Moxian (BVI) 10-Q 13 Feb 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2016	Feb. 09, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Moxian, Inc.
Entity Central Index Key	1,516,805
Trading Symbol	moxc
Current Fiscal Year End Date	--09-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		67,007,199
Document Type	10-Q
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Sep. 30, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 2,947,401	$ 76,580
Restricted cash	63,785	65,590
Inventories	4,187	9,857
Prepayments, deposits and other receivables, net	148,966	129,024
Value added tax recoverable	476,773	444,701
Deferred offering costs		290,234
Total current assets	3,641,112	1,015,986
Restricted cash, long-term	500,000
Deferred tax assets, net	94,684	98,581
Property and equipment, net	1,230,160	1,508,743
Intangible assets, net	3,111,760	3,311,293
TOTAL ASSETS	8,577,716	5,934,603
CURRENT LIABILITIES
Accruals and other payables	828,851	1,392,200
Loans payable - related parties	131,154	2,552,565
Stock subscription payables	2,000,000	2,000,000
Total current liabilities	2,960,005	5,944,765
Total liabilities	2,960,005	5,944,765
Commitments and contingencies
STOCKHOLDERS' EQUITY (DEFICIENCY)
Preferred stock, $0.001 par value, authorized: 100,000,000 shares. Nil shares issued and outstanding
Common stock, $0.001 par value, authorized: 250,000,000 shares. 66,507,199 and 64,005,949 shares issued and outstanding as of December 31, 2016 and September 30, 2016, respectively	66,507	64,006
Additional paid-in capital	33,451,222	24,691,259
Accumulated deficiency	(27,791,799)	(24,988,796)
Accumulated other comprehensive income (loss)	(108,219)	223,369
Total stockholders' equity (deficiency)	5,617,711	(10,162)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)	$ 8,577,716	$ 5,934,603

UNAUDITED CONDENSED CONSOLIDAT3

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Sep. 30, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	66,507,199	64,005,949
Common stock, shares outstanding	66,507,199	64,005,949

UNAUDITED CONDENSED CONSOLIDAT4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)		3 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Revenues		$ 9,968	$ 5,584
Cost of revenues		(1,002)	(1,306)
Gross Profit		8,966	4,278
Depreciation and amortization		(349,274)	(443,444)
Research and development		(697,440)	(888,540)
Selling, general and administrative		(1,766,099)	(1,481,826)
Loss from operations		(2,803,847)	(2,809,532)
Interest income		770	884
Other income		74	1,501
Loss before income tax		(2,803,003)	(2,807,147)
Income tax benefits			2,919
Net loss		(2,803,003)	(2,804,228)
Other comprehensive income (loss):
Foreign currency translation adjustments		(331,588)	105,438
Comprehensive loss		$ (3,134,591)	$ (2,698,790)
Basic and diluted loss per common share (in dollars per share)		$ (0.04)	$ (0.03)
Basic and diluted weighted average common shares outstanding (in shares)	[1]	65,297,803	107,333,472
[1]	Retroactively restated for effect of 1 for 2 reverse stock split on June 20, 2016

UNAUDITED CONDENSED CONSOLIDAT5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (2,803,003)	$ (2,804,228)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	349,274	443,444
Loss on disposition of property, plant and equipment	11,275
Deferred tax benefits		(2,919)
Changes in operating assets and liabilities:
Restricted cash	(800)
Inventories	5,497	1,067
Prepayments, deposits and other receivables	(75,870)	276,554
Accruals and other payables	(549,481)	612,347
Net cash used in operating activities	(3,063,108)	(1,473,735)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment		(303,821)
Purchase of intangible assets	(11,181)	(124,484)
Net cash used in investing activities	(11,181)	(428,305)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party loans	2,678,126	775,883
Repayment of related party loans	(5,067,483)
Gross proceeds from IPO - stock issuance	10,005,000
IPO proceeds deposited in an indemnification escrow, restricted cash	(500,000)
Direct costs disbursed from IPO proceeds	(927,303)
Net cash provided by financing activities	6,188,340	775,883
Effect of exchange rates on cash and cash equivalents	(243,230)	(22,945)
Net increase (decrease) in cash and cash equivalents	2,870,821	(1,149,102)
Cash and cash equivalents, beginning of period	76,580	2,398,713
Cash and cash equivalents, end of period	2,947,401	1,249,611
Supplemental cash flow disclosures:
Cash paid for interest expense
Cash paid for income taxes
Non-cash financing activities
Reclassification of deferred IPO costs to additional paid in capital	290,234
Warrants issued to placement agents in connection with the Company's IPO	280,042
Unpaid IPO costs included in accruals and other payables	$ 25,000

Organization and Nature of Oper

Organization and Nature of Operations	3 Months Ended
	Dec. 31, 2016
Organization and Nature of Operations [Abstract]
Organization and nature of operations	1. Organization and nature of operations 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 is currently devoting its efforts to develop 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. On May 24, 2016 the Board of approved a reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), at a ratio of 1-for-2 (the “Reverse Stock Split”). The Reverse Stock Split was effective on June 20, 2016 (the “Effective Date”). Simultaneously to the Reverse Stock Split, the number of shares of the Company’s authorized Common Stock was correspondingly reduced from 500,000,000 shares to 250,000,000 shares without changes in par value per share. The Company has retroactively restated all shares and per share data for all the periods presented. 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 the offering were approximately $10,005,000 before deducting placement agents' commissions and other offering expenses, resulting in net proceeds of approximately $9.0 million, of which $500,000 was placed in an indemnification escrow account. 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".

Summary of Principal Accounting

Summary of Principal Accounting Policies	3 Months Ended
	Dec. 31, 2016
Summary of Principal 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 Shenzhen, Moxian Malaysia, Moyi, Moxian Beijing and Moxian IP Samoa. All material intercompany transactions and balances have been eliminated in the consolidation. The unaudited interim condensed consolidated financial information as of December 31, 2016 and for the three months ended December 31, 2016 and 2015 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, 2016, previously filed with the SEC. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s consolidated financial position as of December 31, 2016 and its condensed consolidated results of operations for three months ended December 31, 2016 and 2015, and its condensed consolidated cash flows for the three months ended December 31, 2016 and 2015, 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. Reclassification Certain prior period amounts have been reclassified to conform to the current period presentation. Liquidity and Capital Resources In assessing the Company’s liquidity, 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. On November 14, 2016, the Company completed its initial public offering (“IPO”) with net proceeds of $9.0 million after deducting placement agents’ commission and other offering costs, which helps the Company’s cash flow in fiscal 2017. The Company expects to increase its revenues through the expansion of its sales force to sell advertisement space in the Xinhua New Media App and Moxian platform and to sign up more Merchant clients to increase the Users to download the Company’s User App. If the revenue does not reach the level anticipated in the Company’s plan, in order to maintain working capital sufficient to support the Company’s operations and finance the future growth of its business, the Company expects to fund any cash flow shortfalls as follows: ● Financial support commitments from two of the Company’s major stockholders and two of the Company’s related parties; and ● Public and/or private issuance of securities. Based on the above considerations and assuming the continued availability and feasibility of the above strategies, the Company’s management believes it has sufficient funds to meet the Company’s working capital requirements and debt obligations as they become due. The Company plans to increase the cash flows from related party financing or other public and/or private placements if needed. If the Company’s financing and private placements do not reach the level anticipated in its plan, and the Company is unable to obtain the necessary additional capital on a timely basis, on acceptable terms, and at all, the Company may be unable to implement its current plans for expansion, repay our debt obligations or respond to competitive pressures, any of which would have a material adverse effect on its business, prospects, financial condition and results of operations. In addition, the ability of the Company to continue as a going concern is dependent upon the success of these actions. However, there can be no assurance that management will be successful in their plans. The accompanying unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Risks and Uncertainties The Company’s operations are substantially carried out in the PRC”). Accordingly, the Company’s business, financial condition and results of operations maybe 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. 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. 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 was recorded on a gross basis, net of surcharges and value added tax ("VAT") of gross sales. 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. Restricted Cash Restricted cash represents cash held by depository banks in order to comply with the provisions of certain of debt agreements, as well as the cash held in an indemnification escrow account related to requirements of financing agreement signed with the underwriter for a two-year period subsequent to the IPO. 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 3-5 years Furniture and fixtures 3-5 years Leasehold improvements Shorter of estimated useful life or term of lease Intangible assets, net Intangible assets, comprising Intellectual property rights (“IP rights”) and software, which are separable from property and equipment, are stated at cost less accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of 3- 10 years. 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. 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 December 31, 2016 and September 30, 2016, 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. Foreign currency transactions and translation The reporting currency of the Company is United States Dollars (the “USD”) and the functional currency of Moxian Shenzhen, Moyi and Moxian Beijing is Renminbi (the “RMB”) as China is the primary economic environment in which they operate, the functional currency of Moxian HK is Hong Kong Dollar (the “HKD”), and the functional currency of Moxian Malaysia is Malaysia Ringgit (the “MYR”). For financial reporting purposes, the financial statements of Moxian Shenzhen, Moyi, Moxian Beijing, Moxian HK and Moxian Malaysia, 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 December 31, September 30, RMB:USD 6.9448 6.6702 HKD:USD 7.7553 7.7550 MYR:USD 4.4860 4.1356 Items in the unaudited condensed consolidated statements of operations and comprehensive loss, and unaudited condensed consolidated statements of cash flows Three Months Ended 2016 2015 RMB:USD 6.8343 6.3907 HKD:USD 7.7576 7.7506 MYR:USD 4.3269 4.2821 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 to the cost of revenue over the estimated lives of the products. Recent accounting pronouncements In October 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-17, Consolidation (Topic 810): Interest Held through Related Parties That Are under Common Control, to provide guidance on the evaluation of whether a reporting entity is the primary beneficiary of a VIE by amending how a reporting entity, that is a single decision maker of a VIE, treats indirect interests in that entity held through related parties that are under common control. The amendments are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of this ASU will not have any impact to the Company’s unaudited condensed consolidated financial statements as the Company did not have any interest held through related parties with common control. In November 2016, the FASB issued ASU No. 2016-18, "Statement of Cash Flows: Restricted Cash". The amendments address diversity in practice that exists in the classification and presentation of changes in restricted cash on the statement of cash flows. The amendment is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this ASU on the statement of cash flows will increase cash and cash equivalents by the amount of the restricted cash on the Company’s unaudited condensed consolidated financial statements.

Prepayments, deposits and other

Prepayments, deposits and other receivables net	3 Months Ended
	Dec. 31, 2016
Prepayments, Deposits and Other Receivables, Net [Abstract]
Prepayments, deposits and other receivables, net	3. Prepayments, deposits and other receivables, net December 31, September 30, Prepayments to suppliers $ 34,881 $ 19,496 Rental and other deposits 103,724 107,994 Employee advances and others 27,899 20,093 Sub total 166,504 147,583 Less: allowance for doubtful accounts (17,538 ) (18,559 ) Prepayments, deposits and other receivables, net $ 148,966 $ 129,024

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Dec. 31, 2016
Property and Equipment, Net [Abstract]
Property and equipment, net	4. Property and equipment, net December 31, September 30, Electronic equipment $ 2,208,560 $ 2,300,666 Furniture and fixtures 82,523 86,029 Leasehold improvements 346,453 397,443 Total property and equipment 2,637,536 2,784,138 Less: Accumulated depreciation and amortization (1,407,376 ) (1,275,395 ) Total property and equipment, net $ 1,230,160 $ 1,508,743 Depreciation and amortization for the three months ended December 31, 2016 and 2015 were $210,788 and $223,424, respectively.

Intangible assets

Intangible assets	3 Months Ended
	Dec. 31, 2016
Intangible Assets, Net [Abstract]
Intangible assets	5. Intangible assets December 31, September 30, IP rights $ 3,460,335 $ 3,460,335 Other intangible assets 1,299,916 1,376,122 4,760,251 $ 4,836,457 Less: accumulated amortization (1,648,491 ) (1,525,164 ) Net intangible assets $ 3,111,760 $ 3,311,293 No significant residual value is estimated for these intangible assets. Aggregate amortization expense for the three months ended December 31, 2016 and 2015, totaled $138,486 and $220,020, respectively. The following table represents the total estimated amortization of intangible assets for the five succeeding fiscal years subsequent to December 31, 2016: For the Twelve Months Ending December 31, Estimated 2017 $ 548,203 2018 496,479 2019 387,250 2020 377,035 2021 377,035 2022 and thereafter 925,758 Total $ 3,111,760

Related Party Transactions and

Related Party Transactions and Balances	3 Months Ended
	Dec. 31, 2016
Related Party Transactions and Balances [Abstract]
Related party transactions and balances	6. Related party transactions and balances The table below sets forth related parties having transactions during the three months ended December 31, 2016 and balances as of December 31, 2016 and September 30, 2016, respectively. Name Relationship with the Company Jet Key Limited (“Jet Key”) A below 1% shareholder of the Company Shenzhen Bayi Consulting Co. Ltd. (“Bayi”) A below 5% shareholder of the Company Ace Keen Limited (“Ace Keen”) A below 1% shareholder of the Company Moxian China Limited A 26.8% shareholder of the Company Zhang Xin A below 5% shareholder of the Company Beijing Xinhua Huifeng Equity Investment Center (“Xinhua”) A Shareholder of the Company (see note 7) Zhongtou Huifeng Investment Management (Beijing) Co. Ltd Affiliated company of Xinhua Mr. Hao Qing Hu A director of the Company Morolling International HK Limited (Morolling) A below 1% shareholder of the Company Details of stock subscription payables are as follows: Nature and Company December 31, September 30, Bayi $ 1,434,189 $ 1,434,189 Moxian China Limited 565,811 565,811 $ 2,000,000 $ 2,000,000 On January 3, 2017, the Company issued 500,000 shares of its common stock to Bayi and Moxian China Limited at a price of $4.00 per share in full settlement of stock subscription payable in accordance to the note conversion agreements signed on September 7, 2016 (see note 7). Details of loans payable – related parties are as follows: Nature and Company December 31, September 30, Loan payable – related parties Bayi $ 15,217 $ 543,655 Morolling - 914,014 Moxian China Limited - 170,714 Jet Key 115,937 206,780 Ace Keen - 98,473 Hao Qing Hu - 10,562 Zhang Xin - 98,969 Zhongtou - 16,161 Xinhua - 493,237 $ 131,154 $ 2,552,565 For the three months period ended December 31, 2016, the Company repaid the loans, net of additional borrowings, aggregating $2,389,357 from Morolling, Moxian China Limited, Ace Keen, Hao Qing Hu, Zhang Xin, Zhongtou, Jet Key, Xinhua and Bayi. For the three months period ended December 31, 2015, the Company obtained additional borrowings, aggregating $775,883 from Moxian China Limited, Ace Keen, Zhang Xin and Bayi. The loans and advance made by shareholders to Moxian HK, Moxian Shenzhen, Moyi, Moxian Beijing and Moxian Malaysia are unsecured, interest free and due on various dates specified in the loan agreements. Bayi During three months ended December 31, 2016, Moxian Shenzhen and Bayi entered into various loan agreements whereby Bayi agreed to provide a loan to Moxian Shenzhen in aggregate of $2,531,979 (RMB 17,304,403) without interest and due on demand. Moyi and Bayi further entered into two loan agreements whereby Bayi agreed to provide a loan to Moyi in aggregate of $96,571 (RMB 660,000) without interest and due on demand. During the quarter ended December 31, 2016, Moxian Shenzhen repaid $3,047,115 (RMB 20,825,022) to Bayi and Moyi repaid $96,571 (RMB 660,000) to Bayi. On December 25, 2015, Moxian Shenzhen and Bayi entered into a loan agreement whereby Bayi agreed to provide a loan to Moxian Shenzhen in aggregate of RMB 4,560,883.40 (approximately $713,675) without any interests and with a term of repayment of 12 months. Morolling During three months ended December 31, 2016, Moxian HK and Morolling entered into five loan agreements whereby Morolling agreed to provide a loan to Moxian HK in aggregate of $151,652 (HKD 1,176,449) without interest and due on demand. During the quarter ended December 31, 2016, Moxian HK repaid $1,065,363 (HKD 8,264,603) to Morolling. Moxian China Limited During three months ended December 31, 2016, Moxian Malaysia received a repayment from Moxian China Limited in aggregate of $97,473. During the quarter ended December 31, 2016, Moxian HK repaid $272,604 (HKD 2,114,739) to Moxian China Limited. On November 12, 2015, Moxian HK and Moxian China Limited entered into a loan agreement whereby Moxian China Limited agreed to provide a loan to Moxian HK in aggregate of HKD 348,000 (approximately $44,900) without any interests and with a term of repayment of 12 months. Jet Key During three months ended December 31, 2016, Moyi repaid $74,623 (RMB 510,000) to Jet Key. As of December 31, 2016, the balance due to Jet Key is $115,937 (September 30, 2016 - $206,780). The balance bears no interest and is due on demand. Ace Keen During three months ended December 31, 2016, Moxian HK and Ace Keen entered into a loan agreement whereby Ace Keen agreed to provide a loan to Moxian HK in aggregate of $17,966 (HKD 139,730) without interest and due on demand. During the quarter ended December 31, 2016, Moxian HK repaid $93,925 (HKD 728,629) and Moyi repaid $21,948 (HKD 150,000) to Ace Keen. On November 20, 2015, Moxian HK and Ace Keen entered into a loan agreement whereby Ace Keen agreed to provide a loan to Moxian HK in aggregate of HKD 589,258.80 (approximately $76,028) without any interest and with a term of repayment of 12 months. Hao Qing Hu During three months ended December 31, 2016, Moxian Beijing received advances from Hao Qing Hu Hao Qing Hu Zhang Xin During three months ended December 31, 2016, Moxian HK repaid $98,936 (HKD 767,500) to Zhang Xin. On November 9, 2015, Moxian HK and Zhang Xin entered into a loan agreement whereby Zhang Xin agreed to provide a loan to Moxian HK in aggregate of HKD767,500 (approximately $99,025) without any interest and with a term of repayment of 12 months. Zhongtou During three months ended December 31, 2016, Moxian Beijing repaid $15,773 (RMB 107,800) to Zhongtou. Xinhua During three months ended December 31, 2016, Moxian Beijing repaid $108,277 (RMB 740,000) to Xinhua and Moxian Shenzhen repaid $373,116 (RMB 2,550,000) to Xinhua.

Capital Stock

Capital Stock	3 Months Ended
	Dec. 31, 2016
Capital Stock [Abstract]
Capital stock	7. Capital stock Note Conversion On September 7, 2016, the Company entered into two note conversion agreements with Bayi and Moxian China Limited. The note conversion agreements permitted for the conversion of promissory notes in the aggregate amount of $2 million payable by the Company into shares of the Company’s common stock at the IPO price. The Company announced a successful completion of IPO on November 14, 2016 with an IPO price of $4.00 per share. As of December 31, 2016, the Company included the $2 million shares to be issued as stock subscription payable in accordance with ASC 480-10-25-14. On January 3, 2017, the Company issued 500,000 shares of its common stock to Bayi and Moxian China Limited at a price of $4.00 per share in full settlement of stock subscription payables in accordance to the note conversion agreements signed on September 7, 2016 (see Note 6). Cancellation of shares On February 22, 2016, Good Eastern Investment Limited (“GEL”), Stellar Elite Limited (“SEL”) and Moxian China Limited (“MCL”), collectively, the Designated Shareholders, entered into a Share Cancellation Agreement (the “Agreement”) with the Company. Pursuant to the Agreement, on February 22, 2016, the Designated Shareholders cancelled 47,422,540 shares of the Company common stock which represented 42.93% of the Company’s issued and outstanding shares for no consideration. The cancelled shares resulted in GEL, SEL and MCL, respectively owning after the share cancellation 9,990,000, 19,830,000 and 17,602,540 shares of common stock or any other securities of the Company. 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 not be exercisable for a period of six months from the closing of the Public Offering 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’ equity. 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.

Income Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2016
Income Taxes [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 a gradual U.S. federal corporate income tax of 15% to 35%. The State of Nevada does not impose any state corporate income tax. As of December 31, 2016, future net operation losses of approximately $6.3 million are available to offset future operating income through 2036. 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 three months ended December 31, 2016 and 2015, and therefore, Moxian HK was not subject to Hong Kong Profits Tax. Malaysia Management estimated that Moxian Malaysia will not generate any taxable income in the future. 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. Moxian Shenzhen was incorporated in the PRC. Moxian Shenzhen did not generate taxable income in the PRC for the period from April 8, 2013 (date of inception) to December 31, 2016. Management estimated that Moxian Shenzhen will not generate any taxable income in the future. Moyi was incorporated in the People’s Republic of China. Moyi did not generate taxable income in the PRC for the period from July 19, 2013 (date of inception) to December 31, 2016. Moxian Beijing was incorporated in the PRC. Moxian Beijing did not generate taxable income in the PRC for the period from December 10, 2015 (date of inception) to December 31, 2016. As of December 31, 2016 and September 30, 2016, the Company has a deferred tax asset of $94,684 and $98,581, respectively, resulting from certain net operating losses in PRC. The ultimate realization of deferred tax assets depends on the generation of future taxable income during the periods in which those net operating losses are available. The Company considers projected future taxable income and tax planning strategies in making its assessment. At present, the Company does not have a profitable operation in the Moxian Shenzhen, Moxian Malaysia and Moxian Beijing to conclude that it is more-likely-than-not that the Company will be able to realize all of its tax benefits in the near future and therefore a valuation allowance has been provided for the full value of the deferred tax asset. A valuation allowance will be maintained until profitable positive evidence exists to support the reversal of any portion or all of the valuation allowance. Should Moxian Shenzhen, Moxian Malaysia and Moxian Beijing start to have sufficient operation in future periods with supportable trend; the valuation allowance will be reduced accordingly. As of December 31, 2016 and September 30, 2016, the valuation allowance was approximately $6.4 million and $5.8 million, respectively. $0.6 million and $3.3 million of increase in the valuation allowance for the three months period ended December 31, 2016 and the year ended September 30, 2016, respectively. December 31, September 30, Deferred tax asset from net operating loss and carry-forwards $ 6,512,535 $ 5,876,564 Valuation allowance (6,417,851 ) (5,777,983 ) Deferred tax asset, net $ 94,684 $ 98,581

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Commitments and contingencies	9. Commitments and contingencies Operating Lease The Company leases a number of properties under operating leases. Rental expenses under operating leases for the three months ended December 31, 2016 and 2015 were $168,830 and $181,409, respectively. As of December 31, 2016, the Company was obligated under non-cancellable operating leases for minimum rentals as follows: For the Twelve Months Ending December 31, 2017 $ 614,347 2018 214,300 Total minimum lease payments $ 828,647 Arrangement with Xinhua New Media Co., Ltd The Company entered into an exclusive advertising agency agreement and sponsor agreement with Xinhua New Media Co., Ltd (“Xinhua New Media”). Pursuant to the agreement, the Company, as an exclusive agent, is authorized to operate and sell advertisement on Xinhua New Media’s mobile application in the gaming channel and sponsor related advertising events. The exclusive advertising agency agreement and sponsor agreement expire on December 31, 2020 and December 31, 2017, respectively. The Company entered into amendments with Xinhua News Media for both the agency agreement and sponsor agreement during the three months ended December 31, 2016. The fees payable for the period ended December 31, 2016 under the amended exclusive advertising agency agreement and sponsor agreement have been reduced. The amended payment schedule for the exclusive agency agreement and sponsor agreement is listed below: For the Twelve Months Ended December 31, 2017 $ 1,902,159 December 31, 2018 1,463,199 December 31, 2019 1,463,199 December 31, 2020 1,463,199 Total agency payments $ 6,291,756 For the three months ended December 31, 2016 and 2015, the Company incurred $Nil advertising agent fee expense. For the three months ended December 31, 2016 and 2015, the Company incurred $Nil and $147,620 sponsor expense, respectively and included in the selling, general and administrative expense. Legal Proceeding There has been no legal proceeding in which the Company is a party as of as of December 31, 2016.

Summary of Principal Accounti15

Summary of Principal Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2016
Summary of Principal Accounting Policies [Abstract]
Basis of presentation and consolidation	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 Shenzhen, Moxian Malaysia, Moyi, Moxian Beijing and Moxian IP Samoa. All material intercompany transactions and balances have been eliminated in the consolidation. The unaudited interim condensed consolidated financial information as of December 31, 2016 and for the three months ended December 31, 2016 and 2015 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, 2016, previously filed with the SEC. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s consolidated financial position as of December 31, 2016 and its condensed consolidated results of operations for three months ended December 31, 2016 and 2015, and its condensed consolidated cash flows for the three months ended December 31, 2016 and 2015, 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.
Reclassification	Reclassification Certain prior period amounts have been reclassified to conform to the current period presentation.
Liquidity and Capital Resources	Liquidity and Capital Resources In assessing the Company’s liquidity, 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. On November 14, 2016, the Company completed its initial public offering (“IPO”) with net proceeds of $9.0 million after deducting placement agents’ commission and other offering costs, which helps the Company’s cash flow in fiscal 2017. The Company expects to increase its revenues through the expansion of its sales force to sell advertisement space in the Xinhua New Media App and Moxian platform and to sign up more Merchant clients to increase the Users to download the Company’s User App. If the revenue does not reach the level anticipated in the Company’s plan, in order to maintain working capital sufficient to support the Company’s operations and finance the future growth of its business, the Company expects to fund any cash flow shortfalls as follows: ● Financial support commitments from two of the Company’s major stockholders and two of the Company’s related parties; and ● Public and/or private issuance of securities. Based on the above considerations and assuming the continued availability and feasibility of the above strategies, the Company’s management believes it has sufficient funds to meet the Company’s working capital requirements and debt obligations as they become due. The Company plans to increase the cash flows from related party financing or other public and/or private placements if needed. If the Company’s financing and private placements do not reach the level anticipated in its plan, and the Company is unable to obtain the necessary additional capital on a timely basis, on acceptable terms, and at all, the Company may be unable to implement its current plans for expansion, repay our debt obligations or respond to competitive pressures, any of which would have a material adverse effect on its business, prospects, financial condition and results of operations. In addition, the ability of the Company to continue as a going concern is dependent upon the success of these actions. However, there can be no assurance that management will be successful in their plans. The accompanying unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
Risks and Uncertainties	Risks and Uncertainties The Company’s operations are substantially carried out in the PRC”). Accordingly, the Company’s business, financial condition and results of operations maybe 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.
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.
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 was recorded on a gross basis, net of surcharges and value added tax ("VAT") of gross sales. 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.
Restricted cash	Restricted Cash Restricted cash represents cash held by depository banks in order to comply with the provisions of certain of debt agreements, as well as the cash held in an indemnification escrow account related to requirements of financing agreement signed with the underwriter for a two-year period subsequent to the IPO.
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 3-5 years Furniture and fixtures 3-5 years Leasehold improvements Shorter of estimated useful life or term of lease
Intangible assets, net	Intangible assets, net Intangible assets, comprising Intellectual property rights (“IP rights”) and software, which are separable from property and equipment, are stated at cost less accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of 3- 10 years.
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.
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 December 31, 2016 and September 30, 2016, 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.
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 Shenzhen, Moyi and Moxian Beijing is Renminbi (the “RMB”) as China is the primary economic environment in which they operate, the functional currency of Moxian HK is Hong Kong Dollar (the “HKD”), and the functional currency of Moxian Malaysia is Malaysia Ringgit (the “MYR”). For financial reporting purposes, the financial statements of Moxian Shenzhen, Moyi, Moxian Beijing, Moxian HK and Moxian Malaysia, 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 December 31, September 30, RMB:USD 6.9448 6.6702 HKD:USD 7.7553 7.7550 MYR:USD 4.4860 4.1356 Items in the unaudited condensed consolidated statements of operations and comprehensive loss, and unaudited condensed consolidated statements of cash flows Three Months Ended 2016 2015 RMB:USD 6.8343 6.3907 HKD:USD 7.7576 7.7506 MYR:USD 4.3269 4.2821
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 to the cost of revenue over the estimated lives of the products.
Recent accounting pronouncements	Recent accounting pronouncements In October 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2016-17, Consolidation (Topic 810): Interest Held through Related Parties That Are under Common Control, to provide guidance on the evaluation of whether a reporting entity is the primary beneficiary of a VIE by amending how a reporting entity, that is a single decision maker of a VIE, treats indirect interests in that entity held through related parties that are under common control. The amendments are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of this ASU will not have any impact to the Company’s unaudited condensed consolidated financial statements as the Company did not have any interest held through related parties with common control. In November 2016, the FASB issued ASU No. 2016-18, "Statement of Cash Flows: Restricted Cash". The amendments address diversity in practice that exists in the classification and presentation of changes in restricted cash on the statement of cash flows. The amendment is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this ASU on the statement of cash flows will increase cash and cash equivalents by the amount of the restricted cash on the Company’s unaudited condensed consolidated financial statements.

Summary of Principal Accounti16

Summary of Principal Accounting Policies (Tables)	3 Months Ended
	Dec. 31, 2016
Summary of Principal Accounting Policies [Abstract]
Schedule of straight-line method over the estimated useful lives	Electronic equipment 3-5 years Furniture and fixtures 3-5 years Leasehold improvements Shorter of estimated useful life or term of lease
Summary of exchange rates of balance sheet items, except for equity accounts	Balance sheet items, except for equity accounts December 31, September 30, RMB:USD 6.9448 6.6702 HKD:USD 7.7553 7.7550 MYR:USD 4.4860 4.1356
Schedule of exchange rates of statements of operations and comprehensive loss, and statements cash flows	Three Months Ended 2016 2015 RMB:USD 6.8343 6.3907 HKD:USD 7.7576 7.7506 MYR:USD 4.3269 4.2821

Prepayments, deposits and oth17

Prepayments, deposits and other receivables net (Tables)	3 Months Ended
	Dec. 31, 2016
Prepayments, Deposits and Other Receivables, Net [Abstract]
Schedule on prepayments deposits and other receivable	December 31, September 30, Prepayments to suppliers $ 34,881 $ 19,496 Rental and other deposits 103,724 107,994 Employee advances and others 27,899 20,093 Sub total 166,504 147,583 Less: allowance for doubtful accounts (17,538 ) (18,559 ) Prepayments, deposits and other receivables, net $ 148,966 $ 129,024

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Dec. 31, 2016
Property and Equipment, Net [Abstract]
Schedule of property and equipment, net	December 31, September 30, Electronic equipment $ 2,208,560 $ 2,300,666 Furniture and fixtures 82,523 86,029 Leasehold improvements 346,453 397,443 Total property and equipment 2,637,536 2,784,138 Less: Accumulated depreciation and amortization (1,407,376 ) (1,275,395 ) Total property and equipment, net $ 1,230,160 $ 1,508,743

Intangible assets (Tables)

Intangible assets (Tables)	3 Months Ended
	Dec. 31, 2016
Intangible Assets, Net [Abstract]
Schedule of intangible assets	December 31, September 30, IP rights $ 3,460,335 $ 3,460,335 Other intangible assets 1,299,916 1,376,122 4,760,251 $ 4,836,457 Less: accumulated amortization (1,648,491 ) (1,525,164 ) Net intangible assets $ 3,111,760 $ 3,311,293
Schedule of total estimated amortization of intangible assets	For the Twelve Months Ending December 31, Estimated 2017 $ 548,203 2018 496,479 2019 387,250 2020 377,035 2021 377,035 2022 and thereafter 925,758 Total $ 3,111,760

Related Party Transactions an20

Related Party Transactions and Balances (Tables)	3 Months Ended
	Dec. 31, 2016
Related Party Transactions and Balances [Abstract]
Schedule of relationship of related party transactions	Name Relationship with the Company Jet Key Limited (“Jet Key”) A below 1% shareholder of the Company Shenzhen Bayi Consulting Co. Ltd. (“Bayi”) A below 5% shareholder of the Company Ace Keen Limited (“Ace Keen”) A below 1% shareholder of the Company Moxian China Limited A 26.8% shareholder of the Company Zhang Xin A below 5% shareholder of the Company Beijing Xinhua Huifeng Equity Investment Center (“Xinhua”) A Shareholder of the Company (see note 7) Zhongtou Huifeng Investment Management (Beijing) Co. Ltd Affiliated company of Xinhua Mr. Hao Qing Hu A director of the Company Morolling International HK Limited (Morolling) A below 1% shareholder of the Company
Schedule of subscription payments payable	Nature and Company December 31, September 30, Bayi $ 1,434,189 $ 1,434,189 Moxian China Limited 565,811 565,811 $ 2,000,000 $ 2,000,000
Schedule of loans payable-related party transactions	Nature and Company December 31, September 30, Loan payable – related parties Bayi $ 15,217 $ 543,655 Morolling - 914,014 Moxian China Limited - 170,714 Jet Key 115,937 206,780 Ace Keen - 98,473 Hao Qing Hu - 10,562 Zhang Xin - 98,969 Zhongtou - 16,161 Xinhua - 493,237 $ 131,154 $ 2,552,565

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Schedule of deferred tax assets	December 31, September 30, Deferred tax asset from net operating loss and carry-forwards $ 6,512,535 $ 5,876,564 Valuation allowance (6,417,851 ) (5,777,983 ) Deferred tax asset, net $ 94,684 $ 98,581

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Schedule of operating leases minimum rentals	For the Twelve Months Ending December 31, 2017 $ 614,347 2018 214,300 Total minimum lease payments $ 828,647
Schedule of payments	For the Twelve Months Ended December 31, 2017 $ 1,902,159 December 31, 2018 1,463,199 December 31, 2019 1,463,199 December 31, 2020 1,463,199 Total agency payments $ 6,291,756

Organization and Nature of Op23

Organization and Nature of Operations (Details Textuals) - USD ($)	Nov. 14, 2016	Jun. 20, 2016	May 24, 2016	Dec. 31, 2016
Organization and Nature of Operations (Textual)
IPO proceeds deposited in indemnification escrow account				$ 500,000
Reverse stock split ratio, description			The Board of approved a reverse stock split of the Company's issued and outstanding shares of common stock, par value $0.001 per share (the "Common Stock"), at a ratio of 1-for-2 (the "Reverse Stock Split").
Changes in capital structure, Description		The Company's authorized Common Stock was correspondingly reduced from 500,000,000 shares to 250,000,000 shares without changes in par value per share.
Public offering
Organization and Nature of Operations (Textual)
Issue of common stock, shares	2,501,250
Price per share	$ 0.04
Gross proceeds from offering	$ 10,005,000
Net proceeds from offering	9,000,000
IPO proceeds deposited in indemnification escrow account	$ 500,000

Summary of Principal Accounti24

Summary of Principal Accounting Policies (Details)	3 Months Ended
	Dec. 31, 2016
Electronic equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Electronic equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives, description	Shorter of estimated useful life or term of lease

Summary of Principal Accounti25

Summary of Principal Accounting Policies (Details 1)	3 Months Ended
	Dec. 31, 2016¥ / shares	Dec. 31, 2016¥ / sharesHKD / shares	Dec. 31, 2016¥ / sharesMYR / shares	Dec. 31, 2015¥ / shares	Dec. 31, 2015HKD / shares	Dec. 31, 2015MYR / shares	Dec. 31, 2016HKD / shares	Dec. 31, 2016MYR / shares	Sep. 30, 2016¥ / shares	Sep. 30, 2016HKD / shares	Sep. 30, 2016MYR / shares
Summary of Principal Accounting Policies [Abstract]
Balance sheet items, except for equity accounts | (per share)	¥ 6.9448	¥ 6.9448	¥ 6.9448				HKD 7.7553	MYR 4.4860	¥ 6.6702	HKD 7.7550	MYR 4.1356
Items in the statements of operations and comprehensive loss, and statements cash flows | (per share)	¥ 6.8343	¥ 7.7576	¥ 4.3269	¥ 6.3907	HKD 7.7506	MYR 4.2821

Summary of Principal Accounti26

Summary of Principal Accounting Policies (Details Textuals) - USD ($)	Nov. 14, 2016	Dec. 31, 2016	Sep. 30, 2016
Summary of Principal Accounting Policies (Textual)
Current liabilities exceeded current assets		$ 700,000
Accumulated deficit		$ (27,791,799)	$ (24,988,796)
Net proceeds from initial public offering	$ 9,000,000
Intellectual property rights
Summary of Principal Accounting Policies (Textual)
Intangible assets estimated useful lives		straight-line method
Intellectual property rights | Maximum
Summary of Principal Accounting Policies (Textual)
Intangible assets estimated useful life (in years)		10 years
Intellectual property rights | Minimum
Summary of Principal Accounting Policies (Textual)
Intangible assets estimated useful life (in years)		3 years

Prepayments, deposits and oth27

Prepayments, deposits and other receivables net (Details) - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Prepayments, Deposits and Other Receivables, Net [Abstract]
Prepayments to suppliers	$ 34,881	$ 19,496
Rental and other deposits	103,724	107,994
Employee advances and others	27,899	20,093
Sub total	166,504	147,583
Less: allowance for doubtful accounts	(17,538)	(18,559)
Prepayments, deposits and other receivables, net	$ 148,966	$ 129,024

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Summary of Property and equipment
Total property and equipment	$ 2,637,536	$ 2,784,138
Less: Accumulated depreciation and amortization	(1,407,376)	(1,275,395)
Total property and equipment, net	1,230,160	1,508,743
Electronic equipment
Summary of Property and equipment
Total property and equipment	2,208,560	2,300,666
Furniture and fixtures
Summary of Property and equipment
Total property and equipment	82,523	86,029
Leasehold improvements
Summary of Property and equipment
Total property and equipment	$ 346,453	$ 397,443

Property and Equipment, Net (29

Property and Equipment, Net (Details Textuals) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property and equipment, net (Textual)
Depreciation and amortization	$ 210,788	$ 223,424

Intangible assets (Details)

Intangible assets (Details) - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 4,760,251	$ 4,836,457
Less: accumulated amortization	(1,648,491)	(1,525,164)
Net intangible assets	3,111,760	3,311,293
IP rights
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	3,460,335	3,460,335
Other intangible assets
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 1,299,916	$ 1,376,122

Intangible assets (Details 1)

Intangible assets (Details 1) - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Intangible Assets, Net [Abstract]
2,017	$ 548,203
2,018	496,479
2,019	387,250
2,020	377,035
2,021	377,035
2022 and thereafter	925,758
Net intangible assets	$ 3,111,760	$ 3,311,293

Intangible assets (Details Text

Intangible assets (Details Textuals) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Intangible Assets, Net (Textual)
Aggregate amortization expense	$ 138,486	$ 220,020

Related Party Transactions an33

Related Party Transactions and Balances (Details)	3 Months Ended
	Dec. 31, 2016
Jet Key Limited ("Jet Key")
Related Party Transaction [Line Items]
Related party transaction relationship, Description	A below 1% shareholder of the Company
Shenzhen Bayi Consulting Co. Ltd. ("Bay")
Related Party Transaction [Line Items]
Related party transaction relationship, Description	A below 5% shareholder of the Company
Ace Keen Limited ("Ace Keen")
Related Party Transaction [Line Items]
Related party transaction relationship, Description	A below 1% shareholder of the Company
Moxian China Limited
Related Party Transaction [Line Items]
Related party transaction relationship, Description	A 26.8% shareholder of the Company
Zhang Xin
Related Party Transaction [Line Items]
Related party transaction relationship, Description	A below 5% shareholder of the Company
Beijing Xinhua Huifeng Equity Investment Center ("Xinhua")
Related Party Transaction [Line Items]
Related party transaction relationship, Description	A Shareholder of the Company (see note 7)
Zhongtou Huifeng Investment Management (Beijing) Co. Ltd
Related Party Transaction [Line Items]
Related party transaction relationship, Description	Affiliated company of Xinhua
Mr. Hao Qing Hu
Related Party Transaction [Line Items]
Related party transaction relationship, Description	A director of the Company
Morolling International HK Limited (Morolling)
Related Party Transaction [Line Items]
Related party transaction relationship, Description	A below 1% shareholder of the Company

Related Party Transactions an34

Related Party Transactions and Balances (Details 1) - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Related Party Transaction [Line Items]
Subscription payments payable	$ 2,000,000	$ 2,000,000
Bayi
Related Party Transaction [Line Items]
Subscription payments payable	1,434,189	1,434,189
Moxian China Limited
Related Party Transaction [Line Items]
Subscription payments payable	$ 565,811	$ 565,811

Related Party Transactions an35

Related Party Transactions and Balances (Details 2) - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Related Party Transaction [Line Items]
Amount due to related parties	$ 131,154	$ 2,552,565
Bayi
Related Party Transaction [Line Items]
Amount due to related parties	15,217	543,655
Morolling
Related Party Transaction [Line Items]
Amount due to related parties		914,014
Moxian China Limited
Related Party Transaction [Line Items]
Amount due to related parties		170,714
Jet Key
Related Party Transaction [Line Items]
Amount due to related parties	115,937	206,780
Ace Keen
Related Party Transaction [Line Items]
Amount due to related parties		98,473
Mr. Hao Qing Hu
Related Party Transaction [Line Items]
Amount due to related parties		10,562
Zhang Xin
Related Party Transaction [Line Items]
Amount due to related parties		98,969
Zhongtou
Related Party Transaction [Line Items]
Amount due to related parties		16,161
Xinhua
Related Party Transaction [Line Items]
Amount due to related parties		$ 493,237

Related Party Transactions an36

Related Party Transactions and Balances (Details Textuals)

Jan. 03, 2017$ / sharesshares

Nov. 12, 2015USD ($)

Nov. 09, 2015USD ($)

Dec. 25, 2015USD ($)

Nov. 20, 2015USD ($)

Dec. 31, 2016USD ($)Loan_Agreement

Dec. 31, 2016CNY (¥)

Dec. 31, 2016HKD

Dec. 31, 2015USD ($)

Dec. 31, 2016CNY (¥)Loan_Agreement

Dec. 31, 2016HKDLoan_Agreement

Nov. 14, 2016$ / shares

Sep. 30, 2016USD ($)

Dec. 25, 2015CNY (¥)

Nov. 20, 2015HKD

Nov. 12, 2015HKD

Nov. 09, 2015HKD

Related Party Transactions and Balances (Textual)

Repayment of loan

$ 2,389,357

$ 775,883

Moyi and Jet Key

Related Party Transactions and Balances (Textual)

Repayment of loan

74,623

¥ 510,000

Related party payable, Balance

115,937

$ 206,780

Moyi and Ace Keen

Related Party Transactions and Balances (Textual)

Repayment of loan

21,948

HKD 150,000

Moxian Hk And Zhang Xin

Related Party Transactions and Balances (Textual)

Repayment of loan

98,936

767,500

Loan borrowed

$ 99,025

HKD 767,500

Term of loan

12 months

Moxian Hk And Ace Keen

Related Party Transactions and Balances (Textual)

Repayment of loan

93,925

728,629

Loan borrowed

$ 76,028

17,966

HKD 139,730

HKD 589,258.80

Term of loan

12 months

Moxian HK and Moxian China Limited

Related Party Transactions and Balances (Textual)

Repayment of loan

272,604

2,114,739

Loan borrowed

$ 44,900

HKD 348,000

Term of loan

12 months

Moxian Malaysia And Moxian China Limited

Related Party Transactions and Balances (Textual)

Repayment of loan

97,473

Moxian Hk And Morolling

Related Party Transactions and Balances (Textual)

Repayment of loan

$ 1,065,363

HKD 8,264,603

Number of loan agreement | Loan_Agreement

5

5

5

Loan borrowed

$ 151,652

HKD 1,176,449

Moxian Shenzhen And Bayi

Related Party Transactions and Balances (Textual)

Repayment of loan

3,047,115

20,825,022

Loan borrowed

$ 713,675

2,531,979

¥ 17,304,403

¥ 4,560,883.40

Term of loan

12 months

Moxian Shenzhen And Xinhua

Related Party Transactions and Balances (Textual)

Repayment of loan

373,116

2,550,000

Moxian Beijing And Zhongtou

Related Party Transactions and Balances (Textual)

Repayment of loan

15,773

107,800

Moxian Beijing And Xinhua

Related Party Transactions and Balances (Textual)

Repayment of loan

108,277

740,000

Bayi and Moxian China Limited

Related Party Transactions and Balances (Textual)

Price per share | $ / shares

$ 4

Bayi and Moxian China Limited | Subsequent Event

Related Party Transactions and Balances (Textual)

Shares issued as stock subscription payable | shares

500,000

Price per share | $ / shares

$ 4

Moyi And Bayi

Related Party Transactions and Balances (Textual)

Repayment of loan

$ 96,571

660,000

Number of loan agreement | Loan_Agreement

2

2

2

Loan borrowed

$ 96,571

¥ 660,000

Moxian Beijing And Hao Qing Hu

Related Party Transactions and Balances (Textual)

Repayment of loan

21,197

144,871

Advance from related party

$ 10,890

¥ 74,423

Capital Stock (Details Textuals

Capital Stock (Details Textuals)	Jan. 03, 2017$ / sharesshares	Nov. 14, 2016USD ($)$ / sharesshares	Feb. 22, 2016shares	Dec. 31, 2016$ / shares	Sep. 07, 2016Note_Conversion
Capital Stock (Textual)
Common stock shares subject to cancellation			47,422,540
Percentage of common stock			42.93%
Warrant
Capital Stock (Textual)
Percentage of warrants issued equal to shares		4.00%
Warrants issued		100,050
Term of Warrant		5 years
Exercise price of warrants | $ / shares		$ 4.60
Fair value of warrants | $		$ 280,042
Valuation technique				Black-Scholes pricing model
Market value of underlying stock | $ / shares				$ 4.09
Risk free rate				1.66%
Expected term				5 years
Exercise price of the warrants | $ / shares				$ 4.60
Volatility				90.70%
Expected future dividends
Good Eastern Investment Limited
Capital Stock (Textual)
Common stock shares subject to cancellation			9,990,000
Stellar Elite Limited
Capital Stock (Textual)
Common stock shares subject to cancellation			19,830,000
Moxian China Limited
Capital Stock (Textual)
Common stock shares subject to cancellation			17,602,540
Bayi and Moxian China Limited
Capital Stock (Textual)
Number of note conversion agreement | Note_Conversion					2
Conversion of promissory notes, aggregate amount | $		$ 2,000,000
Price per share | $ / shares		$ 4
Bayi and Moxian China Limited | Subsequent Event
Capital Stock (Textual)
Shares to be issued as stock subscription payable	500,000
Price per share | $ / shares	$ 4

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2016	Sep. 30, 2016
Income Taxes [Abstract]
Deferred tax asset from net operating loss and carry-forwards	$ 6,512,535	$ 5,876,564
Valuation allowance	(6,417,851)	(5,777,983)
Deferred tax asset, net	$ 94,684	$ 98,581

Income Taxes (Details Textuals)

Income Taxes (Details Textuals) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Income taxes (Textual)
Operating loss carryforwards	$ 6,300,000
Operating loss carryforwards, description	Future net operation losses of approximately $6.3 million are available to offset future operating income through 2036.
Effective tax rate	16.50%
PRC's statutory income tax rate	Effective from January 1, 2008, the PRC's statutory income tax rate is 25%.
PRC subsidiaries subject to income tax rate	25.00%
Deferred tax asset	$ 94,684		$ 98,581
Valuation allowance	6,417,851		5,777,983
Increase in valuation allowance	$ 600,000		$ 3,300,000
Hong Kong
Income taxes (Textual)
Effective tax rate	16.50%	16.50%
Maximum
Income taxes (Textual)
PRC statutory rate, percentage	35.00%
Minimum
Income taxes (Textual)
PRC statutory rate, percentage	15.00%

Commitments and Contingencies40

Commitments and Contingencies (Details)	Dec. 31, 2016USD ($)
For the Twelve Months Ending December 31,
2,017	$ 614,347
2,018	214,300
Total minimum lease payments	$ 828,647

Commitments and Contingencies41

Commitments and Contingencies (Details 1)	Dec. 31, 2016USD ($)
For the Twelve Months Ended
December 31, 2017	$ 1,902,159
December 31, 2018	1,463,199
December 31, 2019	1,463,199
December 31, 2020	1,463,199
Total agency payments	$ 6,291,756

Commitments and Contingencies42

Commitments and Contingencies (Details Textuals) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Loss Contingencies [Line Items]
Rental expenses under operating leases	$ 168,830	$ 181,409
Advertising agency fee
Sponsor fees		$ 147,620
Xinhua New Media Co. Ltd
Loss Contingencies [Line Items]
Expiration date of agreement	Dec. 31, 2020