Cover
Cover - shares | 6 Months Ended | |
Mar. 31, 2024 | May 08, 2024 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Interactive Data Current | Yes | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2024 | |
Document Fiscal Year Focus | 2024 | |
Document Fiscal Period Focus | Q2 | |
Entity Information [Line Items] | ||
Entity Registrant Name | MAITONG SUNSHINE CULTURAL DEVELOPMENT CO., LIMITED | |
Entity Central Index Key | 0002003750 | |
Entity File Number | 333-276152 | |
Entity Tax Identification Number | 93-4332287 | |
Entity Incorporation, State or Country Code | NV | |
Current Fiscal Year End Date | --09-30 | |
Entity Current Reporting Status | No | |
Entity Shell Company | false | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false | |
Entity Contact Personnel [Line Items] | ||
Entity Address, Address Line One | Room 202, Gate 6, Building 9 | |
Entity Address, Address Line Two | Yayuan | |
Entity Address, Address Line Three | Anhui Beili | |
Entity Address, City or Town | Chaoyang District | |
Entity Address, Country | CN | |
Entity Address, Postal Zip Code | 100000 | |
Entity Phone Fax Numbers [Line Items] | ||
City Area Code | +86 | |
Local Phone Number | (010) 6492 7946 | |
Entity Listings [Line Items] | ||
Title of 12(b) Security | None | |
No Trading Symbol Flag | true | |
Security Exchange Name | NONE | |
Entity Common Stock, Shares Outstanding | 60,000,000 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Mar. 31, 2024 | Sep. 30, 2023 |
Current Assets: | ||
Cash | $ 22,679 | |
Prepayments | 38,770 | |
Other receivables | 1,141 | |
Total current assets | 61,449 | 1,141 |
Property and equipment, net | 3,310 | |
Right-of-use assets | 23,725 | 40,752 |
Total assets | 88,484 | 41,893 |
Current Liabilities: | ||
Accrued expenses | 15,415 | 30,790 |
Other payables | 3,784 | 1,239 |
Operating lease liabilities, current | 23,725 | 34,830 |
Total current liabilities | 146,379 | 76,485 |
Operating lease liabilities, less current portion | 5,922 | |
Total liabilities | 146,379 | 82,407 |
Equity: | ||
Preferred stock; $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at March 31, 2024 and September 30, 2023 | ||
Common stock; $0.001 par value, 150,000,000 shares authorized; 60,000,000 shares issued and outstanding at March 31, 2024 and September 30, 2023 | 60,000 | 60,000 |
Additional paid-in capital | ||
Capital stock subscription receivable | (60,000) | |
Accumulated deficit | (117,904) | (40,502) |
Accumulated other comprehensive loss | 9 | (12) |
Total stockholders’ deficit | (57,895) | (40,514) |
Total liabilities and equity | 88,484 | 41,893 |
Related Party | ||
Current Liabilities: | ||
Due to related parties | $ 103,455 | $ 9,626 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Mar. 31, 2024 | Sep. 30, 2023 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | ||
Preferred stock, shares outstanding | ||
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 150,000,000 | 150,000,000 |
Common stock, shares issued | 60,000,000 | 60,000,000 |
Common stock, shares outstanding | 60,000,000 | 60,000,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive (Loss) (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended |
Mar. 31, 2024 | Mar. 31, 2024 | |
Income Statement [Abstract] | ||
Revenue | $ 140,986 | $ 264,956 |
Cost of revenue | 85,911 | 161,750 |
Gross profit | 55,075 | 103,206 |
Selling, general and administrative expenses | 79,701 | 180,134 |
Loss from operations | (24,626) | (76,928) |
Other income (expense) | (107) | |
Loss before provision for income taxes | (24,626) | (77,035) |
Provision for income taxes | 282 | 367 |
Net loss | (24,908) | (77,402) |
Comprehensive loss: | ||
Net loss | (24,908) | (77,402) |
Foreign currency translation adjustment | (11) | 21 |
Comprehensive loss | $ (24,919) | $ (77,381) |
Basic loss per share (in Dollars per share) | $ 0 | $ (0.002) |
Weighted average number of shares outstanding (in Shares) | 60,000,000 | 50,301,639 |
Consolidated Statements of Op_2
Consolidated Statements of Operations and Comprehensive (Loss) (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 6 Months Ended |
Mar. 31, 2024 | Mar. 31, 2024 | |
Income Statement [Abstract] | ||
Diluted loss per share | $ 0 | $ (0.002) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders’ Deficit (Unaudited) - USD ($) | Common stock | Additional Paid-in Capital | Capital stock subscription receivable | Accumulated Deficit | Accumulated Other Comprehensive Loss | Total |
Balance at Sep. 30, 2023 | $ 60,000 | $ (60,000) | $ (40,502) | $ (12) | $ (40,514) | |
Balance (in Shares) at Sep. 30, 2023 | 60,000,000 | |||||
Capital subscription received | 60,000 | 60,000 | ||||
Net loss | (52,494) | (52,494) | ||||
Foreign currency translation adjustment | 32 | 32 | ||||
Balance at Dec. 31, 2023 | $ 60,000 | (92,996) | 20 | (32,976) | ||
Balance (in Shares) at Dec. 31, 2023 | 60,000,000 | |||||
Balance at Sep. 30, 2023 | $ 60,000 | (60,000) | (40,502) | (12) | (40,514) | |
Balance (in Shares) at Sep. 30, 2023 | 60,000,000 | |||||
Net loss | (77,402) | |||||
Balance at Mar. 31, 2024 | $ 60,000 | (117,904) | 9 | (57,895) | ||
Balance (in Shares) at Mar. 31, 2024 | 60,000,000 | |||||
Balance at Dec. 31, 2023 | $ 60,000 | (92,996) | 20 | (32,976) | ||
Balance (in Shares) at Dec. 31, 2023 | 60,000,000 | |||||
Net loss | (24,908) | (24,908) | ||||
Foreign currency translation adjustment | (11) | (11) | ||||
Balance at Mar. 31, 2024 | $ 60,000 | $ (117,904) | $ 9 | $ (57,895) | ||
Balance (in Shares) at Mar. 31, 2024 | 60,000,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) | 6 Months Ended |
Mar. 31, 2024 USD ($) | |
Cash Flows from Operating Activities | |
Net loss | $ (77,402) |
Adjustments to reconcile net loss to net cash used in operating activities: | |
Depreciation and amortization | 401 |
Operating lease expense | 17,535 |
Interest expense | 536 |
Changes in operating assets and liabilities: | |
Prepayments | (38,982) |
Other receivable | 1,159 |
Accrued expenses | (15,319) |
Lease payment | (18,071) |
Other payables | 2,559 |
Net cash used in operating activities | (127,584) |
Cash Flows from Investing Activities | |
Purchase of fixed assets | (3,729) |
Net cash used in investing activities | (3,729) |
Cash Flows from Financing Activities | |
Proceeds from subscription | 60,000 |
Loans from related parties | 94,056 |
Net cash provided by financing activities | 154,056 |
Effect of exchange rate fluctuation on cash and cash equivalents | (64) |
Net increase in cash and cash equivalents | 22,679 |
Cash and cash equivalents, beginning of year | |
Cash and cash equivalents, end of year | 22,679 |
Supplemental disclosure of cash flow information | |
Cash paid for income taxes | 367 |
Cash paid for interest expense | 536 |
Supplemental disclosure of non-cash activities | |
Right-of-use assets and related lease liabilities | $ 23,725 |
Nature of Operations and Basis
Nature of Operations and Basis of Presentation | 6 Months Ended |
Mar. 31, 2024 | |
Nature of Operations and Basis of Presentation [Abstract] | |
NATURE OF OPERATIONS AND BASIS OF PRESENTATION | NOTE 1. NATURE OF OPERATIONS AND BASIS OF PRESENTATION Maitong Sunshine Cultural Development Co., Limited (“MTSS”, together as a group with its subsidiaries referred to as “Maitong Sunshine”, “Company”, “us” or “we”) was incorporated in the State of Nevada on October 26, 2023. MTSS through its operating subsidiary, which has headquarters in Beijing, China, provides cultural tourism (include Education Tours and Family Tours), and plans to market arts expositions and Chinese cultural and creative products. The Company currently has 11 full-time employees. MTSS’s subsidiaries are: Maitong Sunshine Cultural Development Co., Limited (Samoa) Maitong Sunshine Cultural Development Co., Limited (Hong Kong) Beijing Tongzhilian Cultural Development Co., Limited ( The transactions summarized above are treated in our financial statements as a corporate restructuring (reorganization) of entities under common control, as each of the four entities have at all times been under the control of Ms. Huang Fang. Therefore, in accordance with ASC 805-50-45-5, the current capital structure has been retroactively presented in prior periods as if such structure existed at that time and the entities under common control are presented on a combined basis for all periods. Since all of the subsidiaries were under common control for all periods presented, the results of these subsidiaries are included in the Company’s financial statements for all periods. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Mar. 31, 2024 | |
Summary of Significant Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. Going concern Management has determined there is substantial doubt about the Company’s ability to continue as a going concern as a result of lack of significant revenues and recurring losses. If the Company is unable to generate significant revenue or secure additional financing, it may be required to cease or curtail its operations. The accompanying consolidated financial statements do not include adjustments that might result from the outcome of this uncertainty. The Company’s operations have been financed primarily by advances and loans from related parties. Huang Fang, the President, CEO, chairwoman of the board and a shareholder of the Company, will provide support in the future if needed. B. Basis of presentation The accompanying consolidated financial statements are expressed in U.S. Dollars and have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). C. Principles of consolidation The consolidated financial statements include the accounts of MTSS and its subsidiaries. All significant inter-company accounts and transactions have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of these subsidiaries. MTSS’s subsidiaries as of March 31, 2024 are listed as follows: Name Place of Attributable equity Authorized Maitong Sunshine Cultural Development Co., Limited Samoa 100 USD$ 1,000,000 Maitong Sunshine Cultural Development Co., Limited Hong Kong 100 HKD$ 10,000 Beijing Tongzhilian Cultural Development Co., Ltd China 100 RMB 1,000,000 D. Use of estimates The preparation of 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, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. Actual results could differ from these estimates. E. Functional currency and foreign currency translation An entity’s functional currency is the currency of the primary economic environment in which it operates. Normally that is the currency of the environment in which the entity primarily generates and expends cash. Management’s judgment is essential to determining the functional currency by assessing various indicators, such as cash flows, sales price and market, expenses, financing and inter-company transactions and arrangements. Based on that assessment, the functional currency of the Company is the Chinese Renminbi (“RMB’). The functional currency of MTSS HK is the Hong Kong Dollar and the functional currency of MTSS Samoa and MTSS is the United States dollar (“US Dollars” or “$”). The reporting currency of these consolidated financial statements is in US Dollars. The financial statements of MTSS’s subsidiaries, which are prepared using the RMB, are translated into the Company’s reporting currency, the US Dollar. Assets and liabilities are translated using the exchange rate at each reporting period end date. Revenue and expenses are translated using weighted average rates prevailing during each reporting period, and stockholders’ equity (deficit) is translated at historical exchange rates. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income or expense. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transactions. Foreign currency exchange gains and losses resulting from these transactions are included in operations. The exchange rates used for foreign currency translation are as follows: For the (USD to Assets and liabilities period end exchange rate 7.2221/7.8253 Revenue and expenses period weighted average 7.1828/7.8170 F. Concentration of credit risk Financial instruments that potentially subject the Company to concentrations of credit risk are due from related parties and other receivables arising from its normal business activities. The carrying amounts of these financial instruments represent the maximum amount of loss due to credit risk. The deposits placed with financial institutions are not protected by statutory or commercial insurance. In the event of bankruptcy of one of these financial institutions, the Company may be unlikely to reclaim its deposits in full. Management believes that these financial institutions are of high credit quality and continually monitors the credit worthiness of these financial institutions. The Company places its cash in what it believes to be credit-worthy financial institutions. The Company has a diversified customer base. The majority of sales are cash receipt in advance. For those credit sales, the Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited. For the six months ended March 31, 2024, the Company had 4 major customers that accounted for over 10% of its total revenue. Six Months Ended Revenue Percentage of Customer A $ 52,380 20 % Customer B 41,651 16 % Customer C 34,461 13 % Customer D 27,569 10 % For the six months ended March 31, 2024, the Company had 1 major supplier that accounted for over 10% of its total cost of revenue. Six Months Ended Cost of Percentage of Supplier A $ 160,564 99 % G. Fair value measurements The Company applies the provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 820, Fair Value Measurements Fair value is defined as the price that would be received when selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining the fair value for the assets and liabilities required or permitted to be recorded, the Company considers the principal or most advantageous market in which it would transact, and it considers assumptions that market participants would use when pricing the asset or liability. ASC 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes three levels of inputs that may be used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices, other than those in Level 1, in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability, Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). There were no transfers between level 1, level 2 or level 3 measurements for the six months ended March 31, 2024. Financial assets and liabilities of the Company primarily comprise of accrued expenses, other payables and due to related parties. As of March 31, 2024, the carrying values of these financial instruments approximated their fair values due to the short-term maturity of these instruments. H. Segment information and geographic data The Company is operating in one segment in accordance with the accounting guidance in FASB ASC Topic 280, Segment Reporting I. Revenue recognition The Company adopted FASB ASC Section 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the sales of products and services by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. The Company recognizes revenue when the amount of revenue can be reliably measured, it is probable that economic benefits will flow to the entity, and specific criteria have been met for each of the Company’s activities as described below. Service Revenue The Company provides cultural tourism services and small-scale training services. The Company’s policy is to recognize revenue at that time the services have been sold and the risk of loss has been transferred to the customer. Accordingly, revenue is recognized at the point in time when the service is provided. Cost of service revenue consists primarily of the purchase cost, staff cost and other cost to fulfill a contract with a customer. J. Income taxes The Company follows FASB ASC Section 740, Income Taxes ASC 740-10-30 requires income tax positions to meet a more-likely-than-not recognition threshold to be recognized in the financial statements. Under ASC 740-10-30, tax positions that previously failed to meet the more-likely-than-not threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. The application of tax laws and regulations is subject to legal and factual interpretation, judgment and uncertainty. Tax laws and regulations themselves are subject to change as a result of changes in fiscal policy, changes in legislation, the evolution of regulations and court rulings. Therefore, the actual liability may be materially different from our estimates, which could result in the need to record additional tax liabilities or potentially reverse previously recorded tax liabilities or the deferred tax asset valuation allowance. As a result of the implementation of ASC 740-10, the Company made a comprehensive review of its portfolio of tax positions in accordance with recognition standards established by ASC 740-10. The Company recognized no material adjustments to liabilities or shareholder’s equity as a result of the implementation. K. Earnings (loss) per share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260, Earnings Per Share Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of contracts to issue ordinary common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. The computation of diluted EPS includes the estimated impact of the exercise of contracts to purchase common stock using the treasury stock method and the potential shares of converted common stock associated with the convertible debt using the if-converted method. Potential common shares that have an anti-dilutive effect (i.e., those that increase earnings per share or decrease loss per share) are excluded from the calculation of diluted EPS. L. Leases In February 2016, the FASB issued ASU 2016-02–Leases (Topic 842), which increases transparency and comparability among organizations by recognizing right-of-use (“ROU”) lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The ASU maintains a distinction between finance leases and operating leases, which is substantially similar to the classification criteria for distinguishing between capital leases and operating leases in the previous lease guidance. Retaining this distinction allows the recognition, measurement and presentation of expenses and cash flows arising from a lease to remain similar to the previous accounting treatment. A lessee is permitted to make an accounting policy election by class of underlying asset to exclude from balance sheet recognition any lease assets and lease liabilities with a term of 12 months or less, and instead to recognize lease expense on a straight-line basis over the lease term. For both financing and operating leases, the ROU asset and lease liability is initially measured at the present value of the lease payments in the consolidated balance sheet. In July 2018, the FASB issued ASU 2018-11 which provides entities with the option to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption, if necessary. M. Recently adopted accounting pronouncements We do not believe that any recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the consolidated financial position, statements of operations and cash flows. |
Prepayments
Prepayments | 6 Months Ended |
Mar. 31, 2024 | |
Prepayments [Abstract] | |
PREPAYMENTS | NOTE 3. PREPAYMENTS At March 31, 2024, prepayments consisted of: March 31, September 30, 2024 2023 Jinjiu International Consulting Services (Beijing) Co., Ltd $ 38,770 $ - Total Prepayments $ 38,770 $ - |
Other Receivables
Other Receivables | 6 Months Ended |
Mar. 31, 2024 | |
Other Receivables [Abstract] | |
OTHER RECEIVABLES | NOTE 4. OTHER RECEIVABLES At March 31, 2024 and September 30, 2023, other receivables consisted of: March 31, September 30, 2024 2023 Collected money on behalf of the company by employee $ - $ 1,141 Total other receivables $ - $ 1,141 |
Capital Stock Subscription Rece
Capital Stock Subscription Receivable | 6 Months Ended |
Mar. 31, 2024 | |
Capital Stock Subscription Receivable [Abstract] | |
CAPITAL STOCK SUBSCRIPTION RECEIVABLE | NOTE 5. CAPITAL STOCK SUBSCRIPTION RECEIVABLE Capital stock subscription receivable consists of the following: Name March 31, September 30, Huang Fang $ - $ 60,000 Total $ - $ 60,000 On September 7, 2023 our shareholders purchased the authorized shares of MTSS-Samoa for $60,000. Our CEO, Huang Fang, funded the purchase by giving MTSS-Samoa her personal promissory note in the amount of $60,000. As of September 30, 2023, the Company had a capital stock subscription receivable of $60,000 due from Huang Fang. As of March 31, 2024, Ms. Huang had made payments to satisfy the $60,000 note payable to Maitong-Samoa. |
Due to Related Parties
Due to Related Parties | 6 Months Ended |
Mar. 31, 2024 | |
Due to Related Parties [Abstract] | |
DUE TO RELATED PARTIES | NOTE 6. DUE TO RELATED PARTIES Due to related parties consists of the following: Name of related party March 31, 2024 September 30, Beijing Devoter Oriental Co., Ltd. $ 9,626 $ 9,626 Huang Fang 93,829 - Total $ 103,455 $ 9,626 As of March 31, 2024 and September 30, 2023, the Company had a balance of $9,626 due to Beijing Devoter Oriental Co., Ltd. As of March 31, 2024, the Company owed Huang Fang a balance of $93,829, which represented the expenses she paid on behalf of the Company for expenses and the interest-free loan she provided to the Company. Huang Fang is the President, CEO and Chairwoman of the Board and a shareholder of the Company, and the CEO and controlling shareholder of Beijing Devoter Oriental Co., Ltd. |
Accrued Expenses
Accrued Expenses | 6 Months Ended |
Mar. 31, 2024 | |
Accrued Expenses [Abstract] | |
ACCRUED EXPENSES | NOTE 7. ACCRUED EXPENSES At March 31, 2024 and September 30, 2023, accrued expenses consisted of: March 31, September 30, 2024 2023 Audit fee $ 3,000 $ 30,000 Payroll payable 9,790 790 Social security payable 2,625 - Total accrued expenses $ 15,415 $ 30,790 As of March 31, 2024 and September 30, 2023, the Company recorded payable to auditor of $3,000 and $30,000 for services in connection with the Company’s registration as a public reporting company in the United States. As of March 31, 2024 and September 30, 2023, the Company recorded payroll payable of $9,790 and $790. As of March 31, 2024, the Company recorded social security payable of $2,625. |
Lease
Lease | 6 Months Ended |
Mar. 31, 2024 | |
Lease [Abstract] | |
LEASE | NOTE 8. LEASE On September 1, 2023, Huang Fang, the CEO of the holding company of Tongzhilian, arranged to lease an office for the soon-to-be-established company, and Tongzhilian signed and confirmed the agreement when it was officially established. Under the terms of the agreement, Tongzhilian leased office space (approximately 144 square meters) under an operating lease agreement with Devoter (Beijing) Technology Co., Ltd, and is committed to make lease payments of approximately $44,482 (RMB 324,506) for the period between September 1, 2023 to November 30, 2024. For the six months ended March 31, 2024, the lease amortization expense was $17,535. As of March 31, 2024, the Company has the following amounts recorded on the Company’s consolidated balance sheet: March 31, 2024 Assets Right-of-use asset $ 23,725 Total $ 23,725 Liabilities Operating lease liability, current $ 23,725 Operating lease liability, less current portion - Total $ 23,725 Future annual minimum lease payments for non-cancellable operating leases are as follows: Period Ending March 31 2024 $ 17,973 Thereafter 5,991 Total 23,964 Less: imputed interest 239 Total $ 23,725 |
Income Taxes
Income Taxes | 6 Months Ended |
Mar. 31, 2024 | |
Income Taxes [Abstract] | |
INCOME TAXES | NOTE 9. INCOME TAXES United States MTSS is subject to the U.S. corporation tax rate of 21%. Samoa MTSS Samoa was incorporated in Samoa and, under the current laws of Samoa, is not subject to income tax. Hong Kong MTSS HK was incorporated in Hong Kong and is subject to Hong Kong profits tax. MTSS HK is subject to Hong Kong taxation on its activities conducted in Hong Kong and income arising in or derived from Hong Kong. The applicable statutory tax rate is 16.5%. The Company did not have any income (loss) subject to the Hong Kong profits tax. China Tongzhilian is subject to a 25% standard enterprise income tax in the PRC. There was $367 accrued for income taxes for the six months ended March 31, 2024. A reconciliation of loss before income taxes for domestic and foreign locations for the six months ended March 31, 2024 is as follows: For the Ended 2024 United States $ 69,242 Foreign 7,793 Loss before income taxes $ 77,035 The difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows: March 31, 2024 Income tax (benefit) at USA statutory rate 21 % U.S. valuation allowance (21 )% Effective combined tax rate 0 % Taxable income of PRC company has been increased by $5,632 after excluding non-deductible expenses. The difference between the PRC statutory income tax rate and the PRC effective tax rate was as follows: March 31, 2024 Income tax (benefit) at PRC statutory rate 25 % PRC valuation allowance 39 % Tax preference (51 )% Effective combined tax rate 13 % The Company did not recognize deferred tax assets since it is not likely to incur taxes against which such deferred tax assets may be offset. The deferred tax would apply to MTSS in the U.S. and Tongzhilian in China. The Company incurred losses from its United States operations during the six months ended March 31 The Company is subject to examination by the Internal Revenue Service (IRS) in the United States as well as by the taxing authorities in China, where the firm has significant business operations. The tax years under examination vary by jurisdiction. The table below presents the earliest tax year that remain subject to examination by major jurisdiction. The year as of U.S. Federal September 30, 2023 China December 31, 2023 |
Contingencies
Contingencies | 6 Months Ended |
Mar. 31, 2024 | |
Contingencies [Abstract] | |
CONTINGENCIES | NOTE 10. CONTINGENCIES Contingencies Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed. Loss contingencies considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be disclosed. The Company was not subject to any material loss contingency as of March 31, 2024. |
Basic and Diluted Earnings Per
Basic and Diluted Earnings Per Share | 6 Months Ended |
Mar. 31, 2024 | |
Basic and Diluted Earnings Per Share [Abstract] | |
BASIC AND DILUTED EARNINGS PER SHARE | NOTE 11. BASIC AND DILUTED EARNINGS PER SHARE Basic net income per share is computed using the weighted average number of common shares outstanding during the period. Diluted net income per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares comprise shares issuable upon the exercise of share-based awards, using the treasury stock method. The reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for income from continuing operations is shown as follows: For the For the 2024 2024 Numerator: Net loss attributable to common stockholders $ (77,402 ) $ (24,908 ) Denominator: Basic and diluted weighted-average number of shares outstanding 50,301,639 $ 60,000,000 Net income per share: Basic and diluted $ (0.002 ) $ (0.000 ) |
Subsequent Events
Subsequent Events | 6 Months Ended |
Mar. 31, 2024 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 12. SUBSEQUENT EVENTS Management has evaluated subsequent events through the date on which the consolidated financial statements were available to be issued. All subsequent events requiring recognition as of March 31, 2024 have been incorporated into these consolidated financial statements and there are no other subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.” |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 3 Months Ended | 6 Months Ended | |
Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2024 | |
Pay vs Performance Disclosure | |||
Net Income (Loss) | $ (24,908) | $ (52,494) | $ (77,402) |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Mar. 31, 2024 | |
Trading Arrangements, by Individual | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 6 Months Ended |
Mar. 31, 2024 | |
Summary of Significant Accounting Policies [Abstract] | |
Going concern | A. Going concern Management has determined there is substantial doubt about the Company’s ability to continue as a going concern as a result of lack of significant revenues and recurring losses. If the Company is unable to generate significant revenue or secure additional financing, it may be required to cease or curtail its operations. The accompanying consolidated financial statements do not include adjustments that might result from the outcome of this uncertainty. The Company’s operations have been financed primarily by advances and loans from related parties. Huang Fang, the President, CEO, chairwoman of the board and a shareholder of the Company, will provide support in the future if needed. |
Basis of presentation | B. Basis of presentation The accompanying consolidated financial statements are expressed in U.S. Dollars and have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). |
Principles of consolidation | C. Principles of consolidation The consolidated financial statements include the accounts of MTSS and its subsidiaries. All significant inter-company accounts and transactions have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of these subsidiaries. MTSS’s subsidiaries as of March 31, 2024 are listed as follows: Name Place of Attributable equity Authorized Maitong Sunshine Cultural Development Co., Limited Samoa 100 USD$ 1,000,000 Maitong Sunshine Cultural Development Co., Limited Hong Kong 100 HKD$ 10,000 Beijing Tongzhilian Cultural Development Co., Ltd China 100 RMB 1,000,000 |
Use of estimates | D. Use of estimates The preparation of 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, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. Actual results could differ from these estimates. |
Functional currency and foreign currency translation | E. Functional currency and foreign currency translation An entity’s functional currency is the currency of the primary economic environment in which it operates. Normally that is the currency of the environment in which the entity primarily generates and expends cash. Management’s judgment is essential to determining the functional currency by assessing various indicators, such as cash flows, sales price and market, expenses, financing and inter-company transactions and arrangements. Based on that assessment, the functional currency of the Company is the Chinese Renminbi (“RMB’). The functional currency of MTSS HK is the Hong Kong Dollar and the functional currency of MTSS Samoa and MTSS is the United States dollar (“US Dollars” or “$”). The reporting currency of these consolidated financial statements is in US Dollars. The financial statements of MTSS’s subsidiaries, which are prepared using the RMB, are translated into the Company’s reporting currency, the US Dollar. Assets and liabilities are translated using the exchange rate at each reporting period end date. Revenue and expenses are translated using weighted average rates prevailing during each reporting period, and stockholders’ equity (deficit) is translated at historical exchange rates. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income or expense. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transactions. Foreign currency exchange gains and losses resulting from these transactions are included in operations. The exchange rates used for foreign currency translation are as follows: For the (USD to Assets and liabilities period end exchange rate 7.2221/7.8253 Revenue and expenses period weighted average 7.1828/7.8170 |
Concentration of credit risk | F. Concentration of credit risk Financial instruments that potentially subject the Company to concentrations of credit risk are due from related parties and other receivables arising from its normal business activities. The carrying amounts of these financial instruments represent the maximum amount of loss due to credit risk. The deposits placed with financial institutions are not protected by statutory or commercial insurance. In the event of bankruptcy of one of these financial institutions, the Company may be unlikely to reclaim its deposits in full. Management believes that these financial institutions are of high credit quality and continually monitors the credit worthiness of these financial institutions. The Company places its cash in what it believes to be credit-worthy financial institutions. The Company has a diversified customer base. The majority of sales are cash receipt in advance. For those credit sales, the Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited. For the six months ended March 31, 2024, the Company had 4 major customers that accounted for over 10% of its total revenue. Six Months Ended Revenue Percentage of Customer A $ 52,380 20 % Customer B 41,651 16 % Customer C 34,461 13 % Customer D 27,569 10 % For the six months ended March 31, 2024, the Company had 1 major supplier that accounted for over 10% of its total cost of revenue. Six Months Ended Cost of Percentage of Supplier A $ 160,564 99 % |
Fair value measurements | G. Fair value measurements The Company applies the provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 820, Fair Value Measurements Fair value is defined as the price that would be received when selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining the fair value for the assets and liabilities required or permitted to be recorded, the Company considers the principal or most advantageous market in which it would transact, and it considers assumptions that market participants would use when pricing the asset or liability. ASC 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes three levels of inputs that may be used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices, other than those in Level 1, in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability, Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). There were no transfers between level 1, level 2 or level 3 measurements for the six months ended March 31, 2024. Financial assets and liabilities of the Company primarily comprise of accrued expenses, other payables and due to related parties. As of March 31, 2024, the carrying values of these financial instruments approximated their fair values due to the short-term maturity of these instruments. |
Segment information and geographic data | H. Segment information and geographic data The Company is operating in one segment in accordance with the accounting guidance in FASB ASC Topic 280, Segment Reporting |
Revenue recognition | I. Revenue recognition The Company adopted FASB ASC Section 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the sales of products and services by applying the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied. The Company recognizes revenue when the amount of revenue can be reliably measured, it is probable that economic benefits will flow to the entity, and specific criteria have been met for each of the Company’s activities as described below. Service Revenue The Company provides cultural tourism services and small-scale training services. The Company’s policy is to recognize revenue at that time the services have been sold and the risk of loss has been transferred to the customer. Accordingly, revenue is recognized at the point in time when the service is provided. Cost of service revenue consists primarily of the purchase cost, staff cost and other cost to fulfill a contract with a customer. |
Income taxes | J. Income taxes The Company follows FASB ASC Section 740, Income Taxes ASC 740-10-30 requires income tax positions to meet a more-likely-than-not recognition threshold to be recognized in the financial statements. Under ASC 740-10-30, tax positions that previously failed to meet the more-likely-than-not threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. The application of tax laws and regulations is subject to legal and factual interpretation, judgment and uncertainty. Tax laws and regulations themselves are subject to change as a result of changes in fiscal policy, changes in legislation, the evolution of regulations and court rulings. Therefore, the actual liability may be materially different from our estimates, which could result in the need to record additional tax liabilities or potentially reverse previously recorded tax liabilities or the deferred tax asset valuation allowance. |
Earnings (loss) per share | K. Earnings (loss) per share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260, Earnings Per Share Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of contracts to issue ordinary common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. The computation of diluted EPS includes the estimated impact of the exercise of contracts to purchase common stock using the treasury stock method and the potential shares of converted common stock associated with the convertible debt using the if-converted method. Potential common shares that have an anti-dilutive effect (i.e., those that increase earnings per share or decrease loss per share) are excluded from the calculation of diluted EPS. |
Leases | L. Leases In February 2016, the FASB issued ASU 2016-02–Leases (Topic 842), which increases transparency and comparability among organizations by recognizing right-of-use (“ROU”) lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The ASU maintains a distinction between finance leases and operating leases, which is substantially similar to the classification criteria for distinguishing between capital leases and operating leases in the previous lease guidance. Retaining this distinction allows the recognition, measurement and presentation of expenses and cash flows arising from a lease to remain similar to the previous accounting treatment. A lessee is permitted to make an accounting policy election by class of underlying asset to exclude from balance sheet recognition any lease assets and lease liabilities with a term of 12 months or less, and instead to recognize lease expense on a straight-line basis over the lease term. For both financing and operating leases, the ROU asset and lease liability is initially measured at the present value of the lease payments in the consolidated balance sheet. In July 2018, the FASB issued ASU 2018-11 which provides entities with the option to initially apply the new lease standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption, if necessary. |
Recently adopted accounting pronouncements | M. Recently adopted accounting pronouncements We do not believe that any recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the consolidated financial position, statements of operations and cash flows. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Mar. 31, 2024 | |
Summary of Significant Accounting Policies [Abstract] | |
Schedule of MTSS’s Subsidiaries | MTSS’s subsidiaries as of March 31, 2024 are listed as follows: Name Place of Attributable equity Authorized Maitong Sunshine Cultural Development Co., Limited Samoa 100 USD$ 1,000,000 Maitong Sunshine Cultural Development Co., Limited Hong Kong 100 HKD$ 10,000 Beijing Tongzhilian Cultural Development Co., Ltd China 100 RMB 1,000,000 |
Schedule of Exchange Rates Used for Foreign Currency Translation | The exchange rates used for foreign currency translation are as follows: For the (USD to Assets and liabilities period end exchange rate 7.2221/7.8253 Revenue and expenses period weighted average 7.1828/7.8170 |
Schedule of Major Customers and Supplier | For the six months ended March 31, 2024, the Company had 4 major customers that accounted for over 10% of its total revenue. Six Months Ended Revenue Percentage of Customer A $ 52,380 20 % Customer B 41,651 16 % Customer C 34,461 13 % Customer D 27,569 10 % For the six months ended March 31, 2024, the Company had 1 major supplier that accounted for over 10% of its total cost of revenue. Six Months Ended Cost of Percentage of Supplier A $ 160,564 99 % |
Prepayments (Tables)
Prepayments (Tables) | 6 Months Ended |
Mar. 31, 2024 | |
Prepayments [Abstract] | |
Schedule of Prepayments | At March 31, 2024, prepayments consisted of: March 31, September 30, 2024 2023 Jinjiu International Consulting Services (Beijing) Co., Ltd $ 38,770 $ - Total Prepayments $ 38,770 $ - |
Other Receivables (Tables)
Other Receivables (Tables) | 6 Months Ended |
Mar. 31, 2024 | |
Other Receivables [Abstract] | |
Schedule of Other Receivables | At March 31, 2024 and September 30, 2023, other receivables consisted of: March 31, September 30, 2024 2023 Collected money on behalf of the company by employee $ - $ 1,141 Total other receivables $ - $ 1,141 |
Capital Stock Subscription Re_2
Capital Stock Subscription Receivable (Tables) | 6 Months Ended |
Mar. 31, 2024 | |
Capital Stock Subscription Receivable [Abstract] | |
Schedule of Capital Stock Subscription Receivable | Capital stock subscription receivable consists of the following: Name March 31, September 30, Huang Fang $ - $ 60,000 Total $ - $ 60,000 |
Due to Related Parties (Tables)
Due to Related Parties (Tables) | 6 Months Ended |
Mar. 31, 2024 | |
Due to Related Parties [Abstract] | |
Schedule of Due to Related Parties | Due to related parties consists of the following: Name of related party March 31, 2024 September 30, Beijing Devoter Oriental Co., Ltd. $ 9,626 $ 9,626 Huang Fang 93,829 - Total $ 103,455 $ 9,626 |
Accrued Expenses (Tables)
Accrued Expenses (Tables) | 6 Months Ended |
Mar. 31, 2024 | |
Accrued Expenses [Abstract] | |
Schedule of Accrued Expenses | At March 31, 2024 and September 30, 2023, accrued expenses consisted of: March 31, September 30, 2024 2023 Audit fee $ 3,000 $ 30,000 Payroll payable 9,790 790 Social security payable 2,625 - Total accrued expenses $ 15,415 $ 30,790 |
Lease (Tables)
Lease (Tables) | 6 Months Ended |
Mar. 31, 2024 | |
Lease [Abstract] | |
Schedule of Consolidated Balance Sheet | As of March 31, 2024, the Company has the following amounts recorded on the Company’s consolidated balance sheet: March 31, 2024 Assets Right-of-use asset $ 23,725 Total $ 23,725 Liabilities Operating lease liability, current $ 23,725 Operating lease liability, less current portion - Total $ 23,725 |
Schedule of Future Annual Minimum Lease Payments | Future annual minimum lease payments for non-cancellable operating leases are as follows: Period Ending March 31 2024 $ 17,973 Thereafter 5,991 Total 23,964 Less: imputed interest 239 Total $ 23,725 |
Income Taxes (Tables)
Income Taxes (Tables) | 6 Months Ended |
Mar. 31, 2024 | |
Income Taxes [Abstract] | |
Schedule of Loss Before Income Taxes for Domestic and Foreign Locations | A reconciliation of loss before income taxes for domestic and foreign locations for the six months ended March 31, 2024 is as follows: For the Ended 2024 United States $ 69,242 Foreign 7,793 Loss before income taxes $ 77,035 |
Schedule of U.S. Federal Statutory Income Tax Rate | The difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows: March 31, 2024 Income tax (benefit) at USA statutory rate 21 % U.S. valuation allowance (21 )% Effective combined tax rate 0 % Taxable income of PRC company has been increased by $5,632 after excluding non-deductible expenses. The difference between the PRC statutory income tax rate and the PRC effective tax rate was as follows: March 31, 2024 Income tax (benefit) at PRC statutory rate 25 % PRC valuation allowance 39 % Tax preference (51 )% Effective combined tax rate 13 % |
Schedule of Presents Earliest Tax year | The table below presents the earliest tax year that remain subject to examination by major jurisdiction. The year as of U.S. Federal September 30, 2023 China December 31, 2023 |
Basic and Diluted Earnings Pe_2
Basic and Diluted Earnings Per Share (Tables) | 6 Months Ended |
Mar. 31, 2024 | |
Basic and Diluted Earnings Per Share [Abstract] | |
Schedule of Basic and Diluted Earnings Per Share Computations for Income from Continuing Operations | The reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for income from continuing operations is shown as follows: For the For the 2024 2024 Numerator: Net loss attributable to common stockholders $ (77,402 ) $ (24,908 ) Denominator: Basic and diluted weighted-average number of shares outstanding 50,301,639 $ 60,000,000 Net income per share: Basic and diluted $ (0.002 ) $ (0.000 ) |
Nature of Operations and Basi_2
Nature of Operations and Basis of Presentation (Details) - shares | Mar. 31, 2024 | Nov. 27, 2023 | Oct. 11, 2023 | Sep. 30, 2023 | Sep. 13, 2023 |
Nature of Operations and Basis of Presentation (Details) [Line Items] | |||||
Common stock shares outstanding (in Shares) | 60,000,000 | 60,000,000 | |||
Maitong Sunshine Cultural Development Co Limited Samoa [Member] | |||||
Nature of Operations and Basis of Presentation (Details) [Line Items] | |||||
Ownership interest percentage | 100% | ||||
Maitong Sunshine Cultural Development Co Limited Hong Kong [Member] | |||||
Nature of Operations and Basis of Presentation (Details) [Line Items] | |||||
Ownership interest percentage | 100% | ||||
Beijing Tongzhilian Cultural Development Co Limited Tongzhilian [Member] | |||||
Nature of Operations and Basis of Presentation (Details) [Line Items] | |||||
Ownership interest percentage | 100% | ||||
Common Stock [Member] | Maitong Sunshine Cultural Development Co Limited Samoa [Member] | |||||
Nature of Operations and Basis of Presentation (Details) [Line Items] | |||||
Common stock shares outstanding (in Shares) | 60,000,000 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details) | Mar. 31, 2024 |
MTSS’s Subsidiaries [Member] | |
Summary of Significant Accounting Policies (Details) [Line Items] | |
Subsidiary ownership percentage | 100% |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details) - Schedule of MTSS’s Subsidiaries | 6 Months Ended |
Mar. 31, 2024 shares | |
Maitong Sunshine Cultural Development Co., Limited [Member] | |
Schedule of MTSS’s Subsidiaries [Line Items] | |
Place of Incorporation | Samoa |
Attributable equity interest % | 100% |
Authorized capital | 1,000,000 |
Maitong Sunshine Cultural Development Co., Limited [Member] | |
Schedule of MTSS’s Subsidiaries [Line Items] | |
Place of Incorporation | Hong Kong |
Attributable equity interest % | 100% |
Authorized capital | 10,000 |
Beijing Tongzhilian Cultural Development Co., Ltd [Member] | |
Schedule of MTSS’s Subsidiaries [Line Items] | |
Place of Incorporation | China |
Attributable equity interest % | 100% |
Authorized capital | 1,000,000 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies (Details) - Schedule of Exchange Rates Used for Foreign Currency Translation | 6 Months Ended |
Mar. 31, 2024 | |
Assets and liabilities [Member] | USD to RMB [Member] | |
Schedule of Exchange Rates Used for Foreign Currency Translation [Line Items] | |
period end exchange rate | 7.2221 |
Assets and liabilities [Member] | USD to HKD [Member] | |
Schedule of Exchange Rates Used for Foreign Currency Translation [Line Items] | |
period end exchange rate | 7.8253 |
Revenue and expenses [Member] | USD to RMB [Member] | |
Schedule of Exchange Rates Used for Foreign Currency Translation [Line Items] | |
period weighted average | 7.1828 |
Revenue and expenses [Member] | USD to HKD [Member] | |
Schedule of Exchange Rates Used for Foreign Currency Translation [Line Items] | |
period weighted average | 7.817 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies (Details) - Schedule of Major Customers and Supplier | 6 Months Ended |
Mar. 31, 2024 USD ($) | |
Customer Concentration Risk [Member] | Customer A [Member] | Revenue [Member] | |
Concentration Risk [Line Items] | |
Revenue | $ 52,380 |
Percentage of revenue | 20% |
Customer Concentration Risk [Member] | Customer B [Member] | Revenue [Member] | |
Concentration Risk [Line Items] | |
Revenue | $ 41,651 |
Percentage of revenue | 16% |
Customer Concentration Risk [Member] | Customer C [Member] | Revenue [Member] | |
Concentration Risk [Line Items] | |
Revenue | $ 34,461 |
Percentage of revenue | 13% |
Customer Concentration Risk [Member] | Customer D [Member] | Revenue [Member] | |
Concentration Risk [Line Items] | |
Revenue | $ 27,569 |
Percentage of revenue | 10% |
Supplier Concentration Risk [Member] | Cost of Revenue [Member] | Supplier A [Member] | |
Concentration Risk [Line Items] | |
Percentage of revenue | 99% |
Cost of revenue | $ 160,564 |
Prepayments (Details) - Schedul
Prepayments (Details) - Schedule of Prepayments - USD ($) | Mar. 31, 2024 | Sep. 30, 2023 |
Prepayments (Details) - Schedule of Prepayments [Line Items] | ||
Total Prepayments | $ 38,770 | |
Jinjiu International Consulting Services (Beijing) Co., Ltd [Member] | ||
Prepayments (Details) - Schedule of Prepayments [Line Items] | ||
Total Prepayments | $ 38,770 |
Other Receivables (Details) - S
Other Receivables (Details) - Schedule of Other Receivables - USD ($) | Mar. 31, 2024 | Sep. 30, 2023 |
Schedule of Other Receivables [Abstract] | ||
Collected money on behalf of the company by employee | $ 1,141 | |
Total other receivables | $ 1,141 |
Capital Stock Subscription Re_3
Capital Stock Subscription Receivable (Details) - USD ($) | 6 Months Ended | ||
Mar. 31, 2024 | Sep. 30, 2023 | Sep. 07, 2023 | |
Capital Stock Subscription Receivable (Details) [Line Items] | |||
Personal promissory note | $ 60,000 | ||
Capital stock subscription receivable | $ 60,000 | ||
Maitong-Samoa [Member] | |||
Capital Stock Subscription Receivable (Details) [Line Items] | |||
Shareholders purchased the authorized shares value | $ 60,000 | ||
Note payable to Maitong-Samoa | $ 60,000 |
Capital Stock Subscription Re_4
Capital Stock Subscription Receivable (Details) - Schedule of Capital Stock Subscription Receivable - USD ($) | Mar. 31, 2024 | Sep. 30, 2023 |
Capital Stock Subscription Receivable (Details) - Schedule of Capital Stock Subscription Receivable [Line Items] | ||
Total capital stock subscription receivable | $ 60,000 | |
Huang Fang [Member] | ||
Capital Stock Subscription Receivable (Details) - Schedule of Capital Stock Subscription Receivable [Line Items] | ||
Total capital stock subscription receivable | $ 60,000 |
Due to Related Parties (Details
Due to Related Parties (Details) - USD ($) | Mar. 31, 2024 | Sep. 30, 2023 |
Beijing Devoter Oriental Co. Ltd. [Member] | ||
Due to Related Parties [Line Items] | ||
Due to related parties | $ 9,626 | $ 9,626 |
Huang Fang [Member] | ||
Due to Related Parties [Line Items] | ||
Due to related parties | $ 93,829 |
Due to Related Parties (Detai_2
Due to Related Parties (Details) - Schedule of Due to Related Parties - USD ($) | Mar. 31, 2024 | Sep. 30, 2023 |
Beijing Devoter Oriental Co. Ltd. [Member] | ||
Schedule of Due to Related Parties [Line Items] | ||
Due to related parties | $ 9,626 | $ 9,626 |
Huang Fang [Member] | ||
Schedule of Due to Related Parties [Line Items] | ||
Due to related parties | 93,829 | |
Related Party [Member] | ||
Schedule of Due to Related Parties [Line Items] | ||
Due to related parties | $ 103,455 | $ 9,626 |
Accrued Expenses (Details)
Accrued Expenses (Details) - USD ($) | Mar. 31, 2024 | Sep. 30, 2023 |
Accrued Expenses [Abstract] | ||
Payable to auditor fees | $ 3,000 | $ 30,000 |
Payroll payable current | 9,790 | 790 |
Social security payable | $ 2,625 |
Accrued Expenses (Details) - Sc
Accrued Expenses (Details) - Schedule of Accrued Expenses - USD ($) | Mar. 31, 2024 | Sep. 30, 2023 |
Accrued Expenses [Abstract] | ||
Audit fee | $ 3,000 | $ 30,000 |
Payroll payable | 9,790 | 790 |
Social security payable | 2,625 | |
Total accrued expenses | $ 15,415 | $ 30,790 |
Lease (Details)
Lease (Details) | 6 Months Ended | ||
Sep. 01, 2023 USD ($) m² | Sep. 01, 2023 CNY (¥) m² | Mar. 31, 2024 USD ($) | |
Lease [Abstract] | |||
Office space (in Square Meters) | m² | 144 | 144 | |
Lease payments | $ 44,482 | ¥ 324,506 | |
Lease amortization expense | $ | $ 17,535 |
Lease (Details) - Schedule of C
Lease (Details) - Schedule of Consolidated Balance Sheet - USD ($) | Mar. 31, 2024 | Sep. 30, 2023 |
Assets | ||
Right-of-use asset | $ 23,725 | $ 40,752 |
Total | 23,725 | 40,752 |
Liabilities | ||
Operating lease liability, current | 23,725 | 34,830 |
Operating lease liability, less current portion | $ 5,922 | |
Total | $ 23,725 |
Lease (Details) - Schedule of F
Lease (Details) - Schedule of Future Annual Minimum Lease Payments | Mar. 31, 2024 USD ($) |
Schedule of Future Annual Minimum Lease Payments [Abstract] | |
2024 | $ 17,973 |
Thereafter | 5,991 |
Total | 23,964 |
Less: imputed interest | 239 |
Total | $ 23,725 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) | 3 Months Ended | 6 Months Ended |
Mar. 31, 2024 | Mar. 31, 2024 | |
Income Taxes [Line Items] | ||
Accrued for income taxes | $ 282 | $ 367 |
Non-deductible expenses | 5,632 | |
Incurred losses | $ (69,242) | |
UNITED STATES | ||
Income Taxes [Line Items] | ||
Tax rate | 21% | |
Incurred losses | $ 69,242 | |
Valuation allowance, percentage | 100% | |
Valuation allowance | $ 20,841 | |
Valuation allowance increased | $ 14,541 | |
Hong Kong [Member] | ||
Income Taxes [Line Items] | ||
Applicable statutory tax rate | 16.50% | |
China [Member] | ||
Income Taxes [Line Items] | ||
Tax rate | 25% |
Income Taxes (Details) - Schedu
Income Taxes (Details) - Schedule of Loss Before Income Taxes for Domestic and Foreign Locations - USD ($) | 3 Months Ended | 6 Months Ended |
Mar. 31, 2024 | Mar. 31, 2024 | |
Schedule of Loss Before Income Taxes for Domestic and Foreign Locations [Abstract] | ||
United States | $ 69,242 | |
Foreign | 7,793 | |
Loss before provision for income taxes | $ 24,626 | $ 77,035 |
Income Taxes (Details) - Sche_2
Income Taxes (Details) - Schedule of U.S. Federal Statutory Income Tax Rate | 6 Months Ended |
Mar. 31, 2024 | |
U.S. Federal [Member] | |
Effective Income Tax Rate Reconciliation [Line Items] | |
Income tax (benefit) statutory rate | 21% |
Valuation allowance | (21.00%) |
Effective combined tax rate | 0% |
PRC statutory income tax rate [Member] | |
Effective Income Tax Rate Reconciliation [Line Items] | |
Income tax (benefit) statutory rate | 25% |
Valuation allowance | 39% |
Tax preference | (51.00%) |
Effective combined tax rate | 13% |
Income Taxes (Details) - Sche_3
Income Taxes (Details) - Schedule of Presents Earliest Tax Year | 6 Months Ended |
Mar. 31, 2024 | |
Tax Year September 30 2023 [Member] | U.S. Federal [Member] | |
Schedule of Presents Earliest Tax Year [Line Items] | |
Tax year | Sep. 30, 2023 |
Tax Year December 31, 2023 [Member] | China [Member] | |
Schedule of Presents Earliest Tax Year [Line Items] | |
Tax year | Dec. 31, 2023 |
Basic and Diluted Earnings Pe_3
Basic and Diluted Earnings Per Share (Details) - Schedule of Basic and Diluted Earnings Per Share Computations for Income from Continuing Operations - USD ($) | 3 Months Ended | 6 Months Ended | |
Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2024 | |
Numerator: | |||
Net loss attributable to common stockholders | $ (24,908) | $ (52,494) | $ (77,402) |
Denominator: | |||
Basic weighted-average number of shares outstanding | 60,000,000 | 50,301,639 | |
Net income per share: | |||
Basic | $ 0 | $ (0.002) |
Basic and Diluted Earnings Pe_4
Basic and Diluted Earnings Per Share (Details) - Schedule of Basic and Diluted Earnings Per Share Computations for Income from Continuing Operations (Parentheticals) - $ / shares | 3 Months Ended | 6 Months Ended |
Mar. 31, 2024 | Mar. 31, 2024 | |
Schedule of Basic and Diluted Earnings Per Share Computations for Income from Continuing Operations [Abstract] | ||
Diluted weighted-average number of shares outstanding | 60,000,000 | 50,301,639 |
Diluted | $ 0 | $ (0.002) |