruals and other payables, loans from related parties and stock subscription payable approximate their fair values because of the short-term nature of these instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Use of estimates</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the accompanying unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates required to be made by management include but not limited to, useful lives of property and equipment, intangible assets valuation, inventory valuation and deferred tax assets. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Property and Equipment, net</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and equipment are recorded at cost less accumulated depreciation and impairment. Significant additions or improvements extending useful lives of assets are capitalized. Maintenance and repairs are charged to expense as incurred. Depreciation and amortization are computed using the straight-line method over the estimated useful lives as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px">&#160;</td> <td style="width: 192px"><font style="font-size: 10pt">Electronic equipment</font></td> <td><font style="font-size: 10pt">3-6 years</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">Furniture and fixtures</font></td> <td><font style="font-size: 10pt">3-6 years</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td style="text-align: justify"><font style="font-size: 10pt">Leasehold improvements</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Shorter of estimated useful life or term of lease</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Impairment of long-lived assets</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company classifies its long-lived assets into: (i) computer and office equipment; (ii) furniture and fixtures, (iii) leasehold improvements, and (iv) finite &#8211; lived intangible assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be fully recoverable. It is possible that these assets could become impaired as a result of technology, economy or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, relief from royalty income approach, quoted market values and third-party independent appraisals, as considered necessary.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company makes various assumptions and estimates regarding estimated future cash flows and other factors in determining the fair values of the respective assets. The assumptions and estimates used to determine future values and remaining useful lives of long-lived assets are complex and subjective. They can be affected by various factors, including external factors such as industry and economic trends, and internal factors such as the Company&#8217;s business strategy and its forecasts for specific market expansion.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Due to the continuing losses from operations with minimal revenues, the Company recorded a valuation reserve against its remaining intangible assets in 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Revenue recognition</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company currently recognizes revenue from the sale of merchandise through its online platforms. Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed or determinable, and collectability is reasonably assured. Revenue is recorded on a gross basis, net of surcharges and value added tax (&#8220;VAT&#8221;). The Company recorded revenue on a gross basis because the Company has the following indicators for gross reporting: it is the primary obligor of the sales arrangements, is subject to inventory risks of physical loss, has latitude in establishing prices, has discretion in suppliers&#8217; selection and assumes credit risks on receivables from customers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue from advertising is recognized as advertisements are displayed. Revenue from software development services comprises revenue from time and material and fixed price contracts. Revenue from time and material contracts are recognized as related services are performed. Revenue on fixed price contracts is recognized in accordance with percentage of completion method of accounting.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Income taxes</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company utilizes ASC Topic 740 (&#8220;ASC 740&#8221;) &#8220;Income taxes&#8221;, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the unaudited condensed consolidated financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 740 &#8220;Income taxes&#8221; clarifies the accounting for uncertainty in tax positions. This interpretation requires that an entity recognizes in the unaudited condensed consolidated financial statements the impact of a tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of income tax expense in the unaudited consolidated statements of operations and comprehensive losses. The Company evaluates the level of authority for each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of March 31, 2021 and September 30, 2020, the Company did not have any unrecognized tax benefits. The Company does not anticipate any significant increase to its liability for unrecognized tax benefit within the next 12 months.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021, the tax years ended December 31, 2011 through December 31, 2020 for the Company&#8217;s PRC entities remain open for statutory examination by the PRC tax authorities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Foreign currency transactions and translation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The reporting currency of the Company is United States Dollars (the &#8220;USD&#8221;) and the functional currency of Moxian Beijing is Renminbi (the &#8220;RMB&#8221;) as China is the primary economic environment in which they operate. The functional currency of Moxian HK is the Hong Kong Dollar (the &#8220;HKD&#8221;).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Foreign currency transactions and translation (continued)</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For financial reporting purposes, the financial statements of Moxian Beijing and Moxian HK, which are prepared using their respective functional currencies, are translated into the reporting currency, USD, so to be consolidated with the Company&#8217;s. Monetary assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange ruling at the balance sheet date. Revenues and expenses are translated using average rates prevailing during the reporting period. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income (loss) in stockholders&#8217; equity (deficiency). Transaction gains and losses are recognized in the unaudited consolidated condensed statements of operations and comprehensive loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The exchange rates applied are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Balance sheet items, except for equity accounts</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%"><font style="font-size: 10pt">RMB:USD</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">6.5527</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">6.8141</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">HKD:USD</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.7743</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.7502</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Items in the unaudited condensed consolidated statements of operations and comprehensive loss, and unaudited condensed consolidated statements of cash flows</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Six Months Ended<br /> March 31,</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%"><font style="font-size: 10pt">RMB:USD</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">6.5532</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">7.0125</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">HKD:USD</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.7546</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.7928</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Research and Development</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Research and development expenses include payroll, employee benefits, stock-based compensation expense, and other related expenses associated with product development. Research and development expenses also include third-party development, programming costs, and localization costs incurred to translate software for local markets. Such costs related to software development are included in research and development expense until the point that technological feasibility is reached. Once technological feasibility is reached, such costs are capitalized and amortized as part of the cost of revenue over the estimated lives of the product.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Recent accounting pronouncements</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) No. 2014-09, &#8220;Revenue from Contracts with Customers (Topic 606),&#8221; (&#8220;ASU 2014-09&#8221;). ASU 2014-09 supersedes the revenue recognition requirements in ASC 605 - Revenue Recognition (&#8220;ASC 605&#8221;) and most industry-specific guidance throughout ASC 605. The FASB has issued numerous updates that provide clarification on a number of specific issues as well as requiring additional disclosures. The core principle of ASC 606 requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASC 606 defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under existing U.S. GAAP including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity&#8217;s contracts with customers. The guidance may be adopted through either retrospective application to all periods presented in the financial statements (full retrospective approach) or through a cumulative effect adjustment to retained earnings at the effective date (modified retrospective approach). The guidance was revised in July 2015 to be effective for private companies and emerging growth public companies for annual and interim periods beginning on or after December 15, 2018. These new standards became effective for AESE on January 1, 2019 and were adopted using the modified retrospective method. The adoption of ASC Topic 606 did not have a material impact on our consolidated financial statements as of the date of adoption, and therefore a cumulative-effect adjustment was not required.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2016, the FASB issued Accounting Standards Update (&#8220;ASU&#8221;) 2016-02, &#8220;Leases (Topic 842).&#8221; ASU 2016-02 requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. This amendment will be effective for private companies and emerging growth companies for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. The FASB issued ASU No. 2018-10 &#8220;Codification Improvements to Topic 842, Leases&#8221; and ASU No. 2018-11 &#8220;Leases (Topic 842) Targeted Improvements&#8221; in July 2018, and ASU No. 2018-20 &#8220;Leases (Topic 842) - Narrow Scope Improvements for Lessors&#8221; in December 2018. ASU 2018-10 and ASU 2018-20 provide certain amendments that affect narrow aspects of the guidance issued in ASU 2016-02. ASU 2018-11 allows all entities adopting ASU 2016-02 to choose an additional (and optional) transition method of adoption, under which an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. We are currently evaluating the impact that this guidance will have on our consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2016, the FASB issued ASU No. 2016-13 &#8220;Financial Instruments - Credit Losses (Topic 326)&#8221; and also issued subsequent amendments to the initial guidance under ASU 2018-19, ASU 2019-04 and ASU 2019-05 (collectively Topic 326). Topic 326 requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. This replaces the existing incurred loss model with an expected loss model and requires the use of forward-looking information to calculate credit loss estimates. We will be required to adopt the provisions of this ASU effective on January 1, 2023, with early adoption permitted for certain amendments. Topic 326 must be adopted by applying a cumulative effect adjustment to retained earnings. The adoption of Topic 326 is not expected to have a material impact on our consolidated financial statements or disclosures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Recent accounting pronouncements (continued)</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2016, the FASB issued Accounting Standards Update (&#8220;ASU&#8221;) ASU 2016-15, &#8220;Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments&#8221; (&#8220;ASU 2016-15&#8221;). The new standard will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. The new standard for private companies and emerging growth public companies is effective for fiscal years beginning after December 15, 2018. We adopted this new standard on January 1, 2019. The adoption of ASU 2016-15 did not have a material impact on our consolidated financial statements or disclosures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In January 2017, the FASB issued ASU 2017-04, Intangibles &#8211; Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The new guidance simplifies the accounting for goodwill impairment by eliminating Step 2 of the goodwill impairment test. Under current guidance, Step 2 of the goodwill impairment test requires entities to calculate the implied fair value of goodwill in the same manner as the amount of goodwill recognized in a business combination by assigning the fair value of a reporting unit to all of the assets and liabilities of the reporting unit. The carrying value in excess of the implied fair value is recognized as goodwill impairment. Under the new standard, goodwill impairment is recognized based on Step 1 of the current guidance, which calculates the carrying value in excess of the reporting unit&#8217;s fair value. The new standard is effective beginning in January 2020, with early adoption permitted. We do not expect the impact of adopting this guidance to be material to our consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In July 2018, the FASB issued ASU No. 2018-09, &#8220;Codification Improvements&#8221; (&#8220;ASU 2018-09&#8221;). These amendments provide clarifications and corrections to certain ASC subtopics including the following: Income Statement - Reporting Comprehensive Income &#8211; Overall (Topic 220-10), Debt - Modifications and Extinguishments (Topic 470-50), Distinguishing Liabilities from Equity &#8211; Overall (Topic 480-10), Compensation - Stock Compensation - Income Taxes (Topic 718-740), Business Combinations - Income Taxes (Topic 805-740), Derivatives and Hedging &#8211; Overall (Topic 815-10), and Fair Value Measurement &#8211; Overall (Topic 820-10). The majority of the amendments in ASU 2018-09 will be effective in annual periods beginning after December 15, 2019. The adoption of ASU 2018-09 is not expected to have a material impact on our consolidated financial statements or disclosures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2018, the FASB issued ASU No. 2018-13, &#8220;Fair Value Measurement (Topic 820): Disclosure Framework&#8212;Changes to the Disclosure Requirements for Fair Value Measurement (&#8220;ASU 2018-13&#8221;). The amendments in ASU 2018-13 modify the disclosure requirements associated with fair value measurements based on the concepts in the Concepts Statement, including the consideration of costs and benefits. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of ASU 2018-13 it not expected to have a material impact our consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In March 2019, the FASB issued ASU 2019-02, which aligns the accounting for production costs of episodic television series with the accounting for production costs of films. In addition, ASU 2019-02 modifies certain aspects of the capitalization, impairment, presentation and disclosure requirements in Accounting Standards Codification (&#8220;ASC&#8221;) 926-20 and the impairment, presentation and disclosure requirements in ASC 920-350. This ASU must be adopted on a prospective basis and is effective for annual periods beginning after December 15, 2020, including interim periods within those years, with early adoption permitted. We are currently evaluating the impact that this pronouncement will have on our consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In December 2019, the FASB issued ASU 2019-12, Income Taxes &#8211; Simplifying the Accounting for Income Taxes. The new guidance simplifies the accounting for income taxes by removing several exceptions in the current standard and adding guidance to reduce complexity in certain areas, such as requiring that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. We are currently assessing the impact that adopting this guidance will have on our consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>3. Account Receivable</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company had a major account receivable, that of Beijing Bi Er Culture Communication Limited, (&#8220;Bi Er&#8221;) a limited company based in Beijing, for which the Company provided advertising and other support services under a Strategic Co-operative Agreement signed in August 2019. The balance as of March 31, 2021 is $1,345,080. However, following a breach in a separate Debt Assignment Agreement (see Note 7) in January, 2021, the Company considers the recoverability of this debtor doubtful and has made a full provision for this amount as of March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>4. Share Subscription Receivable</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 30, 2019, the Company issued 2,000,000 new shares of Common Stock to Joyful Corporation Limited, (&#8220;Joyful&#8221;) a Samoa-based company at a price of $1.25 per share, for cash with total proceeds of $2.5 million. Of this amount, a sum of $400,000 was deposited as an advance upon the signing of the Share Subscription Agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Over the course of the year to September 30, 2020, various creditors of the Company had agreed to assign their receivables from the Company to Joyful which, in turn offset these amounts against the appropriate share subscription amounts due to the Company for the shares issued. The total amounts agreed to be offset in this manner was $512,412.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021, the entire amount of the Share Subscription in respect of the 2,000,000 new shares noted above has been fully settled, either in the form of cash, or through an off-set of amounts the Company owed to its directors, other creditors and an unsecured loan from a unrelated third-party, Tang Junsheng (see also Note 7).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>5. Cessation of the Mobile Application part of business and the consequential effects on the Balance Sheet</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company ceased the part of its business associated with its mobile application in the year ended September 30, 2018. As a result, as of that date, it had fully provided for all its related business assets as of September 30, 2018. There has been no movement since as the business had not been re-activated. Therefore, the fully written down value of the assets remain unchanged as of March 31, 2021 and September 30, 2020, and is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>(a) Prepayments, deposits and other receivables</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, <br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Prepayments to suppliers</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">567,934</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">567,934</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Rental and other deposits</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">341,674</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">341,674</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Employee advances and others</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">32,240</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">32,240</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Sub total</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">941,848</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">941,848</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Less: allowance for doubtful accounts</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(941,848</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(941,848</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Prepayments, deposits and other receivables, net</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>(b) Property and equipment, net</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, <br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Electronic equipment</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">2,319,545</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">2,319,545</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Furniture and fixtures</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">70,596</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">70,596</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Leasehold improvements</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">263,609</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">263,609</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Total property and equipment</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,653,750</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,653,750</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Less: Accumulated depreciation and amortization</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(2,653,750</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(2,653,750</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Total property and equipment, net</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>(c) Intangible assets</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; text-align: justify"><font style="font-size: 10pt">IP rights</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">1,410,335</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">1,410,335</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt">Other intangible assets</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">394,883</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">394,883</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,805,218</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">1,805,218</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt">Less: accumulated amortization</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(1,805,218</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(1,805,218</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt">Net intangible assets</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.3pt"><b>6. Accruals and other payables</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30, 2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Salaries payable</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">21,300</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">61,761</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Directors&#8217; fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">37,500</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">398,250</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Accrued expenses</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">228,737</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">330,006</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Other payables and provisions</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">735,328</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">735,328</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">1,022,865</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">1,535,335</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>8. Income taxes</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company and its subsidiaries file separate income tax returns.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>The United States of America</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moxian is incorporated in the State of Nevada in the U.S. and is subject to U.S. federal corporate income taxes. The State of Nevada does not impose any state corporate income tax. As of March 31, 2021, future net operation losses of approximately $8.9 million are available to offset future operating income through 2036.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the &#8220;2017 Tax Act&#8221;) was signed into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a U.S. corporate tax rate decrease from 35% to 21% effective for tax years beginning after December 31, 2017, the transition of U.S international taxation from a worldwide tax system to a territorial system, and a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017. As the Company has a September 30 fiscal year-end, the lower corporate income tax rate will be phased in, resulting in a U.S. statutory federal rate of approximately 24.5% for our fiscal year ended September 30, 2018, and 21% for subsequent fiscal years. Accordingly, we have to remeasure our deferred tax assets on net operating loss carryforward in the U.S at the lower enacted cooperated tax rate of 21%. However, this remeasurement has no effect on the Company&#8217;s income tax expenses as the Company has provided a 100% valuation allowance on its deferred tax assets previously.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Additionally, the 2017 Tax Act imposes a one-time transition tax on deemed repatriation of historical earnings of foreign subsidiaries, and future foreign earnings are subject to U.S. taxation. The change in rate has caused us to remeasure all U.S. deferred income tax assets and liabilities for temporary differences and NOL carryforwards and recorded one-time income tax payable to be paid in 8 years. However, this one-time transition tax has no effect on the Company&#8217;s income tax expenses as the Company has no undistributed foreign earnings prior to December 31, 2017, as the Company has cumulative foreign losses as of March 31, 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>British Virgin Islands</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moxian BVI is incorporated in the British Virgin Islands. Under the current laws of the British Virgin Islands, Moxian BVI is not subject to tax on income or capital gains. In addition, upon payments of dividends by Moxian BVI, no British Virgin Islands withholding tax is imposed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Hong Kong</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moxian HK is incorporated in Hong Kong and Hong Kong&#8217;s profits tax rate is 16.5%. Moxian HK did not earn any income that was derived in Hong Kong for the years ended December 31, 2020 and 2019 and therefore, Moxian HK was not subject to Hong Kong profits tax.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Malaysia</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moxian Malaysia ceased operation in June 2017.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>PRC</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective from January 1, 2008, the PRC&#8217;s statutory income tax rate is 25%. The Company&#8217;s PRC subsidiaries are subject to income tax rate of 25%, unless otherwise specified.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of September 30, 2020, the Company had net operating loss carry forwards of approximately of $20.2 million in the PRC tax jurisdiction, which expires in the years 2018 through 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moxian Shenzhen was incorporated in the People&#8217;s Republic of China. Moxian Shenzhen did not generate taxable income in the People&#8217;s Republic of China for the period from April 8, 2013 (date of inception) to September 30, 2018 when it ceased operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moyi was incorporated in the People&#8217;s Republic of China. Moyi did not generate taxable income in the People&#8217;s Republic of China for the period from July 19, 2013 (date of inception) to September 30, 2018 when it ceased operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Moxian Beijing was incorporated in the People&#8217;s Republic of China. Moxian Beijing did not generate taxable income in the People&#8217;s Republic of China for the period from December 10, 2015 (date of inception) to December 31, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s effective income tax rates were 0% for the six months ended March 31, 2021 and 2020 because of accumulated tax losses brought forward. The applicable rates of income taxes are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">U.S. statutory rate</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">34.0</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">34.0</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Foreign income not registered in the U.S.</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(34.0</font></td> <td><font style="font-size: 10pt">)%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(34.0</font></td> <td><font style="font-size: 10pt">)%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">PRC statutory rate</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">25.0</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">25.0</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Changes in valuation allowance and others</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(25.0</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)%</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(25.0</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Effective tax rate</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">%</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Because of the uncertainty regarding the Company&#8217;s ability to realize its deferred tax assets, a 100% valuation allowance has been established as of March 31, 2021 and September 30, 2020, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021 and September 30, 2020, the valuation allowance was approximately $9.0 million. For the six months ended March 31, 2021 and 2020, there were no increase in the valuation allowance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Deferred tax asset from net operating loss and carry-forwards</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">9,032,129</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">9,032,129</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt">Valuation allowance</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(9,032,129</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(9,032,129</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: justify"><font style="font-size: 10pt">Deferred tax asset, net</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>7. Loans</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30, 2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Loans Payable:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%; padding-left: 10pt"><font style="font-size: 10pt">Tang Junsheng</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">308,185</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Others</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">91,565</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">51,364</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">91,565</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">359,549</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2020, Mr. Junsheng Tang (&#8220;Mr. Tang&#8221;) filed a civil action against Moxian Technologies (Beijing) Co. Ltd. (&#8220;Moxian Beijing&#8221;) for the recovery of RMB 2,100,000 (approximately $321,096) which was the remaining part of a loan that Mr. Tang advanced to Moxian Beijing in January 2019. Mr. Tang was awarded judgment by the People&#8217;s Court in Fuzhou, China and Moxian Beijing was ordered to pay Mr. Tang RMB 2,220,000 (approximately $323,000) inclusive of interest and costs. On December 11, 2020, Mr. Tang assigned his debt from Moxian Beijing to Beijing Bi Er Culture and Communication Co., Ltd. (&#8220;Beijing Bi Er&#8221;), which undertook to settle the full amount pursuant to a Debt Assignment Agreement (the &#8220;Assignment Agreement&#8221;). The Assignment Agreement became effective in January 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 26, 2021, the Audit Committee of the Company&#8217;s Board of Directors learned that Bi Er had breached the Assignment Agreement by failing to pay necessary funds to Mr. Tang by January 19, 2021. However, Mr. Deng Conglin (&#8220;Mr. Deng&#8221;) remitted a sum of RMB 2,400,000 on January 20, 2021 to Moxian Beijing, from which amount, Moxian Beijing fully settled the amount due to Mr. Tang. Following the repayment to Mr. Tang, Mr. Deng received 269,909 shares of the Company&#8217;s common stock from Joyful Corporation Limited (&#8220;Joyful&#8221;), which had previously been issued 2,000,000 shares of the Company&#8217;s common stock. As previously disclosed, various creditors of the Company, including Mr. Tang, had agreed to assign their receivables from the Company to Joyful which, in turn, offset these receivables through the transfer of such shares to those creditors. Per that agreement, Mr. Tang was to have received 269,909 shares; instead, in consideration for payments by Mr. Deng to Mr. Tang, the 269,909 shares were transferred from Joyful to Mr. Deng.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.3pt"><b>10. Commitments and contingencies</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Operating Lease</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company currently leases its office premises for RMB150,000 (approximately equivalent to $23,000) per month, inclusive of management fees on a tenancy agreement which will expire in November 2021, if not terminated earlier by mutual consent.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Legal Proceedings</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021, the Company is not aware of any material outstanding claim and litigation against them.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.3pt"><b>11. Subsequent events</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(a) Appointment of a new director</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 42.5pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective April 1, 2021, Ms Zhao Yahui was appointed to the Board of Directors.&#160;Also, effective from April 1, 2021, the Board elected Mr. Hao Qinghu as its Chairman. Mr. Hao is also the Chief Executive Officer of the Registrant. He has been a director of the Company since January, 2016. Mr. Hao replaces Mr. William Yap Guan Hong, who had served as non-executive chairman; Mr. Yap will remain on the Board.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 42.5pt; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b) Compliance with the Minimum Market Value Requirement</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 6, 2021, the Company received a letter from Nasdaq notifying the Company that it had regained compliance with Nasdaq Listing Rule 5550 (b) (2) requiring the market value of the Company&#8217;s securities to be at least $35 million.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Basis of presentation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (&#8220;US GAAP&#8221;) and reflect the activities of the following subsidiaries and VIE: Moxian CN Samoa, Moxian BVI, Moxian HK, Moxian Beijing, and Moxian IP Samoa. All inter-company transactions and balances have been eliminated in the consolidation. All other subsidiary companies and the sole VIE, Moyi, have been inactive since September 30, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The unaudited interim condensed consolidated financial information as of March 31, 2020 and for the six months ended March 31, 2020 and 2019 have been prepared, pursuant to the rules and regulations of the Securities and Exchange Commission (the &#8220;SEC&#8221;). Certain information and footnote disclosures, which are normally included in annual consolidated financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited interim condensed consolidated financial information should be read in conjunction with the consolidated financial statements and the notes thereto, included in the Company&#8217;s Form 10-K for the fiscal year ended September 30, 2019, previously filed with the SEC on January 14, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company&#8217;s unaudited condensed consolidated financial position as of March 31, 2021 and of its unaudited condensed consolidated results of operations for the six months ended March 31, 2021 and 2020, and of its unaudited condensed consolidated cash flows for the six months ended March 31, 2021 and 2020, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following assets and liabilities of the VIE, which has been dormant since September 30, 2018, are included in the accompanying consolidated financial statements of the Company as of March 31, 2021 and September 30, 2019:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Current assets</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Non-current assets</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Total assets</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%"><font style="font-size: 10pt">Current liabilities</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Non-current liabilities</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Total liabilities</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Reclassification</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Certain prior period amounts have been reclassified to conform to the current period presentation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Going Concern</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">As explained in Note 1, the Company has had only a single line of business since September 30, 2018 due to a lack of working capital.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">In assessing the Company&#8217;s liquidity and its ability to continue as a going concern, the Company monitors and analyzes its cash and cash equivalents and its operating and capital expenditure commitments. The Company&#8217;s liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure obligations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">If the Company is unable to obtain the necessary additional capital on a timely basis and on acceptable terms, it will be unable to implement its current plans for expansion, repay debt obligations or respond to competitive pressures. Any of these factors would have a material adverse effect on its business, prospects, financial condition and results of operations and raise substantial doubts about the ability of the Company to continue as a going concern. The consolidated financial statements for the period ended March 31, 2020 and September 30, 2019 have been prepared on a going concern basis and do not include any adjustments to reflect the possible future effects on the recoverability and classifications of assets or the amounts and classifications of liabilities that may result from the inability of the Company to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Risks and Uncertainties</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company&#8217;s operations are substantially carried out in the People&#8217;s Republic of China (&#8220;PRC&#8221;). Accordingly, the Company&#8217;s business, financial condition and results of operations may be substantially influenced by the political, economic and legal environments in the PRC, and by the general state of the PRC&#8217;s economy. The Company&#8217;s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company&#8217;s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Since September 30, 2018 the Company&#8217;s operations have been carried out in its Beijing subsidiary, Moxian Beijing, whereas the intermediate company in Hong Kong, Moxian HK, provides support for the treasury and corporate functions. All other companies of the Group are dormant and have no business operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Fair value of financial instruments</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Company follows the provisions of Accounting Standards Codification (&#8220;ASC&#8221;) 820, &#8220;Fair Value Measurements and Disclosures.&#8221; ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Level 1-Observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Level 2-Inputs other than quoted prices that are observable for the asset or liability in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Level 3-Inputs are unobservable inputs which reflect management&#8217;s assumptions based on the best available information.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The carrying value of cash and cash equivalents, restricted cash, prepayments, deposits and other receivables, Value added tax recoverable, accruals and other payables, loans from related parties and stock subscription payable approximate their fair values because of the short-term nature of these instruments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Use of estimates</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the accompanying unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates required to be made by management include but not limited to, useful lives of property and equipment, intangible assets valuation, inventory valuation and deferred tax assets. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Property and Equipment, net</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and equipment are recorded at cost less accumulated depreciation and impairment. Significant additions or improvements extending useful lives of assets are capitalized. Maintenance and repairs are charged to expense as incurred. Depreciation and amortization are computed using the straight-line method over the estimated useful lives as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px">&#160;</td> <td style="width: 192px"><font style="font-size: 10pt">Electronic equipment</font></td> <td><font style="font-size: 10pt">3-6 years</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">Furniture and fixtures</font></td> <td><font style="font-size: 10pt">3-6 years</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td style="text-align: justify"><font style="font-size: 10pt">Leasehold improvements</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Shorter of estimated useful life or term of lease</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Impairment of long-lived assets</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company classifies its long-lived assets into: (i) computer and office equipment; (ii) furniture and fixtures, (iii) leasehold improvements, and (iv) finite &#8211; lived intangible assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be fully recoverable. It is possible that these assets could become impaired as a result of technology, economy or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, relief from royalty income approach, quoted market values and third-party independent appraisals, as considered necessary.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company makes various assumptions and estimates regarding estimated future cash flows and other factors in determining the fair values of the respective assets. The assumptions and estimates used to determine future values and remaining useful lives of long-lived assets are complex and subjective. They can be affected by various factors, including external factors such as industry and economic trends, and internal factors such as the Company&#8217;s business strategy and its forecasts for specific market expansion.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Due to the continuing losses from operations with minimal revenues, the Company recorded a valuation reserve against its remaining intangible assets in 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Revenue recognition</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company currently recognizes revenue from the sale of merchandise through its online platforms. Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed or determinable, and collectability is reasonably assured. Revenue is recorded on a gross basis, net of surcharges and value added tax (&#8220;VAT&#8221;). The Company recorded revenue on a gross basis because the Company has the following indicators for gross reporting: it is the primary obligor of the sales arrangements, is subject to inventory risks of physical loss, has latitude in establishing prices, has discretion in suppliers&#8217; selection and assumes credit risks on receivables from customers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue from advertising is recognized as advertisements are displayed. Revenue from software development services comprises revenue from time and material and fixed price contracts. Revenue from time and material contracts are recognized as related services are performed. Revenue on fixed price contracts is recognized in accordance with percentage of completion method of accounting.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Income taxes</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company utilizes ASC Topic 740 (&#8220;ASC 740&#8221;) &#8220;Income taxes&#8221;, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the unaudited condensed consolidated financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ASC 740 &#8220;Income taxes&#8221; clarifies the accounting for uncertainty in tax positions. This interpretation requires that an entity recognizes in the unaudited condensed consolidated financial statements the impact of a tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of income tax expense in the unaudited consolidated statements of operations and comprehensive losses. The Company evaluates the level of authority for each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of March 31, 2021 and September 30, 2020, the Company did not have any unrecognized tax benefits. The Company does not anticipate any significant increase to its liability for unrecognized tax benefit within the next 12 months.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021, the tax years ended December 31, 2011 through December 31, 2020 for the Company&#8217;s PRC entities remain open for statutory examination by the PRC tax authorities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Foreign currency transactions and translation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The reporting currency of the Company is United States Dollars (the &#8220;USD&#8221;) and the functional currency of Moxian Beijing is Renminbi (the &#8220;RMB&#8221;) as China is the primary economic environment in which they operate. The functional currency of Moxian HK is the Hong Kong Dollar (the &#8220;HKD&#8221;).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For financial reporting purposes, the financial statements of Moxian Beijing and Moxian HK, which are prepared using their respective functional currencies, are translated into the reporting currency, USD, so to be consolidated with the Company&#8217;s. Monetary assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange ruling at the balance sheet date. Revenues and expenses are translated using average rates prevailing during the reporting period. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income (loss) in stockholders&#8217; equity (deficiency). Transaction gains and losses are recognized in the unaudited consolidated condensed statements of operations and comprehensive loss.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The exchange rates applied are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Balance sheet items, except for equity accounts</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%"><font style="font-size: 10pt">RMB:USD</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">6.5527</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">6.8141</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">HKD:USD</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.7743</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.7502</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Items in the unaudited condensed consolidated statements of operations and comprehensive loss, and unaudited condensed consolidated statements of cash flows</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Six Months Ended<br /> March 31,</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%"><font style="font-size: 10pt">RMB:USD</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">6.5532</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">7.0125</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">HKD:USD</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.7546</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.7928</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Research and Development</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Research and development expenses include payroll, employee benefits, stock-based compensation expense, and other related expenses associated with product development. Research and development expenses also include third-party development, programming costs, and localization costs incurred to translate software for local markets. Such costs related to software development are included in research and development expense until the point that technological feasibility is reached. Once technological feasibility is reached, such costs are capitalized and amortized as part of the cost of revenue over the estimated lives of the product.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><u>Recent accounting pronouncements</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In May 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) No. 2014-09, &#8220;Revenue from Contracts with Customers (Topic 606),&#8221; (&#8220;ASU 2014-09&#8221;). ASU 2014-09 supersedes the revenue recognition requirements in ASC 605 - Revenue Recognition (&#8220;ASC 605&#8221;) and most industry-specific guidance throughout ASC 605. The FASB has issued numerous updates that provide clarification on a number of specific issues as well as requiring additional disclosures. The core principle of ASC 606 requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASC 606 defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under existing U.S. GAAP including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity&#8217;s contracts with customers. The guidance may be adopted through either retrospective application to all periods presented in the financial statements (full retrospective approach) or through a cumulative effect adjustment to retained earnings at the effective date (modified retrospective approach). The guidance was revised in July 2015 to be effective for private companies and emerging growth public companies for annual and interim periods beginning on or after December 15, 2018. These new standards became effective for AESE on January 1, 2019 and were adopted using the modified retrospective method. The adoption of ASC Topic 606 did not have a material impact on our consolidated financial statements as of the date of adoption, and therefore a cumulative-effect adjustment was not required.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2016, the FASB issued Accounting Standards Update (&#8220;ASU&#8221;) 2016-02, &#8220;Leases (Topic 842).&#8221; ASU 2016-02 requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. This amendment will be effective for private companies and emerging growth companies for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. The FASB issued ASU No. 2018-10 &#8220;Codification Improvements to Topic 842, Leases&#8221; and ASU No. 2018-11 &#8220;Leases (Topic 842) Targeted Improvements&#8221; in July 2018, and ASU No. 2018-20 &#8220;Leases (Topic 842) - Narrow Scope Improvements for Lessors&#8221; in December 2018. ASU 2018-10 and ASU 2018-20 provide certain amendments that affect narrow aspects of the guidance issued in ASU 2016-02. ASU 2018-11 allows all entities adopting ASU 2016-02 to choose an additional (and optional) transition method of adoption, under which an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. We are currently evaluating the impact that this guidance will have on our consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2016, the FASB issued ASU No. 2016-13 &#8220;Financial Instruments - Credit Losses (Topic 326)&#8221; and also issued subsequent amendments to the initial guidance under ASU 2018-19, ASU 2019-04 and ASU 2019-05 (collectively Topic 326). Topic 326 requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. This replaces the existing incurred loss model with an expected loss model and requires the use of forward-looking information to calculate credit loss estimates. We will be required to adopt the provisions of this ASU effective on January 1, 2023, with early adoption permitted for certain amendments. Topic 326 must be adopted by applying a cumulative effect adjustment to retained earnings. The adoption of Topic 326 is not expected to have a material impact on our consolidated financial statements or disclosures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;&#160;&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2016, the FASB issued Accounting Standards Update (&#8220;ASU&#8221;) ASU 2016-15, &#8220;Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments&#8221; (&#8220;ASU 2016-15&#8221;). The new standard will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. The new standard for private companies and emerging growth public companies is effective for fiscal years beginning after December 15, 2018. We adopted this new standard on January 1, 2019. The adoption of ASU 2016-15 did not have a material impact on our consolidated financial statements or disclosures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In January 2017, the FASB issued ASU 2017-04, Intangibles &#8211; Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The new guidance simplifies the accounting for goodwill impairment by eliminating Step 2 of the goodwill impairment test. Under current guidance, Step 2 of the goodwill impairment test requires entities to calculate the implied fair value of goodwill in the same manner as the amount of goodwill recognized in a business combination by assigning the fair value of a reporting unit to all of the assets and liabilities of the reporting unit. The carrying value in excess of the implied fair value is recognized as goodwill impairment. Under the new standard, goodwill impairment is recognized based on Step 1 of the current guidance, which calculates the carrying value in excess of the reporting unit&#8217;s fair value. The new standard is effective beginning in January 2020, with early adoption permitted. We do not expect the impact of adopting this guidance to be material to our consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In July 2018, the FASB issued ASU No. 2018-09, &#8220;Codification Improvements&#8221; (&#8220;ASU 2018-09&#8221;). These amendments provide clarifications and corrections to certain ASC subtopics including the following: Income Statement - Reporting Comprehensive Income &#8211; Overall (Topic 220-10), Debt - Modifications and Extinguishments (Topic 470-50), Distinguishing Liabilities from Equity &#8211; Overall (Topic 480-10), Compensation - Stock Compensation - Income Taxes (Topic 718-740), Business Combinations - Income Taxes (Topic 805-740), Derivatives and Hedging &#8211; Overall (Topic 815-10), and Fair Value Measurement &#8211; Overall (Topic 820-10). The majority of the amendments in ASU 2018-09 will be effective in annual periods beginning after December 15, 2019. The adoption of ASU 2018-09 is not expected to have a material impact on our consolidated financial statements or disclosures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2018, the FASB issued ASU No. 2018-13, &#8220;Fair Value Measurement (Topic 820): Disclosure Framework&#8212;Changes to the Disclosure Requirements for Fair Value Measurement (&#8220;ASU 2018-13&#8221;). The amendments in ASU 2018-13 modify the disclosure requirements associated with fair value measurements based on the concepts in the Concepts Statement, including the consideration of costs and benefits. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of ASU 2018-13 it not expected to have a material impact our consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In March 2019, the FASB issued ASU 2019-02, which aligns the accounting for production costs of episodic television series with the accounting for production costs of films. In addition, ASU 2019-02 modifies certain aspects of the capitalization, impairment, presentation and disclosure requirements in Accounting Standards Codification (&#8220;ASC&#8221;) 926-20 and the impairment, presentation and disclosure requirements in ASC 920-350. This ASU must be adopted on a prospective basis and is effective for annual periods beginning after December 15, 2020, including interim periods within those years, with early adoption permitted. We are currently evaluating the impact that this pronouncement will have on our consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In December 2019, the FASB issued ASU 2019-12, Income Taxes &#8211; Simplifying the Accounting for Income Taxes. The new guidance simplifies the accounting for income taxes by removing several exceptions in the current standard and adding guidance to reduce complexity in certain areas, such as requiring that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. We are currently assessing the impact that adopting this guidance will have on our consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following assets and liabilities of the VIE, which has been dormant since September 30, 2018, are included in the accompanying consolidated financial statements of the Company as of March 31, 2021 and September 30, 2019:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Current assets</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Non-current assets</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Total assets</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%"><font style="font-size: 10pt">Current liabilities</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Non-current liabilities</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Total liabilities</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Depreciation and amortization are computed using the straight-line method over the estimated useful lives as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px">&#160;</td> <td style="width: 192px"><font style="font-size: 10pt">Electronic equipment</font></td> <td><font style="font-size: 10pt">3-6 years</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">Furniture and fixtures</font></td> <td><font style="font-size: 10pt">3-6 years</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td style="text-align: justify"><font style="font-size: 10pt">Leasehold improvements</font></td> <td style="text-align: justify"><font style="font-size: 10pt">Shorter of estimated useful life or term of lease</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The exchange rates applied are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Balance sheet items, except for equity accounts</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%"><font style="font-size: 10pt">RMB:USD</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">6.5527</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">6.8141</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">HKD:USD</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.7743</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.7502</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Items in the unaudited condensed consolidated statements of operations and comprehensive loss, and unaudited condensed consolidated statements of cash flows</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Six Months Ended<br /> March 31,</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 72%"><font style="font-size: 10pt">RMB:USD</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">6.5532</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">7.0125</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">HKD:USD</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.7546</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">7.7928</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>(a) Prepayments, deposits and other receivables</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, <br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Prepayments to suppliers</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">567,934</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">567,934</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Rental and other deposits</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">341,674</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">341,674</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Employee advances and others</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">32,240</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">32,240</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Sub total</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">941,848</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">941,848</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Less: allowance for doubtful accounts</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(941,848</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(941,848</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Prepayments, deposits and other receivables, net</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>(b) Property and equipment, net</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, <br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Electronic equipment</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">2,319,545</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">2,319,545</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Furniture and fixtures</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">70,596</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">70,596</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Leasehold improvements</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">263,609</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">263,609</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Total property and equipment</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,653,750</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,653,750</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Less: Accumulated depreciation and amortization</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(2,653,750</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(2,653,750</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Total property and equipment, net</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>c) Intangible assets</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; text-align: justify"><font style="font-size: 10pt">IP rights</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">1,410,335</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">1,410,335</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt">Other intangible assets</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">394,883</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">394,883</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,805,218</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">1,805,218</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt">Less: accumulated amortization</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(1,805,218</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(1,805,218</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt">Net intangible assets</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> </table> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30, 2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Salaries payable</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">21,300</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">61,761</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Directors&#8217; fees</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">37,500</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">398,250</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Accrued expenses</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">228,737</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">330,006</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Other payables and provisions</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">735,328</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">735,328</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">1,022,865</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">1,535,335</font></td> <td>&#160;</td></tr> </table> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30, 2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Loans Payable:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%; padding-left: 10pt"><font style="font-size: 10pt">Tang Junsheng</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">308,185</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Others</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">91,565</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">51,364</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">91,565</font></td> <td>&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">359,549</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s effective income tax rates were 0% for the six months ended March 31, 2021 and 2020 because of accumulated tax losses brought forward. The applicable rates of income taxes are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">U.S. statutory rate</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">34.0</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">34.0</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Foreign income not registered in the U.S.</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(34.0</font></td> <td><font style="font-size: 10pt">)%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(34.0</font></td> <td><font style="font-size: 10pt">)%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">PRC statutory rate</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">25.0</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">25.0</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Changes in valuation allowance and others</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(25.0</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)%</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(25.0</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Effective tax rate</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">%</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021 and September 30, 2020, the valuation allowance was approximately $9.0 million. For the six months ended March 31, 2021 and 2020, there were no increase in the valuation allowance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>September 30, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Deferred tax asset from net operating loss and carry-forwards</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">9,032,129</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">9,032,129</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt">Valuation allowance</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(9,032,129</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(9,032,129</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: justify"><font style="font-size: 10pt">Deferred tax asset, net</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>9. Capital Stock</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(a) Reverse Share Split</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 5, 2019, the Board of Directors approved a Split of 1 for 5 which became effective on April 22, 2019. As a result of this reverse stock split, the number of outstanding shares of Common Stock of the Company was reduced from 67,357,222 to 13,471,529. Concurrently, the authorized share capital of the Company was reduced to 50,000,000 shares of Common Stock from 250,000,000 shares.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b) Debt Exchange</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 2, 2019, the Company reached an agreement with each of the three loan creditors as of September 30,2018 regarding settlement of their loans to the Company. (&#8220;Debt Exchange&#8221;). Under the agreements, the loan creditors, all three loan creditors, which were unrelated parties as of the date of the agreements, would write off a total of $6,243,439 of the loans due from the Company and would accept a total of 720,000 shares of Common Stock at a price of $1.50 per share, in settlement of the remaining balances of the loans. The 720,000 new shares of Common Stock were issued on September 30, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(c) Public Offering Warrants</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In connection with and upon closing of the Public Offering on November 14, 2016, the Company issued warrants equal to four percent (4%) of the shares issued in the Public Offering, totaling 100,050 units to the placement agents for the offering. The warrants carry a term of five years and shall be exercisable at a price equal to $4.60 per share. Management determined that these warrants meet the definition of a derivative under ASC 815-40, however, they fall under the scope exception which states that contracts issued that are both (a) indexed to its own stock; and (b) classified in stockholders&#8217; equity are not considered derivatives. The warrants were recorded at their fair value on the date of grant as a component of stockholders&#8217; deficiency.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The aggregated fair value of the Public Offering Warrants on November 14, 2016 was $280,042. The fair value has been estimated using the Black-Scholes pricing model with the following weighted-average assumptions: market value of underlying stock of $4.09; risk free rate of 1.66%; expected term of 5 years; exercise price of the warrants of $4.60; volatility of 90.7%; and expected future dividends of Nil. As of December 31, 2021 100,060 shares of warrants were issued and outstanding; and none of the warrants has been exercised.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(d) New issuance of shares</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In March, 2021, the Company issued a total of 3,150,000 ordinary shares of common stock to four individuals, at a price of $1.25 per share. The proceeds from these issues will be used for working capital needs of the Company.</p> EX-101.SCH 7 moxc-20210331.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Consolidated Statements of Stockholders' Equity (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Organization and Corporate Developments link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Summary of Principal Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Account Receivable link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Share Subscription Receivable link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Accruals and Other Payables link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Loans link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Capital Stock link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Summary of Principal Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Summary of Principal Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Accruals and Other Payables (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Loans (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Organization and Corporate Developments (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Summary of Principal Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Summary of Principal Accounting Policies - Schedule of Assets and Liabilities of VIE (Details) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Summary of Principal Accounting Policies - Schedule of Straight-line Method Over Estimated Useful Lives (Details) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Summary of Principal Accounting Policies - Summary of Exchange Rates of Balance Sheet Items, Except for Equity Accounts (Details) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Summary of Principal Accounting Policies - Summary of Statements of Operations, Comprehensive Loss and Cash Flows (Details) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Account Receivable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Share Subscription Receivable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet - Schedule of Other Prepayments, Deposits and Receivables (Details) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet - Schedule of Property and Equipment, Net (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet - Schedule of Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Accruals and Other Payables - Schedule of Accruals and Other Payables (Details) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Loans (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Loans - Schedule of Loans (Details) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Income Taxes (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Income Taxes - Schedule of Effective Income Tax Rates (Details) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Income Taxes - Schedule of Valuation Allowance (Details) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Capital Stock (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000042 - Disclosure - Commitments and Contingencies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000043 - Disclosure - Subsequent events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 moxc-20210331_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 moxc-20210331_def.xml XBRL DEFINITION FILE EX-101.LAB 10 moxc-20210331_lab.xml XBRL LABEL FILE Legal Entity [Axis] Joyful Corporation Limited [Member] Business Acquisition [Axis] Moxian BVI [Member] Type of Arrangement and Non-arrangement Transactions [Axis] License and Acquisition Agreement [Member] Finite-Lived Intangible Assets by Major Class [Axis] IP Rights [Member] Moxian CN Samoa from Rebel Group, Inc [Member] Equity Transfer Agreement [Member] Related Party [Axis] Three Loan Creditors [Member] Sale of Stock [Axis] IPO [Member] Consolidated Entities [Axis] Variable Interest Entity, Primary Beneficiary [Member] Award Type [Axis] RMB:USD [Member] HKD:USD [Member] Property, Plant and Equipment, Type [Axis] Electronic Equipment [Member] Furniture and Fixtures [Member] Leasehold Improvements [Member] Other Intangible Assets [Member] Tang Junsheng [Member] Others [Member] Moxian Technologies (Beijing) Co., Ltd. [Member] RMB [Member] Moxian IP Samoa [Member] Option Indexed to Issuer's Equity, Type [Axis] Call Option [Member] Range [Axis] Minimum [Member] Maximum [Member] Statement Geographical [Axis] PRC [Member] RMB [Member] Hong Kong [Member] Equity Components [Axis] Common Stock [Member] Additional Paid-In Capital [Member] Accumulated Deficit [Member] Accumulated Other Comprehensive Income [Member] Income Tax Authority [Axis] State and Local Jurisdiction [Member] US [Member] Title of Individual [Axis] Board of Directors [Member] Each of the Three Loan Creditors [Member] Warrants [Member] Scenario [Axis] Forecast [Member] Measurement Input Type [Axis] Share Price [Member] Risk Free Rate [Member] Expected Term [Member] Exercise Price [Member] Volatility [Member] Expected Future Dividends [Member] Subsequent Event Type [Axis] Subsequent Event [Member] Mr. Junsheng Tang [Member] Mr. Deng Conglin [Member] Cover [Abstract] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Flag Entity Emerging Growth Company Entity Shell Company Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] Current Assets Cash and Cash equivalents Account Receivable (Note 3) Share Subscription Receivable (Note 4) Total current assets Accruals and other payables (Note 6) Advances from a customer Loans Payable (Note 7) Total current liabilities Net Assets Shareholders' Equity Preferred stock, $0.001 par value, authorized: 100,000,000 shares. Nil shares issued and outstanding Common stock, $0.001 par value, authorized: 50,000,000 shares. 19,341,529 shares issued and outstanding as of March 31, 2021 (September 30, 2020: 16,191,529 shares issued and outstanding) Additional paid-in capital Accumulated deficiency Accumulated other comprehensive income Net Shareholders' Equity Preferred stock, par value Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Revenues Selling, general and administrative expenses Provision for doubtful debts (Loss)/Gain from operations Income tax expense Net (Loss)/Gain Foreign currency translation adjustments Comprehensive loss/gain Basic and diluted gain/(loss) per common share Basic and diluted weighted average common shares outstanding Statement [Table] Statement [Line Items] Beginning balance Beginning balance, shares Issuance of shares Issuance of shares, shares Net loss Foreign currency translation adjustment Ending balance Ending balance, shares Statement of Cash Flows [Abstract] CASH FROM OPERATING ACTIVITIES Net loss/gain from operations Adjustments to reconcile to net cash used in operating activities: Changes in operating assets and liabilities: Other receivables Accruals and other payables Advance from customer Net cash used in operating activities Investment in research and development Loan receivable Cash used in investing arctivities Proceeds from third party loans Repayment of third party loans Proceeds from issuance of new shares Cash from financing activities Effect of exchange rates on translation of opening liabilities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period Organization, Consolidation and Presentation of Financial Statements [Abstract] Organization and Corporate Developments Accounting Policies [Abstract] Summary of Principal Accounting Policies Receivables [Abstract] Account Receivable Share Subscription Receivable Share Subscription Receivable Discontinued Operations and Disposal Groups [Abstract] Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet Payables and Accruals [Abstract] Accruals and Other Payables Debt Disclosure [Abstract] Loans Income Tax Disclosure [Abstract] Income Taxes Equity [Abstract] Capital Stock Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Subsequent Events [Abstract] Subsequent Events Basis of Presentation Reclassification Going Concern Risks and Uncertainties Fair Value of Financial Instruments Use of Estimates Property and Equipment, Net Impairment of Long-lived Assets Revenue Recognition Income Taxes Foreign Currency Transactions and Translation Research and Development Recent Accounting Pronouncements Schedule of Assets and Liabilities of VIE Schedule of Straight-line Method Over Estimated Useful Lives Summary of Exchange Rates of Balance Sheet Items, Except for Equity Accounts Summary of Statements of Operations, Comprehensive Loss and Cash Flows Schedule of Other Prepayments, Deposits and Receivables Schedule of Property and Equipment, Net Schedule of Intangible Assets Schedule of Accruals and Other Payables Schedule of Loans Schedule of Effective Income Tax Rates Schedule of Valuation Allowance Organization and Nature of Operations [Table] Organization and Nature of Operations [Line Items] Collaborative Arrangement and Arrangement Other than Collaborative [Axis] Series [Axis] Business combination, consideration transferred Royalty fee License and acquisition agreement description Equity interests Payment to acquire business in joint venture Investment Number of new common stock shares issued Shares issued price per share Proceeds from public offering Net proceeds from offering Reverse stock split Loan outstanding Percentage of creditors loan description Number of shares purchased Proceeds from shares purchased Income tax examination, likelihood of unfavorable settlement Current assets Non-current assets Total assets Current liabilities Non-current liabilities Total liabilities Property, Plant and Equipment [Table] Property, Plant and Equipment [Line Items] Long-Lived Tangible Asset [Axis] Statistical Measurement [Axis] Estimated useful lives Estimated useful lives, description Exchange rates applied Foreign currency translation exchange rate of revenues and expenses Account receivable Number of common stock new shares issued Share issued price per share Proceeds from issuance of common stock Deposit amount Debt offset against share subscription amount Subscription share settled Prepayments to suppliers Rental and other deposits Employee advances and others Sub total Less: allowance for doubtful accounts Prepayments, deposits and other receivable, net Total property and equipment Less: Accumulated depreciation and amortization Total property and equipment, net Gross carrying amount Less: accumulated amortization Net intangible assets Salaries payable Directors' fees Accrued expenses Other payables and provisions Total Outstanding loan Repayment of debt Litigation settlement Debt Instrument conversion Loan payable Income Taxes [Table] Income Taxes [Line Items] Geographical [Axis] Tax Period [Axis] Operating loss carryforwards Operating loss carryforwards, description U.S. Corporate tax rate Income tax description Percentage of deferred tax assets, valuation allowance Effective tax rate Tax cuts and jobs act net operating loss carryforwards tax payable Deferred tax assets, valuation allowance Increase in valuation allowance U.S. statutory rate Foreign income not registered in the U.S. Changes in valuation allowance and others Deferred tax asset from net operating loss and carry-forwards Valuation allowance Deferred tax asset, net Stock split description Loan amount write off Warrants issued percentage Warrants, issued Warrants, term Warrants, exercise price per share Fair value of warrants Warrants, measurement input Loss Contingencies [Table] Loss Contingencies [Line Items] Rental expense under operating leases Lease expiration date Market value of securities, description Market value of securities Carrying value as of the balance sheet date of accruals and other payables. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Directors' fees. Electronic Equipment [Member] Represents information of Equity transfer agreement. Foreign currency translation exchange rate of revenues and expenses. Disclosure of accounting policy on the basis of assessing the Company's liquidity and its ability to continue as a going concern, the Company monitors and analyzes its cash and cash equivalents and its operating and capital expenditure commitments. HKD:USD [Member] Income taxes. Income taxes. Joyful Corporation Limited [Member] License and acquisition agreement description. Represents information of License And Acquisition Agreement. Moxian CN Samoa from Rebel Group, Inc [Member] Moxian BVI [Member] Moxian IP Samoa [Member] Moxian Technologies (Beijing) Co., Ltd. [Member] Line items represent reporting concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. This table lists the organization and nature of operations. Others [Member] Prepayments, deposits and other receivable, net. Net proceeds from offering. RMB [Member] RMB:USD [Member] RMB [Member] Tabular disclosure of plant and equipment estimated useful lives. Share subscription receivable. Summary of statements of operations, comprehensive loss and cash flows [Table Text Block] Tang Junsheng [Member] Tax cuts and jobs act net operating loss carryforwards tax payable. Three Loan Creditors [Member] Investment in research and development. Xinhua New Media Co Ltd [Member] Share Subscription Agreement [Member] Share Subscription Receivable [Disclosure Text Block] Deposit amount. Debt offset against share subscription amount. Rental and other deposits. Each of the Three Loan Creditors [Member]. Loan amount write off. Market value of securities. Market value of securities, description. Mr. Junsheng Tang [Member] Mr. Deng Conglin [Member] Warrants issued percentage. Repayment of third party loans. Wholly Owned Subsidiary [Member] Stockholders' Equity Attributable to Parent Selling, General and Administrative Expense Allowance for Loan and Lease Losses Write-offs, Net Operating Income (Loss) Comprehensive Income (Loss), Net of Tax, Attributable to Parent Shares, Outstanding Increase (Decrease) in Due from Related Parties Net Cash Provided by (Used in) Operating Activities Payments to Acquire Loans Receivable Net Cash Provided by (Used in) Investing Activities Net Cash Provided by (Used in) Financing Activities Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations ShareSubscriptionReceivableTextBlock Income Tax, Policy [Policy Text Block] Liabilities Prepaid Expense and Other Assets, Current Allowance for Doubtful Accounts, Premiums and Other Receivables Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Finite-Lived Intangible Assets, Net Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent Deferred Tax Assets, Net of Valuation Allowance EX-101.PRE 11 moxc-20210331_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.21.1
Document and Entity Information - shares
6 Months Ended
Mar. 31, 2021
May 07, 2021
Cover [Abstract]    
Entity Registrant Name Moxian, Inc.  
Entity Central Index Key 0001516805  
Document Type 10-Q  
Document Period End Date Mar. 31, 2021  
Amendment Flag false  
Current Fiscal Year End Date --09-30  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business Flag true  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   19,341,529
Document Fiscal Period Focus Q2  
Document Fiscal Year Focus 2021  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Sep. 30, 2020
Current Assets    
Cash and Cash equivalents $ 3,627,303 $ 5,249
Account Receivable (Note 3) 1,462,698
Share Subscription Receivable (Note 4) 827,710
Total current assets 3,627,303 2,295,657
Accruals and other payables (Note 6) 1,022,865 1,535,335
Advances from a customer 206,022
Loans Payable (Note 7) 91,565 359,549
Total current liabilities 1,320,452 1,894,884
Net Assets 2,306,851 400,773
Shareholders' Equity    
Preferred stock, $0.001 par value, authorized: 100,000,000 shares. Nil shares issued and outstanding
Common stock, $0.001 par value, authorized: 50,000,000 shares. 19,341,529 shares issued and outstanding as of March 31, 2021 (September 30, 2020: 16,191,529 shares issued and outstanding) 19,341 16,191
Additional paid-in capital 44,048,956 40,114,606
Accumulated deficiency (42,725,559) (40,661,350)
Accumulated other comprehensive income 964,113 931,326
Net Shareholders' Equity $ 2,306,851 $ 400,773
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares
Mar. 31, 2021
Sep. 30, 2020
Statement of Financial Position [Abstract]    
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, shares authorized 100,000,000 100,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized 50,000,000 50,000,000
Common stock, shares issued 19,341,529 16,191,529
Common stock, shares outstanding 19,341,529 16,191,529
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]        
Revenues $ 22,890 $ 22,890 $ 383,375
Selling, general and administrative expenses (240,047) (147,721) (627,207)  
Provision for doubtful debts (1,459,892) (1,459,892) (306,628)
(Loss)/Gain from operations (1,677,049) (147,721) (2,064,209) 76,697
Income tax expense
Net (Loss)/Gain (1,677,049) (147,849) (2,064,209) 76,697
Foreign currency translation adjustments (44,880) (148) 32,787 (148)
Comprehensive loss/gain $ (1,721,929) $ (147,869) $ (2,031,422) $ 76,549
Basic and diluted gain/(loss) per common share $ (0.11) $ (0.009) $ (0.12) $ 0.004
Basic and diluted weighted average common shares outstanding 16,191,529 16,191,529 16,191,529 16,191,529
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Income [Member]
Total
Beginning balance at Sep. 30, 2019 $ 16,191 $ 40,114,606 $ (40,734,066) $ 751,956 $ 148,687
Beginning balance, shares at Sep. 30, 2019 16,191,529        
Net loss 224,418 224,418
Foreign currency translation adjustment (27,552) (27,552)
Ending balance at Dec. 31, 2019 $ 16,191 40,114,606 (40,509,648) 724,434 345,583
Ending balance, shares at Dec. 31, 2019 16,191,529        
Beginning balance at Sep. 30, 2019 $ 16,191 40,114,606 (40,734,066) 751,956 148,687
Beginning balance, shares at Sep. 30, 2019 16,191,529        
Net loss         76,697
Ending balance at Mar. 31, 2020 $ 16,191 40,114,606 (40,657,497) 683,333 156,633
Ending balance, shares at Mar. 31, 2020 16,191,529        
Beginning balance at Dec. 31, 2019 $ 16,191 40,114,606 (40,509,648) 724,434 345,583
Beginning balance, shares at Dec. 31, 2019 16,191,529        
Net loss (147,849) (147,849)
Foreign currency translation adjustment (41,101) (41,101)
Ending balance at Mar. 31, 2020 $ 16,191 40,114,606 (40,657,497) 683,333 156,633
Ending balance, shares at Mar. 31, 2020 16,191,529        
Beginning balance at Sep. 30, 2020 $ 16,191 40,114,608 (40,661,350) 931,326 400,773
Beginning balance, shares at Sep. 30, 2020 16,191,529        
Net loss (387,160) (387,160)
Foreign currency translation adjustment 77,667 77,667
Ending balance at Dec. 31, 2020 $ 16,191 40,114,606 (41,048,510) 1,008,993 91,280
Ending balance, shares at Dec. 31, 2020 16,191,529        
Beginning balance at Sep. 30, 2020 $ 16,191 40,114,608 (40,661,350) 931,326 400,773
Beginning balance, shares at Sep. 30, 2020 16,191,529        
Issuance of shares, shares 3,150,000        
Net loss         (2,064,209)
Ending balance at Mar. 31, 2021 $ 19,341 44,048,956 (42,725,559) 964,113 2,306,851
Ending balance, shares at Mar. 31, 2021 19,341,529        
Beginning balance at Dec. 31, 2020 $ 16,191 40,114,606 (41,048,510) 1,008,993 91,280
Beginning balance, shares at Dec. 31, 2020 16,191,529        
Issuance of shares $ 3,150 3,934,350 3,937,500
Issuance of shares, shares 3,150,000        
Net loss (1,677,049) (1,677,049)
Foreign currency translation adjustment (44,880) (44,880)
Ending balance at Mar. 31, 2021 $ 19,341 $ 44,048,956 $ (42,725,559) $ 964,113 $ 2,306,851
Ending balance, shares at Mar. 31, 2021 19,341,529        
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FROM OPERATING ACTIVITIES    
Net loss/gain from operations $ (2,064,209) $ 76,697
Changes in operating assets and liabilities:    
Other receivables 1,462,698  
Accruals and other payables (512,470) (836,803)
Advance from customer 206,022
Net cash used in operating activities (907,959) (760,254)
Investment in research and development (494,183)
Loan receivable (211,792)
Cash used in investing arctivities (705,975)
Proceeds from third party loans 91,565
Repayment of third party loans (359,549) (200,783)
Proceeds from issuance of new shares 4,765,210 1,318,087
Cash from financing activities 4,497,226 1,117,304
Effect of exchange rates on translation of opening liabilities 32,787 (68,593)
Net increase/(decrease) in cash and cash equivalents 3,589,267 (417,518)
Cash and cash equivalents, beginning of period 5,249 425,632
Cash and cash equivalents, end of period $ 3,627,303 $ 8,114
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Organization and Corporate Developments
6 Months Ended
Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Corporate Developments

1. Organization and Corporate Developments

 

Organization of the Group

 

Moxian, Inc. (formerly known as Moxian China, Inc., hereinafter referred as “Moxian,” together with its subsidiaries and variable interest entity, the “Company”), was incorporated under the laws of the State of Nevada on October 12, 2010. The Company, through its subsidiaries and variable interest entity, engages in the business of operating a social network platform that integrates social media and business into one single platform. The Company has devoted its efforts to develop a mobile application and online platform that facilitate the small to medium size businesses to attract more clients. The Company’s ability to generate sufficient funds to meet its working capital requirements is dependent upon its ability to develop additional sources of capital, develop apps and websites, generate servicing income, and ultimately, achieve profitable operations (see Note 2).

 

On February 17, 2014, the Company incorporated Moxian CN Group Limited (“Moxian CN Samoa”) under the laws of Samoa.

 

On February 21, 2014, Moxian acquired Moxian Group Limited (“Moxian BVI”), together with its subsidiaries, Moxian (Hong Kong) Limited (“Moxian HK”), Moxian Technology (Shenzhen) Co., Ltd. (“Moxian Shenzhen”), and Moxian Malaysia Sdn. Bhd.(“Moxian Malaysia”) through our wholly owned subsidiary, Moxian CN Samoa from Rebel Group, Inc. (“REBL”), a company incorporated in the State of Florida and of which our previous Chief Executive Officer, Tan Meng Dong, is a promoter as the term is defined under Rule 405 of Regulation C promulgated under the Securities Act, by entering into a License and Acquisition Agreement (the “License and Acquisition Agreement”) in consideration of $1,000,000 (“Moxian BVI Purchase Price”). As a result, Moxian BVI, together with its subsidiaries, Moxian HK, Moxian Shenzhen, and Moxian Malaysia, became the Company’s subsidiaries. Under the License and Acquisition Agreement, REBL also agreed to grant us the exclusive right to use REBL’s intellectual property rights (collectively, the “IP Rights”) in Mainland China, Malaysia, and other countries and regions where REBL conducts its business (the “Licensed Territory”), and the exclusive right to solicit, promote, distribute and sell REBL products and services in the Licensed Territory for five years (the “License,”) and in consideration of such License, the Company agreed to pay to REBL (i) $1,000,000 as license maintenance royalty each year commencing on the first anniversary of the date of the License Agreement; and (ii) 3% of the gross profits resulting from the distribution and sale of the products and services on behalf of the Company as an earned royalty.

 

On January 30, 2015, the Company entered into an Equity Transfer Agreement (such transaction, the “Equity Transfer Transaction”) with REBL, to acquire from REBL, 100% of the equity interests of Moxian Intellectual Property Limited, a company incorporated under the laws of Samoa and a wholly-owned subsidiary of REBL (“Moxian IP Samoa”) for $6,782,000. Moxian IP Samoa owns all the intellectual property rights relating to the operation, use and marketing of the Moxian Platform, including all of the trademarks, patents and copyrights that are used in the Company’s business. As a result of the Equity Transfer Transaction, Moxian IP Samoa became a wholly-owned subsidiary of the Company.

 

Moxian BVI was incorporated on July 3, 2012 under the laws of British Virgin Islands. REBL owned 100% equity interests of Moxian BVI prior to the closing of the License and Acquisition Agreement, among the Company, Moxian BVI and REBL.

 

Moxian Technologies (Beijing) Co., Ltd. (“Moxian Beijing”) was incorporated on December 10, 2015 under the laws of the People’s Republic of China and is a wholly owned subsidiary of Moxian Shenzhen. Moxian Shenzhen made an investment of RMB 10 million (approximately USD $1.5 million) in Moxian Beijing during the year ended September 30, 2017.

 

Moxian HK was incorporated on January 18, 2013 and became Moxian BVI’s subsidiary on February 14, 2013. Moxian HK is currently engaged in the business of online social media. Moxian HK operates through two wholly owned subsidiaries: Moxian Shenzhen and Moxian Malaysia.

 

Moxian Shenzhen is wholly owned by Moxian HK. Moxian Shenzhen was incorporated on April 8, 2013 and is engaged in the business of internet technology, computer software, commercial information consulting.

  

Organization of the Group (continued)

 

Moxian Malaysia was incorporated on March 1, 2013 and became Moxian HK’s subsidiary since April 2, 2013. Moxian Malaysia was previously in the business of IT services and media advertising but have ceased operations since June 2015.

 

Shenzhen Moyi Technologies Co., Ltd. (“Moyi”) was incorporated on July 19, 2013 under the laws of the People’s Republic of China and became a variable interest entity (“VIE”) of Moxian Shenzhen on July 15, 2014. Moxian Shenzhen controls Moyi through arrangement that absorbs operations risk, as if Moyi is a wholly owned subsidiary of Moxian Shenzhen.

 

On December 18, 2017, the Company entered into a Tripartite Agreement with the original shareholders of Moyi and the new shareholders of Moyi wherein the Company agrees to the transfer of the equity interests of Moyi and all related rights, liabilities and obligations under the Moyi Agreements such that the new shareholders stand in place of the old shareholders in all aspects of the Moyi Agreements.

 

On January 30, 2018, a wholly-owned subsidiary of Moxian Shenzhen, Moxian Information Technologies (Shanghai) Co. Ltd. (“Moxian Shanghai”), was incorporated under the laws of the People’s Republic of China.

 

Corporate Developments

 

On November 14, 2016 the Company announced the completion of a public offering of 2,501,250 shares of its common stock at a public offering price of $4.00 per share. The gross proceeds from its offering were approximately $10,005,000 before deducting agents’ commissions and other offering expenses, resulting in net proceeds of approximately, $8.5 million. In connection with the offering, the Company’s common stock began trading on the NASDAQ Capital Market beginning on November 15, 2016 under the symbol “MOXC”

 

On April 22, 2019, the Company implemented a 1-for-5 reverse share split and concurrently reduced its authorized shares of common stock from 250,000,000 to 50,000,000 (See Note 8 (c) Reverse Share Split).

 

On May 2, 2019, the Company reached an agreement with each of its three loan creditors as of September 30, 2018 regarding settlement of their loans to the Company. Under the agreements, all three loan creditors, which are unrelated parties as of the date of the agreements, would write off a total of $6,243,439 of the loans due from the Company and would accept a total of 720,000 shares of Common Stock in settlement of the remaining balances of the loans. The 720,000 new shares of Common Stock were issued on September, 30, 2019.

 

On June 21, 2019, the Company entered into an Agreement (“the Agreement”) with Joyful Corporation Limited (the “Investor”) whereby the Investor (a) purchased from the Company 2,000,000 shares of the Company’s common stock at a price of $1.25 per share for aggregate gross proceeds of $2,500,000 and (b) acquired from the Company a call option to purchase up to 690,000 shares of the Company’s common stock at a price per share of $1.25; the option expired on September 30, 2019.

 

On December 20, 2019, 369 Technologies (Beijing) Co. Ltd., was incorporated under the laws of the People’s Republic of China as a wholly-owned subsidiary of Woodland Corporation. It has not commenced operations as of March 31, 2021. On March 18, 2021, 369 Technologies (Beijing) Co. Ltd. changed its name to Beijing Bit Matrix Technology Co. Ltd.

 

The Company has two main divisions of business. It is in the O2O (“Online-to-Offline”) business with the development of an online platform for small and medium sized enterprises (“SMEs”) with physical stores to conduct business online, interact with existing customers and obtain new customers. It also operates pursuant to an exclusive agreement, the Games Channel of the state-owned Xinhua News Agency App and is a general agent for all advertisements on this mobile application.

 

However, due to the highly competitive nature of the O2O market, and the slow development of its products, the Company has incurred losses since inception. By September 30, 2018, the Company had run out of funds and some of the major shareholders of the Company were not prepared to give further financial support. The Company decided to continue its operations in the digital advertising business but temporarily halt the operation of its App until its financial situation improved.

XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Principal Accounting Policies
6 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Summary of Principal Accounting Policies

2. Summary of principal accounting policies

 

Basis of presentation

 

The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and reflect the activities of the following subsidiaries and VIE: Moxian CN Samoa, Moxian BVI, Moxian HK, Moxian Beijing, and Moxian IP Samoa. All inter-company transactions and balances have been eliminated in the consolidation. All other subsidiary companies and the sole VIE, Moyi, have been inactive since September 30, 2018.

 

The unaudited interim condensed consolidated financial information as of March 31, 2020 and for the six months ended March 31, 2020 and 2019 have been prepared, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures, which are normally included in annual consolidated financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited interim condensed consolidated financial information should be read in conjunction with the consolidated financial statements and the notes thereto, included in the Company’s Form 10-K for the fiscal year ended September 30, 2019, previously filed with the SEC on January 14, 2020.

 

Basis of presentation (continued)

 

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s unaudited condensed consolidated financial position as of March 31, 2021 and of its unaudited condensed consolidated results of operations for the six months ended March 31, 2021 and 2020, and of its unaudited condensed consolidated cash flows for the six months ended March 31, 2021 and 2020, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.

 

The following assets and liabilities of the VIE, which has been dormant since September 30, 2018, are included in the accompanying consolidated financial statements of the Company as of March 31, 2021 and September 30, 2019:

 

    March 31,
2021
    September 30,
2020
 
             
Current assets   $ -     $ -  
Non-current assets     -             -  
Total assets   $ -     $ -  
                 
Current liabilities   $ -     $ -  
Non-current liabilities     -       -  
Total liabilities   $ -     $ -  

 

Reclassification

 

Certain prior period amounts have been reclassified to conform to the current period presentation.

 

Going Concern

 

As explained in Note 1, the Company has had only a single line of business since September 30, 2018 due to a lack of working capital.

 

In assessing the Company’s liquidity and its ability to continue as a going concern, the Company monitors and analyzes its cash and cash equivalents and its operating and capital expenditure commitments. The Company’s liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure obligations.

 

If the Company is unable to obtain the necessary additional capital on a timely basis and on acceptable terms, it will be unable to implement its current plans for expansion, repay debt obligations or respond to competitive pressures. Any of these factors would have a material adverse effect on its business, prospects, financial condition and results of operations and raise substantial doubts about the ability of the Company to continue as a going concern. The consolidated financial statements for the period ended March 31, 2020 and September 30, 2019 have been prepared on a going concern basis and do not include any adjustments to reflect the possible future effects on the recoverability and classifications of assets or the amounts and classifications of liabilities that may result from the inability of the Company to continue as a going concern.

  

Risks and Uncertainties

 

The Company’s operations are substantially carried out in the People’s Republic of China (“PRC”). Accordingly, the Company’s business, financial condition and results of operations may be substantially influenced by the political, economic and legal environments in the PRC, and by the general state of the PRC’s economy. The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.

 

Since September 30, 2018 the Company’s operations have been carried out in its Beijing subsidiary, Moxian Beijing, whereas the intermediate company in Hong Kong, Moxian HK, provides support for the treasury and corporate functions. All other companies of the Group are dormant and have no business operations.

 

Fair value of financial instruments

 

The Company follows the provisions of Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures.” ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

 

Level 1-Observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.

 

Level 2-Inputs other than quoted prices that are observable for the asset or liability in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.

 

Level 3-Inputs are unobservable inputs which reflect management’s assumptions based on the best available information.

 

The carrying value of cash and cash equivalents, restricted cash, prepayments, deposits and other receivables, Value added tax recoverable, accruals and other payables, loans from related parties and stock subscription payable approximate their fair values because of the short-term nature of these instruments.

 

Use of estimates

 

The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the accompanying unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates required to be made by management include but not limited to, useful lives of property and equipment, intangible assets valuation, inventory valuation and deferred tax assets. Actual results could differ from those estimates.

  

Property and Equipment, net

 

Property and equipment are recorded at cost less accumulated depreciation and impairment. Significant additions or improvements extending useful lives of assets are capitalized. Maintenance and repairs are charged to expense as incurred. Depreciation and amortization are computed using the straight-line method over the estimated useful lives as follows:

 

  Electronic equipment 3-6 years
     
  Furniture and fixtures 3-6 years
     
  Leasehold improvements Shorter of estimated useful life or term of lease

 

Impairment of long-lived assets

 

The Company classifies its long-lived assets into: (i) computer and office equipment; (ii) furniture and fixtures, (iii) leasehold improvements, and (iv) finite – lived intangible assets.

 

Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be fully recoverable. It is possible that these assets could become impaired as a result of technology, economy or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, relief from royalty income approach, quoted market values and third-party independent appraisals, as considered necessary.

 

The Company makes various assumptions and estimates regarding estimated future cash flows and other factors in determining the fair values of the respective assets. The assumptions and estimates used to determine future values and remaining useful lives of long-lived assets are complex and subjective. They can be affected by various factors, including external factors such as industry and economic trends, and internal factors such as the Company’s business strategy and its forecasts for specific market expansion.

 

Due to the continuing losses from operations with minimal revenues, the Company recorded a valuation reserve against its remaining intangible assets in 2018.

  

Revenue recognition

 

The Company currently recognizes revenue from the sale of merchandise through its online platforms. Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed or determinable, and collectability is reasonably assured. Revenue is recorded on a gross basis, net of surcharges and value added tax (“VAT”). The Company recorded revenue on a gross basis because the Company has the following indicators for gross reporting: it is the primary obligor of the sales arrangements, is subject to inventory risks of physical loss, has latitude in establishing prices, has discretion in suppliers’ selection and assumes credit risks on receivables from customers.

 

Revenue from advertising is recognized as advertisements are displayed. Revenue from software development services comprises revenue from time and material and fixed price contracts. Revenue from time and material contracts are recognized as related services are performed. Revenue on fixed price contracts is recognized in accordance with percentage of completion method of accounting.

 

Income taxes

 

The Company utilizes ASC Topic 740 (“ASC 740”) “Income taxes”, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the unaudited condensed consolidated financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

 

ASC 740 “Income taxes” clarifies the accounting for uncertainty in tax positions. This interpretation requires that an entity recognizes in the unaudited condensed consolidated financial statements the impact of a tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of income tax expense in the unaudited consolidated statements of operations and comprehensive losses. The Company evaluates the level of authority for each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of March 31, 2021 and September 30, 2020, the Company did not have any unrecognized tax benefits. The Company does not anticipate any significant increase to its liability for unrecognized tax benefit within the next 12 months.

 

As of March 31, 2021, the tax years ended December 31, 2011 through December 31, 2020 for the Company’s PRC entities remain open for statutory examination by the PRC tax authorities.

 

Foreign currency transactions and translation

 

The reporting currency of the Company is United States Dollars (the “USD”) and the functional currency of Moxian Beijing is Renminbi (the “RMB”) as China is the primary economic environment in which they operate. The functional currency of Moxian HK is the Hong Kong Dollar (the “HKD”).

  

Foreign currency transactions and translation (continued)

 

For financial reporting purposes, the financial statements of Moxian Beijing and Moxian HK, which are prepared using their respective functional currencies, are translated into the reporting currency, USD, so to be consolidated with the Company’s. Monetary assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange ruling at the balance sheet date. Revenues and expenses are translated using average rates prevailing during the reporting period. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income (loss) in stockholders’ equity (deficiency). Transaction gains and losses are recognized in the unaudited consolidated condensed statements of operations and comprehensive loss.

 

The exchange rates applied are as follows:

 

Balance sheet items, except for equity accounts   March 31,
2021
    September 30,
2020
 
RMB:USD     6.5527       6.8141  
HKD:USD     7.7743       7.7502  

 

Items in the unaudited condensed consolidated statements of operations and comprehensive loss, and unaudited condensed consolidated statements of cash flows

 

    Six Months Ended
March 31,
 
    2021     2020  
RMB:USD     6.5532       7.0125  
HKD:USD     7.7546       7.7928  

 

Research and Development

 

Research and development expenses include payroll, employee benefits, stock-based compensation expense, and other related expenses associated with product development. Research and development expenses also include third-party development, programming costs, and localization costs incurred to translate software for local markets. Such costs related to software development are included in research and development expense until the point that technological feasibility is reached. Once technological feasibility is reached, such costs are capitalized and amortized as part of the cost of revenue over the estimated lives of the product.

  

Recent accounting pronouncements

 

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in ASC 605 - Revenue Recognition (“ASC 605”) and most industry-specific guidance throughout ASC 605. The FASB has issued numerous updates that provide clarification on a number of specific issues as well as requiring additional disclosures. The core principle of ASC 606 requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASC 606 defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under existing U.S. GAAP including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation.

 

The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The guidance may be adopted through either retrospective application to all periods presented in the financial statements (full retrospective approach) or through a cumulative effect adjustment to retained earnings at the effective date (modified retrospective approach). The guidance was revised in July 2015 to be effective for private companies and emerging growth public companies for annual and interim periods beginning on or after December 15, 2018. These new standards became effective for AESE on January 1, 2019 and were adopted using the modified retrospective method. The adoption of ASC Topic 606 did not have a material impact on our consolidated financial statements as of the date of adoption, and therefore a cumulative-effect adjustment was not required.

 

In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, “Leases (Topic 842).” ASU 2016-02 requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. This amendment will be effective for private companies and emerging growth companies for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. The FASB issued ASU No. 2018-10 “Codification Improvements to Topic 842, Leases” and ASU No. 2018-11 “Leases (Topic 842) Targeted Improvements” in July 2018, and ASU No. 2018-20 “Leases (Topic 842) - Narrow Scope Improvements for Lessors” in December 2018. ASU 2018-10 and ASU 2018-20 provide certain amendments that affect narrow aspects of the guidance issued in ASU 2016-02. ASU 2018-11 allows all entities adopting ASU 2016-02 to choose an additional (and optional) transition method of adoption, under which an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. We are currently evaluating the impact that this guidance will have on our consolidated financial statements.

 

In June 2016, the FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses (Topic 326)” and also issued subsequent amendments to the initial guidance under ASU 2018-19, ASU 2019-04 and ASU 2019-05 (collectively Topic 326). Topic 326 requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. This replaces the existing incurred loss model with an expected loss model and requires the use of forward-looking information to calculate credit loss estimates. We will be required to adopt the provisions of this ASU effective on January 1, 2023, with early adoption permitted for certain amendments. Topic 326 must be adopted by applying a cumulative effect adjustment to retained earnings. The adoption of Topic 326 is not expected to have a material impact on our consolidated financial statements or disclosures.

  

Recent accounting pronouncements (continued)

 

In August 2016, the FASB issued Accounting Standards Update (“ASU”) ASU 2016-15, “Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). The new standard will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. The new standard for private companies and emerging growth public companies is effective for fiscal years beginning after December 15, 2018. We adopted this new standard on January 1, 2019. The adoption of ASU 2016-15 did not have a material impact on our consolidated financial statements or disclosures.

 

In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The new guidance simplifies the accounting for goodwill impairment by eliminating Step 2 of the goodwill impairment test. Under current guidance, Step 2 of the goodwill impairment test requires entities to calculate the implied fair value of goodwill in the same manner as the amount of goodwill recognized in a business combination by assigning the fair value of a reporting unit to all of the assets and liabilities of the reporting unit. The carrying value in excess of the implied fair value is recognized as goodwill impairment. Under the new standard, goodwill impairment is recognized based on Step 1 of the current guidance, which calculates the carrying value in excess of the reporting unit’s fair value. The new standard is effective beginning in January 2020, with early adoption permitted. We do not expect the impact of adopting this guidance to be material to our consolidated financial statements.

 

In July 2018, the FASB issued ASU No. 2018-09, “Codification Improvements” (“ASU 2018-09”). These amendments provide clarifications and corrections to certain ASC subtopics including the following: Income Statement - Reporting Comprehensive Income – Overall (Topic 220-10), Debt - Modifications and Extinguishments (Topic 470-50), Distinguishing Liabilities from Equity – Overall (Topic 480-10), Compensation - Stock Compensation - Income Taxes (Topic 718-740), Business Combinations - Income Taxes (Topic 805-740), Derivatives and Hedging – Overall (Topic 815-10), and Fair Value Measurement – Overall (Topic 820-10). The majority of the amendments in ASU 2018-09 will be effective in annual periods beginning after December 15, 2019. The adoption of ASU 2018-09 is not expected to have a material impact on our consolidated financial statements or disclosures.

 

In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The amendments in ASU 2018-13 modify the disclosure requirements associated with fair value measurements based on the concepts in the Concepts Statement, including the consideration of costs and benefits. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of ASU 2018-13 it not expected to have a material impact our consolidated financial statements.

 

In March 2019, the FASB issued ASU 2019-02, which aligns the accounting for production costs of episodic television series with the accounting for production costs of films. In addition, ASU 2019-02 modifies certain aspects of the capitalization, impairment, presentation and disclosure requirements in Accounting Standards Codification (“ASC”) 926-20 and the impairment, presentation and disclosure requirements in ASC 920-350. This ASU must be adopted on a prospective basis and is effective for annual periods beginning after December 15, 2020, including interim periods within those years, with early adoption permitted. We are currently evaluating the impact that this pronouncement will have on our consolidated financial statements.

 

In December 2019, the FASB issued ASU 2019-12, Income Taxes – Simplifying the Accounting for Income Taxes. The new guidance simplifies the accounting for income taxes by removing several exceptions in the current standard and adding guidance to reduce complexity in certain areas, such as requiring that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. We are currently assessing the impact that adopting this guidance will have on our consolidated financial statements.

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.1
Account Receivable
6 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Account Receivable

3. Account Receivable

 

The Company had a major account receivable, that of Beijing Bi Er Culture Communication Limited, (“Bi Er”) a limited company based in Beijing, for which the Company provided advertising and other support services under a Strategic Co-operative Agreement signed in August 2019. The balance as of March 31, 2021 is $1,345,080. However, following a breach in a separate Debt Assignment Agreement (see Note 7) in January, 2021, the Company considers the recoverability of this debtor doubtful and has made a full provision for this amount as of March 31, 2021.

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.21.1
Share Subscription Receivable
6 Months Ended
Mar. 31, 2021
Share Subscription Receivable  
Share Subscription Receivable

4. Share Subscription Receivable

 

On September 30, 2019, the Company issued 2,000,000 new shares of Common Stock to Joyful Corporation Limited, (“Joyful”) a Samoa-based company at a price of $1.25 per share, for cash with total proceeds of $2.5 million. Of this amount, a sum of $400,000 was deposited as an advance upon the signing of the Share Subscription Agreement.

 

Over the course of the year to September 30, 2020, various creditors of the Company had agreed to assign their receivables from the Company to Joyful which, in turn offset these amounts against the appropriate share subscription amounts due to the Company for the shares issued. The total amounts agreed to be offset in this manner was $512,412.

 

As of March 31, 2021, the entire amount of the Share Subscription in respect of the 2,000,000 new shares noted above has been fully settled, either in the form of cash, or through an off-set of amounts the Company owed to its directors, other creditors and an unsecured loan from a unrelated third-party, Tang Junsheng (see also Note 7).

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.21.1
Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet
6 Months Ended
Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet

5. Cessation of the Mobile Application part of business and the consequential effects on the Balance Sheet

 

The Company ceased the part of its business associated with its mobile application in the year ended September 30, 2018. As a result, as of that date, it had fully provided for all its related business assets as of September 30, 2018. There has been no movement since as the business had not been re-activated. Therefore, the fully written down value of the assets remain unchanged as of March 31, 2021 and September 30, 2020, and is as follows:

 

(a) Prepayments, deposits and other receivables

 

    March 31,
2021
    September 30,
2020
 
             
Prepayments to suppliers   $ 567,934     $ 567,934  
Rental and other deposits     341,674       341,674  
Employee advances and others     32,240       32,240  
Sub total     941,848       941,848  
Less: allowance for doubtful accounts     (941,848 )     (941,848 )
Prepayments, deposits and other receivables, net   $ -     $ -  

 

(b) Property and equipment, net

 

    March 31,
2021
    September 30, 2020  
             
Electronic equipment   $ 2,319,545     $ 2,319,545  
Furniture and fixtures     70,596       70,596  
Leasehold improvements     263,609       263,609  
Total property and equipment     2,653,750       2,653,750  
Less: Accumulated depreciation and amortization     (2,653,750 )     (2,653,750 )
Total property and equipment, net   $ -     $ -  

 

(c) Intangible assets

 

    March 31,
2021
    September 30, 2020  
             
IP rights   $ 1,410,335     $ 1,410,335  
Other intangible assets     394,883       394,883  
      1,805,218     $ 1,805,218  
Less: accumulated amortization     (1,805,218 )     (1,805,218 )
Net intangible assets   $ -     $ -  
XML 23 R12.htm IDEA: XBRL DOCUMENT v3.21.1
Accruals and Other Payables
6 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]  
Accruals and Other Payables

6. Accruals and other payables

 

    March 31, 2021     September 30, 2020  
             
Salaries payable   $ 21,300     $ 61,761  
Directors’ fees     37,500       398,250  
Accrued expenses     228,737       330,006  
Other payables and provisions     735,328       735,328  
    $ 1,022,865     $ 1,535,335  
XML 24 R13.htm IDEA: XBRL DOCUMENT v3.21.1
Loans
6 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Loans

7. Loans

 

    March 31, 2021     September 30, 2020  
Loans Payable:                
Tang Junsheng     -       308,185  
Others     91,565       51,364  
      91,565       359,549  

 

In August 2020, Mr. Junsheng Tang (“Mr. Tang”) filed a civil action against Moxian Technologies (Beijing) Co. Ltd. (“Moxian Beijing”) for the recovery of RMB 2,100,000 (approximately $321,096) which was the remaining part of a loan that Mr. Tang advanced to Moxian Beijing in January 2019. Mr. Tang was awarded judgment by the People’s Court in Fuzhou, China and Moxian Beijing was ordered to pay Mr. Tang RMB 2,220,000 (approximately $323,000) inclusive of interest and costs. On December 11, 2020, Mr. Tang assigned his debt from Moxian Beijing to Beijing Bi Er Culture and Communication Co., Ltd. (“Beijing Bi Er”), which undertook to settle the full amount pursuant to a Debt Assignment Agreement (the “Assignment Agreement”). The Assignment Agreement became effective in January 2021.

 

On April 26, 2021, the Audit Committee of the Company’s Board of Directors learned that Bi Er had breached the Assignment Agreement by failing to pay necessary funds to Mr. Tang by January 19, 2021. However, Mr. Deng Conglin (“Mr. Deng”) remitted a sum of RMB 2,400,000 on January 20, 2021 to Moxian Beijing, from which amount, Moxian Beijing fully settled the amount due to Mr. Tang. Following the repayment to Mr. Tang, Mr. Deng received 269,909 shares of the Company’s common stock from Joyful Corporation Limited (“Joyful”), which had previously been issued 2,000,000 shares of the Company’s common stock. As previously disclosed, various creditors of the Company, including Mr. Tang, had agreed to assign their receivables from the Company to Joyful which, in turn, offset these receivables through the transfer of such shares to those creditors. Per that agreement, Mr. Tang was to have received 269,909 shares; instead, in consideration for payments by Mr. Deng to Mr. Tang, the 269,909 shares were transferred from Joyful to Mr. Deng.

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes
6 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]  
Income Taxes

8. Income taxes

 

The Company and its subsidiaries file separate income tax returns.

 

The United States of America

 

Moxian is incorporated in the State of Nevada in the U.S. and is subject to U.S. federal corporate income taxes. The State of Nevada does not impose any state corporate income tax. As of March 31, 2021, future net operation losses of approximately $8.9 million are available to offset future operating income through 2036.

 

On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the “2017 Tax Act”) was signed into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a U.S. corporate tax rate decrease from 35% to 21% effective for tax years beginning after December 31, 2017, the transition of U.S international taxation from a worldwide tax system to a territorial system, and a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017. As the Company has a September 30 fiscal year-end, the lower corporate income tax rate will be phased in, resulting in a U.S. statutory federal rate of approximately 24.5% for our fiscal year ended September 30, 2018, and 21% for subsequent fiscal years. Accordingly, we have to remeasure our deferred tax assets on net operating loss carryforward in the U.S at the lower enacted cooperated tax rate of 21%. However, this remeasurement has no effect on the Company’s income tax expenses as the Company has provided a 100% valuation allowance on its deferred tax assets previously.

 

Additionally, the 2017 Tax Act imposes a one-time transition tax on deemed repatriation of historical earnings of foreign subsidiaries, and future foreign earnings are subject to U.S. taxation. The change in rate has caused us to remeasure all U.S. deferred income tax assets and liabilities for temporary differences and NOL carryforwards and recorded one-time income tax payable to be paid in 8 years. However, this one-time transition tax has no effect on the Company’s income tax expenses as the Company has no undistributed foreign earnings prior to December 31, 2017, as the Company has cumulative foreign losses as of March 31, 2021.

  

British Virgin Islands

 

Moxian BVI is incorporated in the British Virgin Islands. Under the current laws of the British Virgin Islands, Moxian BVI is not subject to tax on income or capital gains. In addition, upon payments of dividends by Moxian BVI, no British Virgin Islands withholding tax is imposed.

 

Hong Kong

 

Moxian HK is incorporated in Hong Kong and Hong Kong’s profits tax rate is 16.5%. Moxian HK did not earn any income that was derived in Hong Kong for the years ended December 31, 2020 and 2019 and therefore, Moxian HK was not subject to Hong Kong profits tax.

 

Malaysia

 

Moxian Malaysia ceased operation in June 2017.

 

PRC

 

Effective from January 1, 2008, the PRC’s statutory income tax rate is 25%. The Company’s PRC subsidiaries are subject to income tax rate of 25%, unless otherwise specified.

 

As of September 30, 2020, the Company had net operating loss carry forwards of approximately of $20.2 million in the PRC tax jurisdiction, which expires in the years 2018 through 2022.

 

Moxian Shenzhen was incorporated in the People’s Republic of China. Moxian Shenzhen did not generate taxable income in the People’s Republic of China for the period from April 8, 2013 (date of inception) to September 30, 2018 when it ceased operations.

 

Moyi was incorporated in the People’s Republic of China. Moyi did not generate taxable income in the People’s Republic of China for the period from July 19, 2013 (date of inception) to September 30, 2018 when it ceased operations.

 

Moxian Beijing was incorporated in the People’s Republic of China. Moxian Beijing did not generate taxable income in the People’s Republic of China for the period from December 10, 2015 (date of inception) to December 31, 2020.

 

The Company’s effective income tax rates were 0% for the six months ended March 31, 2021 and 2020 because of accumulated tax losses brought forward. The applicable rates of income taxes are as follows:

 

    March 31, 2021     March 31, 2020  
U.S. statutory rate     34.0 %     34.0 %
Foreign income not registered in the U.S.     (34.0 )%     (34.0 )%
PRC statutory rate     25.0 %     25.0 %
Changes in valuation allowance and others     (25.0 )%     (25.0 )%
Effective tax rate     0 %     0 %

 

Because of the uncertainty regarding the Company’s ability to realize its deferred tax assets, a 100% valuation allowance has been established as of March 31, 2021 and September 30, 2020, respectively.

 

As of March 31, 2021 and September 30, 2020, the valuation allowance was approximately $9.0 million. For the six months ended March 31, 2021 and 2020, there were no increase in the valuation allowance.

 

    March 31, 2021     September 30, 2020  
Deferred tax asset from net operating loss and carry-forwards   $ 9,032,129     $ 9,032,129  
Valuation allowance     (9,032,129 )     (9,032,129 )
Deferred tax asset, net   $ -     $ -  
XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.1
Capital Stock
6 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Capital Stock

9. Capital Stock

 

(a) Reverse Share Split

 

On April 5, 2019, the Board of Directors approved a Split of 1 for 5 which became effective on April 22, 2019. As a result of this reverse stock split, the number of outstanding shares of Common Stock of the Company was reduced from 67,357,222 to 13,471,529. Concurrently, the authorized share capital of the Company was reduced to 50,000,000 shares of Common Stock from 250,000,000 shares.

 

(b) Debt Exchange

 

On May 2, 2019, the Company reached an agreement with each of the three loan creditors as of September 30,2018 regarding settlement of their loans to the Company. (“Debt Exchange”). Under the agreements, the loan creditors, all three loan creditors, which were unrelated parties as of the date of the agreements, would write off a total of $6,243,439 of the loans due from the Company and would accept a total of 720,000 shares of Common Stock at a price of $1.50 per share, in settlement of the remaining balances of the loans. The 720,000 new shares of Common Stock were issued on September 30, 2019.

 

(c) Public Offering Warrants

 

In connection with and upon closing of the Public Offering on November 14, 2016, the Company issued warrants equal to four percent (4%) of the shares issued in the Public Offering, totaling 100,050 units to the placement agents for the offering. The warrants carry a term of five years and shall be exercisable at a price equal to $4.60 per share. Management determined that these warrants meet the definition of a derivative under ASC 815-40, however, they fall under the scope exception which states that contracts issued that are both (a) indexed to its own stock; and (b) classified in stockholders’ equity are not considered derivatives. The warrants were recorded at their fair value on the date of grant as a component of stockholders’ deficiency.

 

The aggregated fair value of the Public Offering Warrants on November 14, 2016 was $280,042. The fair value has been estimated using the Black-Scholes pricing model with the following weighted-average assumptions: market value of underlying stock of $4.09; risk free rate of 1.66%; expected term of 5 years; exercise price of the warrants of $4.60; volatility of 90.7%; and expected future dividends of Nil. As of December 31, 2021 100,060 shares of warrants were issued and outstanding; and none of the warrants has been exercised.

 

(d) New issuance of shares

 

In March, 2021, the Company issued a total of 3,150,000 ordinary shares of common stock to four individuals, at a price of $1.25 per share. The proceeds from these issues will be used for working capital needs of the Company.

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.21.1
Commitments and Contingencies
6 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

10. Commitments and contingencies

 

Operating Lease

 

The Company currently leases its office premises for RMB150,000 (approximately equivalent to $23,000) per month, inclusive of management fees on a tenancy agreement which will expire in November 2021, if not terminated earlier by mutual consent.

 

Legal Proceedings

 

As of March 31, 2021, the Company is not aware of any material outstanding claim and litigation against them.

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.21.1
Subsequent Events
6 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

11. Subsequent events

 

(a) Appointment of a new director

 

Effective April 1, 2021, Ms Zhao Yahui was appointed to the Board of Directors. Also, effective from April 1, 2021, the Board elected Mr. Hao Qinghu as its Chairman. Mr. Hao is also the Chief Executive Officer of the Registrant. He has been a director of the Company since January, 2016. Mr. Hao replaces Mr. William Yap Guan Hong, who had served as non-executive chairman; Mr. Yap will remain on the Board.

 

(b) Compliance with the Minimum Market Value Requirement

 

On April 6, 2021, the Company received a letter from Nasdaq notifying the Company that it had regained compliance with Nasdaq Listing Rule 5550 (b) (2) requiring the market value of the Company’s securities to be at least $35 million.

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Principal Accounting Policies (Policies)
6 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Basis of Presentation

Basis of presentation

 

The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and reflect the activities of the following subsidiaries and VIE: Moxian CN Samoa, Moxian BVI, Moxian HK, Moxian Beijing, and Moxian IP Samoa. All inter-company transactions and balances have been eliminated in the consolidation. All other subsidiary companies and the sole VIE, Moyi, have been inactive since September 30, 2018.

 

The unaudited interim condensed consolidated financial information as of March 31, 2020 and for the six months ended March 31, 2020 and 2019 have been prepared, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures, which are normally included in annual consolidated financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited interim condensed consolidated financial information should be read in conjunction with the consolidated financial statements and the notes thereto, included in the Company’s Form 10-K for the fiscal year ended September 30, 2019, previously filed with the SEC on January 14, 2020.

 

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s unaudited condensed consolidated financial position as of March 31, 2021 and of its unaudited condensed consolidated results of operations for the six months ended March 31, 2021 and 2020, and of its unaudited condensed consolidated cash flows for the six months ended March 31, 2021 and 2020, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.

 

The following assets and liabilities of the VIE, which has been dormant since September 30, 2018, are included in the accompanying consolidated financial statements of the Company as of March 31, 2021 and September 30, 2019:

 

    March 31,
2021
    September 30,
2020
 
             
Current assets   $ -     $ -  
Non-current assets     -             -  
Total assets   $ -     $ -  
                 
Current liabilities   $ -     $ -  
Non-current liabilities     -       -  
Total liabilities   $ -     $ -  
Reclassification

Reclassification

 

Certain prior period amounts have been reclassified to conform to the current period presentation.

Going Concern

Going Concern

 

As explained in Note 1, the Company has had only a single line of business since September 30, 2018 due to a lack of working capital.

 

In assessing the Company’s liquidity and its ability to continue as a going concern, the Company monitors and analyzes its cash and cash equivalents and its operating and capital expenditure commitments. The Company’s liquidity needs are to meet its working capital requirements, operating expenses and capital expenditure obligations.

 

If the Company is unable to obtain the necessary additional capital on a timely basis and on acceptable terms, it will be unable to implement its current plans for expansion, repay debt obligations or respond to competitive pressures. Any of these factors would have a material adverse effect on its business, prospects, financial condition and results of operations and raise substantial doubts about the ability of the Company to continue as a going concern. The consolidated financial statements for the period ended March 31, 2020 and September 30, 2019 have been prepared on a going concern basis and do not include any adjustments to reflect the possible future effects on the recoverability and classifications of assets or the amounts and classifications of liabilities that may result from the inability of the Company to continue as a going concern.

Risks and Uncertainties

Risks and Uncertainties

 

The Company’s operations are substantially carried out in the People’s Republic of China (“PRC”). Accordingly, the Company’s business, financial condition and results of operations may be substantially influenced by the political, economic and legal environments in the PRC, and by the general state of the PRC’s economy. The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.

 

Since September 30, 2018 the Company’s operations have been carried out in its Beijing subsidiary, Moxian Beijing, whereas the intermediate company in Hong Kong, Moxian HK, provides support for the treasury and corporate functions. All other companies of the Group are dormant and have no business operations.

Fair Value of Financial Instruments

Fair value of financial instruments

 

The Company follows the provisions of Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures.” ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

 

Level 1-Observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.

 

Level 2-Inputs other than quoted prices that are observable for the asset or liability in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.

 

Level 3-Inputs are unobservable inputs which reflect management’s assumptions based on the best available information.

 

The carrying value of cash and cash equivalents, restricted cash, prepayments, deposits and other receivables, Value added tax recoverable, accruals and other payables, loans from related parties and stock subscription payable approximate their fair values because of the short-term nature of these instruments.

Use of Estimates

Use of estimates

 

The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the accompanying unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates required to be made by management include but not limited to, useful lives of property and equipment, intangible assets valuation, inventory valuation and deferred tax assets. Actual results could differ from those estimates.

Property and Equipment, Net

Property and Equipment, net

 

Property and equipment are recorded at cost less accumulated depreciation and impairment. Significant additions or improvements extending useful lives of assets are capitalized. Maintenance and repairs are charged to expense as incurred. Depreciation and amortization are computed using the straight-line method over the estimated useful lives as follows:

 

  Electronic equipment 3-6 years
     
  Furniture and fixtures 3-6 years
     
  Leasehold improvements Shorter of estimated useful life or term of lease
Impairment of Long-lived Assets

Impairment of long-lived assets

 

The Company classifies its long-lived assets into: (i) computer and office equipment; (ii) furniture and fixtures, (iii) leasehold improvements, and (iv) finite – lived intangible assets.

 

Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be fully recoverable. It is possible that these assets could become impaired as a result of technology, economy or other industry changes. If circumstances require a long-lived asset or asset group to be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying value. If the carrying value of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques, including discounted cash flow models, relief from royalty income approach, quoted market values and third-party independent appraisals, as considered necessary.

 

The Company makes various assumptions and estimates regarding estimated future cash flows and other factors in determining the fair values of the respective assets. The assumptions and estimates used to determine future values and remaining useful lives of long-lived assets are complex and subjective. They can be affected by various factors, including external factors such as industry and economic trends, and internal factors such as the Company’s business strategy and its forecasts for specific market expansion.

 

Due to the continuing losses from operations with minimal revenues, the Company recorded a valuation reserve against its remaining intangible assets in 2018.

Revenue Recognition

Revenue recognition

 

The Company currently recognizes revenue from the sale of merchandise through its online platforms. Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed or determinable, and collectability is reasonably assured. Revenue is recorded on a gross basis, net of surcharges and value added tax (“VAT”). The Company recorded revenue on a gross basis because the Company has the following indicators for gross reporting: it is the primary obligor of the sales arrangements, is subject to inventory risks of physical loss, has latitude in establishing prices, has discretion in suppliers’ selection and assumes credit risks on receivables from customers.

 

Revenue from advertising is recognized as advertisements are displayed. Revenue from software development services comprises revenue from time and material and fixed price contracts. Revenue from time and material contracts are recognized as related services are performed. Revenue on fixed price contracts is recognized in accordance with percentage of completion method of accounting.

Income Taxes

Income taxes

 

The Company utilizes ASC Topic 740 (“ASC 740”) “Income taxes”, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the unaudited condensed consolidated financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

 

ASC 740 “Income taxes” clarifies the accounting for uncertainty in tax positions. This interpretation requires that an entity recognizes in the unaudited condensed consolidated financial statements the impact of a tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of income tax expense in the unaudited consolidated statements of operations and comprehensive losses. The Company evaluates the level of authority for each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of March 31, 2021 and September 30, 2020, the Company did not have any unrecognized tax benefits. The Company does not anticipate any significant increase to its liability for unrecognized tax benefit within the next 12 months.

 

As of March 31, 2021, the tax years ended December 31, 2011 through December 31, 2020 for the Company’s PRC entities remain open for statutory examination by the PRC tax authorities.

Foreign Currency Transactions and Translation

Foreign currency transactions and translation

 

The reporting currency of the Company is United States Dollars (the “USD”) and the functional currency of Moxian Beijing is Renminbi (the “RMB”) as China is the primary economic environment in which they operate. The functional currency of Moxian HK is the Hong Kong Dollar (the “HKD”).

 

For financial reporting purposes, the financial statements of Moxian Beijing and Moxian HK, which are prepared using their respective functional currencies, are translated into the reporting currency, USD, so to be consolidated with the Company’s. Monetary assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange ruling at the balance sheet date. Revenues and expenses are translated using average rates prevailing during the reporting period. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income (loss) in stockholders’ equity (deficiency). Transaction gains and losses are recognized in the unaudited consolidated condensed statements of operations and comprehensive loss.

 

The exchange rates applied are as follows:

 

Balance sheet items, except for equity accounts   March 31,
2021
    September 30,
2020
 
RMB:USD     6.5527       6.8141  
HKD:USD     7.7743       7.7502  

 

Items in the unaudited condensed consolidated statements of operations and comprehensive loss, and unaudited condensed consolidated statements of cash flows

 

    Six Months Ended
March 31,
 
    2021     2020  
RMB:USD     6.5532       7.0125  
HKD:USD     7.7546       7.7928  
Research and Development

Research and Development

 

Research and development expenses include payroll, employee benefits, stock-based compensation expense, and other related expenses associated with product development. Research and development expenses also include third-party development, programming costs, and localization costs incurred to translate software for local markets. Such costs related to software development are included in research and development expense until the point that technological feasibility is reached. Once technological feasibility is reached, such costs are capitalized and amortized as part of the cost of revenue over the estimated lives of the product.

Recent Accounting Pronouncements

Recent accounting pronouncements

 

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in ASC 605 - Revenue Recognition (“ASC 605”) and most industry-specific guidance throughout ASC 605. The FASB has issued numerous updates that provide clarification on a number of specific issues as well as requiring additional disclosures. The core principle of ASC 606 requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASC 606 defines a five-step process to achieve this core principle and, in doing so, it is possible more judgment and estimates may be required within the revenue recognition process than required under existing U.S. GAAP including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation.

 

The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The guidance may be adopted through either retrospective application to all periods presented in the financial statements (full retrospective approach) or through a cumulative effect adjustment to retained earnings at the effective date (modified retrospective approach). The guidance was revised in July 2015 to be effective for private companies and emerging growth public companies for annual and interim periods beginning on or after December 15, 2018. These new standards became effective for AESE on January 1, 2019 and were adopted using the modified retrospective method. The adoption of ASC Topic 606 did not have a material impact on our consolidated financial statements as of the date of adoption, and therefore a cumulative-effect adjustment was not required.

 

In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, “Leases (Topic 842).” ASU 2016-02 requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. This amendment will be effective for private companies and emerging growth companies for fiscal years beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. The FASB issued ASU No. 2018-10 “Codification Improvements to Topic 842, Leases” and ASU No. 2018-11 “Leases (Topic 842) Targeted Improvements” in July 2018, and ASU No. 2018-20 “Leases (Topic 842) - Narrow Scope Improvements for Lessors” in December 2018. ASU 2018-10 and ASU 2018-20 provide certain amendments that affect narrow aspects of the guidance issued in ASU 2016-02. ASU 2018-11 allows all entities adopting ASU 2016-02 to choose an additional (and optional) transition method of adoption, under which an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. We are currently evaluating the impact that this guidance will have on our consolidated financial statements.

 

In June 2016, the FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses (Topic 326)” and also issued subsequent amendments to the initial guidance under ASU 2018-19, ASU 2019-04 and ASU 2019-05 (collectively Topic 326). Topic 326 requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. This replaces the existing incurred loss model with an expected loss model and requires the use of forward-looking information to calculate credit loss estimates. We will be required to adopt the provisions of this ASU effective on January 1, 2023, with early adoption permitted for certain amendments. Topic 326 must be adopted by applying a cumulative effect adjustment to retained earnings. The adoption of Topic 326 is not expected to have a material impact on our consolidated financial statements or disclosures.

   

In August 2016, the FASB issued Accounting Standards Update (“ASU”) ASU 2016-15, “Statement of Cash Flows (Topic 230) Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). The new standard will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. The new standard for private companies and emerging growth public companies is effective for fiscal years beginning after December 15, 2018. We adopted this new standard on January 1, 2019. The adoption of ASU 2016-15 did not have a material impact on our consolidated financial statements or disclosures.

 

In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The new guidance simplifies the accounting for goodwill impairment by eliminating Step 2 of the goodwill impairment test. Under current guidance, Step 2 of the goodwill impairment test requires entities to calculate the implied fair value of goodwill in the same manner as the amount of goodwill recognized in a business combination by assigning the fair value of a reporting unit to all of the assets and liabilities of the reporting unit. The carrying value in excess of the implied fair value is recognized as goodwill impairment. Under the new standard, goodwill impairment is recognized based on Step 1 of the current guidance, which calculates the carrying value in excess of the reporting unit’s fair value. The new standard is effective beginning in January 2020, with early adoption permitted. We do not expect the impact of adopting this guidance to be material to our consolidated financial statements.

 

In July 2018, the FASB issued ASU No. 2018-09, “Codification Improvements” (“ASU 2018-09”). These amendments provide clarifications and corrections to certain ASC subtopics including the following: Income Statement - Reporting Comprehensive Income – Overall (Topic 220-10), Debt - Modifications and Extinguishments (Topic 470-50), Distinguishing Liabilities from Equity – Overall (Topic 480-10), Compensation - Stock Compensation - Income Taxes (Topic 718-740), Business Combinations - Income Taxes (Topic 805-740), Derivatives and Hedging – Overall (Topic 815-10), and Fair Value Measurement – Overall (Topic 820-10). The majority of the amendments in ASU 2018-09 will be effective in annual periods beginning after December 15, 2019. The adoption of ASU 2018-09 is not expected to have a material impact on our consolidated financial statements or disclosures.

 

In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The amendments in ASU 2018-13 modify the disclosure requirements associated with fair value measurements based on the concepts in the Concepts Statement, including the consideration of costs and benefits. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of ASU 2018-13 it not expected to have a material impact our consolidated financial statements.

 

In March 2019, the FASB issued ASU 2019-02, which aligns the accounting for production costs of episodic television series with the accounting for production costs of films. In addition, ASU 2019-02 modifies certain aspects of the capitalization, impairment, presentation and disclosure requirements in Accounting Standards Codification (“ASC”) 926-20 and the impairment, presentation and disclosure requirements in ASC 920-350. This ASU must be adopted on a prospective basis and is effective for annual periods beginning after December 15, 2020, including interim periods within those years, with early adoption permitted. We are currently evaluating the impact that this pronouncement will have on our consolidated financial statements.

 

In December 2019, the FASB issued ASU 2019-12, Income Taxes – Simplifying the Accounting for Income Taxes. The new guidance simplifies the accounting for income taxes by removing several exceptions in the current standard and adding guidance to reduce complexity in certain areas, such as requiring that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. We are currently assessing the impact that adopting this guidance will have on our consolidated financial statements.

XML 30 R19.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Principal Accounting Policies (Tables)
6 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Schedule of Assets and Liabilities of VIE

The following assets and liabilities of the VIE, which has been dormant since September 30, 2018, are included in the accompanying consolidated financial statements of the Company as of March 31, 2021 and September 30, 2019:

 

    March 31,
2021
    September 30,
2020
 
             
Current assets   $ -     $ -  
Non-current assets     -             -  
Total assets   $ -     $ -  
                 
Current liabilities   $ -     $ -  
Non-current liabilities     -       -  
Total liabilities   $ -     $ -  
Schedule of Straight-line Method Over Estimated Useful Lives

Depreciation and amortization are computed using the straight-line method over the estimated useful lives as follows:

 

  Electronic equipment 3-6 years
     
  Furniture and fixtures 3-6 years
     
  Leasehold improvements Shorter of estimated useful life or term of lease
Summary of Exchange Rates of Balance Sheet Items, Except for Equity Accounts

The exchange rates applied are as follows:

 

Balance sheet items, except for equity accounts   March 31,
2021
    September 30,
2020
 
RMB:USD     6.5527       6.8141  
HKD:USD     7.7743       7.7502  
Summary of Statements of Operations, Comprehensive Loss and Cash Flows

Items in the unaudited condensed consolidated statements of operations and comprehensive loss, and unaudited condensed consolidated statements of cash flows

 

    Six Months Ended
March 31,
 
    2021     2020  
RMB:USD     6.5532       7.0125  
HKD:USD     7.7546       7.7928  
XML 31 R20.htm IDEA: XBRL DOCUMENT v3.21.1
Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet (Tables)
6 Months Ended
Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Other Prepayments, Deposits and Receivables

(a) Prepayments, deposits and other receivables

 

    March 31,
2021
    September 30,
2020
 
             
Prepayments to suppliers   $ 567,934     $ 567,934  
Rental and other deposits     341,674       341,674  
Employee advances and others     32,240       32,240  
Sub total     941,848       941,848  
Less: allowance for doubtful accounts     (941,848 )     (941,848 )
Prepayments, deposits and other receivables, net   $ -     $ -  
Schedule of Property and Equipment, Net

(b) Property and equipment, net

 

    March 31,
2021
    September 30, 2020  
             
Electronic equipment   $ 2,319,545     $ 2,319,545  
Furniture and fixtures     70,596       70,596  
Leasehold improvements     263,609       263,609  
Total property and equipment     2,653,750       2,653,750  
Less: Accumulated depreciation and amortization     (2,653,750 )     (2,653,750 )
Total property and equipment, net   $ -     $ -  

Schedule of Intangible Assets

c) Intangible assets

 

    March 31,
2021
    September 30, 2020  
             
IP rights   $ 1,410,335     $ 1,410,335  
Other intangible assets     394,883       394,883  
      1,805,218     $ 1,805,218  
Less: accumulated amortization     (1,805,218 )     (1,805,218 )
Net intangible assets   $ -     $ -  
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.21.1
Accruals and Other Payables (Tables)
6 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]  
Schedule of Accruals and Other Payables
    March 31, 2021     September 30, 2020  
             
Salaries payable   $ 21,300     $ 61,761  
Directors’ fees     37,500       398,250  
Accrued expenses     228,737       330,006  
Other payables and provisions     735,328       735,328  
    $ 1,022,865     $ 1,535,335  
XML 33 R22.htm IDEA: XBRL DOCUMENT v3.21.1
Loans (Tables)
6 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Loans
    March 31, 2021     September 30, 2020  
Loans Payable:                
Tang Junsheng     -       308,185  
Others     91,565       51,364  
      91,565       359,549  
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes (Tables)
6 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rates

The Company’s effective income tax rates were 0% for the six months ended March 31, 2021 and 2020 because of accumulated tax losses brought forward. The applicable rates of income taxes are as follows:

 

    March 31, 2021     March 31, 2020  
U.S. statutory rate     34.0 %     34.0 %
Foreign income not registered in the U.S.     (34.0 )%     (34.0 )%
PRC statutory rate     25.0 %     25.0 %
Changes in valuation allowance and others     (25.0 )%     (25.0 )%
Effective tax rate     0 %     0 %

Schedule of Valuation Allowance

As of March 31, 2021 and September 30, 2020, the valuation allowance was approximately $9.0 million. For the six months ended March 31, 2021 and 2020, there were no increase in the valuation allowance.

 

    March 31, 2021     September 30, 2020  
Deferred tax asset from net operating loss and carry-forwards   $ 9,032,129     $ 9,032,129  
Valuation allowance     (9,032,129 )     (9,032,129 )
Deferred tax asset, net   $ -     $ -  
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.21.1
Organization and Corporate Developments (Details Narrative)
12 Months Ended
Jun. 21, 2019
USD ($)
$ / shares
shares
May 02, 2019
USD ($)
shares
Apr. 22, 2019
shares
Nov. 14, 2016
USD ($)
$ / shares
shares
Jan. 30, 2015
USD ($)
Feb. 21, 2014
USD ($)
Sep. 30, 2019
shares
Mar. 31, 2021
shares
Sep. 30, 2020
shares
Sep. 30, 2017
USD ($)
Sep. 30, 2017
GBP (£)
Jul. 03, 2012
Organization and Nature of Operations [Line Items]                        
Reverse stock split     1-for-5 reverse share split                  
Common stock, shares authorized | shares     250,000,000         50,000,000 50,000,000      
IPO [Member]                        
Organization and Nature of Operations [Line Items]                        
Number of new common stock shares issued | shares       2,501,250                
Shares issued price per share | $ / shares       $ 4.00                
Proceeds from public offering       $ 10,005,000                
Net proceeds from offering       $ 8,500,000                
Joyful Corporation Limited [Member]                        
Organization and Nature of Operations [Line Items]                        
Shares issued price per share | $ / shares $ 1.25                      
Number of shares purchased | shares 2,000,000                      
Proceeds from shares purchased $ 2,500,000                      
Joyful Corporation Limited [Member] | Call Option [Member]                        
Organization and Nature of Operations [Line Items]                        
Shares issued price per share | $ / shares $ 1.25                      
Number of shares purchased | shares 690,000                      
Moxian Technologies (Beijing) Co., Ltd. [Member]                        
Organization and Nature of Operations [Line Items]                        
Investment                   $ 1,500,000    
Moxian Technologies (Beijing) Co., Ltd. [Member] | RMB [Member]                        
Organization and Nature of Operations [Line Items]                        
Investment | £                     £ 10,000,000  
Moxian CN Samoa from Rebel Group, Inc [Member]                        
Organization and Nature of Operations [Line Items]                        
Equity interests                       100.00%
License and Acquisition Agreement [Member] | Three Loan Creditors [Member]                        
Organization and Nature of Operations [Line Items]                        
Number of new common stock shares issued | shares   720,000         720,000          
Loan outstanding   $ 6,243,439                    
Percentage of creditors loan description   Under the agreements, all three loan creditors, which are unrelated parties as of the date of the agreements, would write off a total of $6,243,439 of the loans due from the Company and would accept a total of 720,000 shares of Common Stock in settlement of the remaining balances of the loans. The 720,000 new shares of Common Stock were issued on September, 30, 2019.                    
License and Acquisition Agreement [Member] | IP Rights [Member]                        
Organization and Nature of Operations [Line Items]                        
Royalty fee           $ 1,000,000            
Equity Transfer Agreement [Member] | Moxian IP Samoa [Member]                        
Organization and Nature of Operations [Line Items]                        
Payment to acquire business in joint venture         $ 6,782,000              
Equity Transfer Agreement [Member] | Moxian CN Samoa from Rebel Group, Inc [Member]                        
Organization and Nature of Operations [Line Items]                        
Equity interests         100.00%              
Moxian BVI [Member] | License and Acquisition Agreement [Member]                        
Organization and Nature of Operations [Line Items]                        
Business combination, consideration transferred           $ 1,000,000            
License and acquisition agreement description           On February 21, 2014, Moxian acquired Moxian Group Limited ("Moxian BVI"), together with its subsidiaries, Moxian (Hong Kong) Limited ("Moxian HK"), Moxian Technology (Shenzhen) Co., Ltd. ("Moxian Shenzhen"), and Moxian Malaysia Sdn. Bhd.("Moxian Malaysia") through our wholly owned subsidiary, Moxian CN Samoa from Rebel Group, Inc. ("REBL"), a company incorporated in the State of Florida and of which our previous Chief Executive Officer, Tan Meng Dong, is a promoter as the term is defined under Rule 405 of Regulation C promulgated under the Securities Act, by entering into a License and Acquisition Agreement (the "License and Acquisition Agreement") in consideration of $1,000,000 ("Moxian BVI Purchase Price"). As a result, Moxian BVI, together with its subsidiaries, Moxian HK, Moxian Shenzhen, and Moxian Malaysia, became the Company's subsidiaries. Under the License and Acquisition Agreement, REBL also agreed to grant us the exclusive right to use REBL's intellectual property rights (collectively, the "IP Rights") in Mainland China, Malaysia, and other countries and regions where REBL conducts its business (the "Licensed Territory"), and the exclusive right to solicit, promote, distribute and sell REBL products and services in the Licensed Territory for five years (the "License,") and in consideration of such License, the Company agreed to pay to REBL (i) $1,000,000 as license maintenance royalty each year commencing on the first anniversary of the date of the License Agreement; and (ii) 3% of the gross profits resulting from the distribution and sale of the products and services on behalf of the Company as an earned royalty.            
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Principal Accounting Policies (Details Narrative)
6 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Income tax examination, likelihood of unfavorable settlement Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Principal Accounting Policies - Schedule of Assets and Liabilities of VIE (Details) - USD ($)
Mar. 31, 2021
Sep. 30, 2020
Current assets $ 3,627,303 $ 2,295,657
Total assets 2,306,851 400,773
Current liabilities 1,320,452 1,894,884
Variable Interest Entity, Primary Beneficiary [Member]    
Current assets
Non-current assets
Total assets
Current liabilities 2,043,779 2,043,779
Non-current liabilities
Total liabilities $ 2,043,779 $ 2,043,779
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Principal Accounting Policies - Schedule of Straight-line Method Over Estimated Useful Lives (Details)
6 Months Ended
Mar. 31, 2021
Electronic Equipment [Member] | Minimum [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives 3 years
Electronic Equipment [Member] | Maximum [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives 6 years
Furniture and Fixtures [Member] | Minimum [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives 3 years
Furniture and Fixtures [Member] | Maximum [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives 6 years
Leasehold Improvements [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives, description Shorter of estimated useful life or term of lease
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Principal Accounting Policies - Summary of Exchange Rates of Balance Sheet Items, Except for Equity Accounts (Details)
Mar. 31, 2021
Sep. 30, 2020
RMB:USD [Member]    
Exchange rates applied 6.5527 6.8141
HKD:USD [Member]    
Exchange rates applied 7.7743 7.7502
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Principal Accounting Policies - Summary of Statements of Operations, Comprehensive Loss and Cash Flows (Details)
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
RMB:USD [Member]    
Foreign currency translation exchange rate of revenues and expenses 6.5532 7.0125
HKD:USD [Member]    
Foreign currency translation exchange rate of revenues and expenses 7.7546 7.7928
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.21.1
Account Receivable (Details Narrative) - USD ($)
Mar. 31, 2021
Sep. 30, 2020
Receivables [Abstract]    
Account receivable $ 1,462,698
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.21.1
Share Subscription Receivable (Details Narrative) - USD ($)
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Mar. 31, 2021
Mar. 31, 2020
Proceeds from issuance of common stock     $ 4,765,210 $ 1,318,087
Subscription share settled     2,000,000  
Joyful Corporation Limited [Member]        
Number of common stock new shares issued   2,000,000    
Share issued price per share   $ 1.25    
Proceeds from issuance of common stock   $ 2,500,000    
Deposit amount   $ 400,000    
Debt offset against share subscription amount $ 512,412      
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.21.1
Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet - Schedule of Other Prepayments, Deposits and Receivables (Details) - USD ($)
Mar. 31, 2021
Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]    
Prepayments to suppliers $ 567,934 $ 567,934
Rental and other deposits 341,674 341,674
Employee advances and others 32,240 32,240
Sub total 941,848 941,848
Less: allowance for doubtful accounts (941,848) (941,848)
Prepayments, deposits and other receivable, net
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.21.1
Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet - Schedule of Property and Equipment, Net (Details) - USD ($)
Mar. 31, 2021
Sep. 30, 2020
Total property and equipment $ 2,653,750 $ 2,653,750
Less: Accumulated depreciation and amortization (2,653,750) (2,653,750)
Total property and equipment, net
Electronic Equipment [Member]    
Total property and equipment 2,319,545 2,319,545
Furniture and Fixtures [Member]    
Total property and equipment 70,596 70,596
Leasehold Improvements [Member]    
Total property and equipment $ 263,609 $ 263,609
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.21.1
Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet - Schedule of Intangible Assets (Details) - USD ($)
Mar. 31, 2021
Sep. 30, 2020
Gross carrying amount $ 1,805,218 $ 1,805,218
Less: accumulated amortization (1,805,218) (1,805,218)
Net intangible assets
IP Rights [Member]    
Gross carrying amount 1,410,335 1,410,335
Other Intangible Assets [Member]    
Gross carrying amount $ 394,883 $ 394,883
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.21.1
Accruals and Other Payables - Schedule of Accruals and Other Payables (Details) - USD ($)
Mar. 31, 2021
Sep. 30, 2020
Payables and Accruals [Abstract]    
Salaries payable $ 21,300 $ 61,761
Directors' fees 37,500 398,250
Accrued expenses 228,737 330,006
Other payables and provisions 735,328 735,328
Total $ 1,022,865 $ 1,535,335
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.21.1
Loans (Details Narrative) - USD ($)
6 Months Ended
Jan. 20, 2021
Mar. 31, 2021
Aug. 31, 2020
Joyful Corporation Limited [Member]      
Debt Instrument conversion   2,000,000  
Mr. Deng Conglin [Member]      
Debt Instrument conversion   269,909  
RMB [Member] | Mr. Deng Conglin [Member]      
Litigation settlement $ 2,400,000    
Mr. Junsheng Tang [Member]      
Outstanding loan     $ 321,096
Repayment of debt   $ 323,000  
Mr. Junsheng Tang [Member] | RMB [Member]      
Outstanding loan     $ 2,100,000
Repayment of debt   $ 2,220,000  
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.21.1
Loans - Schedule of Loans (Details) - USD ($)
Mar. 31, 2021
Sep. 30, 2020
Loan payable $ 91,565 $ 359,549
Tang Junsheng [Member]    
Loan payable 308,185
Others [Member]    
Loan payable $ 91,565 $ 51,364
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Sep. 30, 2020
Income Taxes [Line Items]            
Operating loss carryforwards     $ 8,900,000      
Operating loss carryforwards, description     Future operating income through 2036.      
U.S. Corporate tax rate     21.00%     24.50%
Income tax description     On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") was signed into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a U.S. corporate tax rate decrease from 35% to 21% effective for tax years beginning after December 31, 2017, the transition of U.S international taxation from a worldwide tax system to a territorial system, and a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017. As the Company has a September 30 fiscal year-end, the lower corporate income tax rate will be phased in, resulting in a U.S. statutory federal rate of approximately 24.5% for our fiscal year ended September 30, 2018, and 21% for subsequent fiscal years. Accordingly, we have to remeasure our deferred tax assets on net operating loss carryforward in the U.S at the lower enacted cooperated tax rate of 21%. However, this remeasurement has no effect on the Company's income tax expenses as the Company has provided a 100% valuation allowance on its deferred tax assets previously.      
Percentage of deferred tax assets, valuation allowance     100.00% 100.00%   100.00%
Effective tax rate     0.00% 0.00% 0.00%  
Tax cuts and jobs act net operating loss carryforwards tax payable     The change in rate has caused us to remeasure all U.S. deferred income tax assets and liabilities for temporary differences and NOL carryforwards and recorded one-time income tax payable to be paid in 8 years.      
Deferred tax assets, valuation allowance     $ 9,032,129     $ 9,032,129
Increase in valuation allowance     $ 0 $ 0    
Hong Kong [Member]            
Income Taxes [Line Items]            
Effective tax rate 16.50% 16.50%        
PRC [Member]            
Income Taxes [Line Items]            
U.S. Corporate tax rate     25.00%      
PRC [Member] | State and Local Jurisdiction [Member]            
Income Taxes [Line Items]            
Operating loss carryforwards           $ 20,200,000
Operating loss carryforwards, description           The Company had net operating loss carry forwards of approximately of $20.2 million in the PRC tax jurisdiction, which expires in the years 2018 through 2022.
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes - Schedule of Effective Income Tax Rates (Details)
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Foreign income not registered in the U.S. (34.00%) (34.00%)  
Changes in valuation allowance and others (25.00%) (25.00%)  
Effective tax rate 0.00% 0.00% 0.00%
US [Member]      
U.S. statutory rate 34.00% 34.00%  
PRC [Member]      
U.S. statutory rate 25.00% 25.00%  
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes - Schedule of Valuation Allowance (Details) - USD ($)
Mar. 31, 2021
Sep. 30, 2020
Income Tax Disclosure [Abstract]    
Deferred tax asset from net operating loss and carry-forwards $ 9,032,129 $ 9,032,129
Valuation allowance (9,032,129) (9,032,129)
Deferred tax asset, net
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.21.1
Capital Stock (Details Narrative)
3 Months Ended 6 Months Ended 12 Months Ended
May 02, 2019
USD ($)
$ / shares
shares
Apr. 22, 2019
shares
Apr. 05, 2019
Mar. 31, 2021
$ / shares
shares
Mar. 31, 2021
$ / shares
shares
Sep. 30, 2019
shares
Dec. 31, 2021
shares
Sep. 30, 2020
shares
Mar. 31, 2020
Apr. 21, 2019
shares
Nov. 14, 2016
USD ($)
$ / shares
shares
Stock split description   1-for-5 reverse share split                  
Common stock, shares outstanding       19,341,529 19,341,529     16,191,529      
Common stock, shares authorized   250,000,000   50,000,000 50,000,000     50,000,000      
Warrants [Member]                      
Warrants issued percentage                     0.04
Warrants, issued                     100,050
Warrants, term                     5 years
Warrants, exercise price per share | $ / shares                     $ 4.60
Fair value of warrants | $                     $ 280,042
Warrants [Member] | Forecast [Member]                      
Warrants, issued             100,060        
Warrants [Member] | Share Price [Member]                      
Warrants, measurement input       4.09 4.09            
Warrants [Member] | Risk Free Rate [Member]                      
Warrants, measurement input       1.66 1.66            
Warrants [Member] | Expected Term [Member]                      
Warrants, term                 5 years    
Warrants [Member] | Exercise Price [Member]                      
Warrants, measurement input       4.60 4.60            
Warrants [Member] | Volatility [Member]                      
Warrants, measurement input       90.7 90.7            
Warrants [Member] | Expected Future Dividends [Member]                      
Warrants, measurement input       0 0            
Common Stock [Member]                      
Number of new common stock shares issued       3,150,000 3,150,000            
Shares issued price per share | $ / shares       $ 1.25 $ 1.25            
Board of Directors [Member]                      
Stock split description     Split of 1 for 5 which became effective on April 22 2019                
Common stock, shares outstanding   13,471,529               67,357,222  
Common stock, shares authorized   250,000,000               50,000,000  
Each of the Three Loan Creditors [Member]                      
Loan amount write off | $ $ 6,243,439                    
Number of new common stock shares issued 720,000         720,000          
Shares issued price per share | $ / shares $ 1.50                    
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.21.1
Commitments and Contingencies (Details Narrative)
6 Months Ended
Mar. 31, 2021
USD ($)
Mar. 31, 2021
GBP (£)
Loss Contingencies [Line Items]    
Rental expense under operating leases | $ $ 23,000  
Lease expiration date Nov. 30, 2021 Nov. 30, 2021
RMB [Member]    
Loss Contingencies [Line Items]    
Rental expense under operating leases | £   £ 150,000
XML 54 R43.htm IDEA: XBRL DOCUMENT v3.21.1
Subsequent events (Details Narrative) - Subsequent Event [Member]
Apr. 06, 2021
USD ($)
Market value of securities, description On April 6, 2021, the Company received a letter from Nasdaq notifying the Company has regained compliance with Nasdaq Listing Rule 5550 (b) (2) requiring the market value of the Company’s securities to be at least $35 million.
Minimum [Member]  
Market value of securities $ 35,000,000
EXCEL 55 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 57 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 58 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.1 html 138 255 1 false 46 0 false 5 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://moxian.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Consolidated Balance Sheets (Unaudited) Sheet http://moxian.com/role/BalanceSheets Condensed Consolidated Balance Sheets (Unaudited) Statements 2 false false R3.htm 00000003 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) Sheet http://moxian.com/role/BalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) Sheet http://moxian.com/role/StatementsOfOperationsAndComprehensiveLoss Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Condensed Consolidated Statements of Stockholders' Equity (Unaudited) Sheet http://moxian.com/role/StatementsOfStockholdersEquity Condensed Consolidated Statements of Stockholders' Equity (Unaudited) Statements 5 false false R6.htm 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://moxian.com/role/StatementsOfCashFlows Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 00000007 - Disclosure - Organization and Corporate Developments Sheet http://moxian.com/role/OrganizationAndCorporateDevelopments Organization and Corporate Developments Notes 7 false false R8.htm 00000008 - Disclosure - Summary of Principal Accounting Policies Sheet http://moxian.com/role/SummaryOfPrincipalAccountingPolicies Summary of Principal Accounting Policies Notes 8 false false R9.htm 00000009 - Disclosure - Account Receivable Sheet http://moxian.com/role/AccountReceivable Account Receivable Notes 9 false false R10.htm 00000010 - Disclosure - Share Subscription Receivable Sheet http://moxian.com/role/ShareSubscriptionReceivable Share Subscription Receivable Notes 10 false false R11.htm 00000011 - Disclosure - Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet Sheet http://moxian.com/role/CessationOfMobileApplicationPartOfBusinessAndConsequentialEffectsOnBalanceSheet Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet Notes 11 false false R12.htm 00000012 - Disclosure - Accruals and Other Payables Sheet http://moxian.com/role/AccrualsAndOtherPayables Accruals and Other Payables Notes 12 false false R13.htm 00000013 - Disclosure - Loans Sheet http://moxian.com/role/Loans Loans Notes 13 false false R14.htm 00000014 - Disclosure - Income Taxes Sheet http://moxian.com/role/IncomeTaxes Income Taxes Notes 14 false false R15.htm 00000015 - Disclosure - Capital Stock Sheet http://moxian.com/role/CapitalStock Capital Stock Notes 15 false false R16.htm 00000016 - Disclosure - Commitments and Contingencies Sheet http://moxian.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 16 false false R17.htm 00000017 - Disclosure - Subsequent Events Sheet http://moxian.com/role/SubsequentEvents Subsequent Events Notes 17 false false R18.htm 00000018 - Disclosure - Summary of Principal Accounting Policies (Policies) Sheet http://moxian.com/role/SummaryOfPrincipalAccountingPoliciesPolicies Summary of Principal Accounting Policies (Policies) Policies http://moxian.com/role/SummaryOfPrincipalAccountingPolicies 18 false false R19.htm 00000019 - Disclosure - Summary of Principal Accounting Policies (Tables) Sheet http://moxian.com/role/SummaryOfPrincipalAccountingPoliciesTables Summary of Principal Accounting Policies (Tables) Tables http://moxian.com/role/SummaryOfPrincipalAccountingPolicies 19 false false R20.htm 00000020 - Disclosure - Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet (Tables) Sheet http://moxian.com/role/CessationOfMobileApplicationPartOfBusinessAndConsequentialEffectsOnBalanceSheetTables Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet (Tables) Tables http://moxian.com/role/CessationOfMobileApplicationPartOfBusinessAndConsequentialEffectsOnBalanceSheet 20 false false R21.htm 00000021 - Disclosure - Accruals and Other Payables (Tables) Sheet http://moxian.com/role/AccrualsAndOtherPayablesTables Accruals and Other Payables (Tables) Tables http://moxian.com/role/AccrualsAndOtherPayables 21 false false R22.htm 00000022 - Disclosure - Loans (Tables) Sheet http://moxian.com/role/LoansTables Loans (Tables) Tables http://moxian.com/role/Loans 22 false false R23.htm 00000023 - Disclosure - Income Taxes (Tables) Sheet http://moxian.com/role/IncomeTaxesTables Income Taxes (Tables) Tables http://moxian.com/role/IncomeTaxes 23 false false R24.htm 00000024 - Disclosure - Organization and Corporate Developments (Details Narrative) Sheet http://moxian.com/role/OrganizationAndCorporateDevelopmentsDetailsNarrative Organization and Corporate Developments (Details Narrative) Details http://moxian.com/role/OrganizationAndCorporateDevelopments 24 false false R25.htm 00000025 - Disclosure - Summary of Principal Accounting Policies (Details Narrative) Sheet http://moxian.com/role/SummaryOfPrincipalAccountingPoliciesDetailsNarrative Summary of Principal Accounting Policies (Details Narrative) Details http://moxian.com/role/SummaryOfPrincipalAccountingPoliciesTables 25 false false R26.htm 00000026 - Disclosure - Summary of Principal Accounting Policies - Schedule of Assets and Liabilities of VIE (Details) Sheet http://moxian.com/role/SummaryOfPrincipalAccountingPolicies-ScheduleOfAssetsAndLiabilitiesOfVieDetails Summary of Principal Accounting Policies - Schedule of Assets and Liabilities of VIE (Details) Details 26 false false R27.htm 00000027 - Disclosure - Summary of Principal Accounting Policies - Schedule of Straight-line Method Over Estimated Useful Lives (Details) Sheet http://moxian.com/role/SummaryOfPrincipalAccountingPolicies-ScheduleOfStraight-lineMethodOverEstimatedUsefulLivesDetails Summary of Principal Accounting Policies - Schedule of Straight-line Method Over Estimated Useful Lives (Details) Details 27 false false R28.htm 00000028 - Disclosure - Summary of Principal Accounting Policies - Summary of Exchange Rates of Balance Sheet Items, Except for Equity Accounts (Details) Sheet http://moxian.com/role/SummaryOfPrincipalAccountingPolicies-SummaryOfExchangeRatesOfBalanceSheetItemsExceptForEquityAccountsDetails Summary of Principal Accounting Policies - Summary of Exchange Rates of Balance Sheet Items, Except for Equity Accounts (Details) Details 28 false false R29.htm 00000029 - Disclosure - Summary of Principal Accounting Policies - Summary of Statements of Operations, Comprehensive Loss and Cash Flows (Details) Sheet http://moxian.com/role/SummaryOfPrincipalAccountingPolicies-SummaryOfStatementsOfOperationsComprehensiveLossAndCashFlowsDetails Summary of Principal Accounting Policies - Summary of Statements of Operations, Comprehensive Loss and Cash Flows (Details) Details 29 false false R30.htm 00000030 - Disclosure - Account Receivable (Details Narrative) Sheet http://moxian.com/role/AccountReceivableDetailsNarrative Account Receivable (Details Narrative) Details http://moxian.com/role/AccountReceivable 30 false false R31.htm 00000031 - Disclosure - Share Subscription Receivable (Details Narrative) Sheet http://moxian.com/role/ShareSubscriptionReceivableDetailsNarrative Share Subscription Receivable (Details Narrative) Details http://moxian.com/role/ShareSubscriptionReceivable 31 false false R32.htm 00000032 - Disclosure - Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet - Schedule of Other Prepayments, Deposits and Receivables (Details) Sheet http://moxian.com/role/CessationOfMobileApplicationPartOfBusinessAndConsequentialEffectsOnBalanceSheet-ScheduleOfOtherPrepaymentsDepositsAndReceivablesDetails Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet - Schedule of Other Prepayments, Deposits and Receivables (Details) Details 32 false false R33.htm 00000033 - Disclosure - Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet - Schedule of Property and Equipment, Net (Details) Sheet http://moxian.com/role/CessationOfMobileApplicationPartOfBusinessAndConsequentialEffectsOnBalanceSheet-ScheduleOfPropertyAndEquipmentNetDetails Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet - Schedule of Property and Equipment, Net (Details) Details 33 false false R34.htm 00000034 - Disclosure - Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet - Schedule of Intangible Assets (Details) Sheet http://moxian.com/role/CessationOfMobileApplicationPartOfBusinessAndConsequentialEffectsOnBalanceSheet-ScheduleOfIntangibleAssetsDetails Cessation of the Mobile Application Part of Business and the Consequential Effects on the Balance Sheet - Schedule of Intangible Assets (Details) Details 34 false false R35.htm 00000035 - Disclosure - Accruals and Other Payables - Schedule of Accruals and Other Payables (Details) Sheet http://moxian.com/role/AccrualsAndOtherPayables-ScheduleOfAccrualsAndOtherPayablesDetails Accruals and Other Payables - Schedule of Accruals and Other Payables (Details) Details 35 false false R36.htm 00000036 - Disclosure - Loans (Details Narrative) Sheet http://moxian.com/role/LoansDetailsNarrative Loans (Details Narrative) Details http://moxian.com/role/LoansTables 36 false false R37.htm 00000037 - Disclosure - Loans - Schedule of Loans (Details) Sheet http://moxian.com/role/Loans-ScheduleOfLoansDetails Loans - Schedule of Loans (Details) Details 37 false false R38.htm 00000038 - Disclosure - Income Taxes (Details Narrative) Sheet http://moxian.com/role/IncomeTaxesDetailsNarrative Income Taxes (Details Narrative) Details http://moxian.com/role/IncomeTaxesTables 38 false false R39.htm 00000039 - Disclosure - Income Taxes - Schedule of Effective Income Tax Rates (Details) Sheet http://moxian.com/role/IncomeTaxes-ScheduleOfEffectiveIncomeTaxRatesDetails Income Taxes - Schedule of Effective Income Tax Rates (Details) Details 39 false false R40.htm 00000040 - Disclosure - Income Taxes - Schedule of Valuation Allowance (Details) Sheet http://moxian.com/role/IncomeTaxes-ScheduleOfValuationAllowanceDetails Income Taxes - Schedule of Valuation Allowance (Details) Details 40 false false R41.htm 00000041 - Disclosure - Capital Stock (Details Narrative) Sheet http://moxian.com/role/CapitalStockDetailsNarrative Capital Stock (Details Narrative) Details http://moxian.com/role/CapitalStock 41 false false R42.htm 00000042 - Disclosure - Commitments and Contingencies (Details Narrative) Sheet http://moxian.com/role/CommitmentsAndContingenciesDetailsNarrative Commitments and Contingencies (Details Narrative) Details http://moxian.com/role/CommitmentsAndContingencies 42 false false R43.htm 00000043 - Disclosure - Subsequent events (Details Narrative) Sheet http://moxian.com/role/SubsequentEventsDetailsNarrative Subsequent events (Details Narrative) Details 43 false false All Reports Book All Reports moxc-20210331.xml moxc-20210331.xsd moxc-20210331_cal.xml moxc-20210331_def.xml moxc-20210331_lab.xml moxc-20210331_pre.xml http://xbrl.sec.gov/dei/2021 http://fasb.org/us-gaap/2021-01-31 http://fasb.org/srt/2021-01-31 http://xbrl.sec.gov/country/2021 true true ZIP 61 0001493152-21-011657-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-21-011657-xbrl.zip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end