| Schedule of Prepayments and Other Current Assets, Net |
Prepayments and other current assets, net consist
of the following:
| | |
As of September 30, | |
| | |
2024 | | |
2023 | |
| Tax refunds(1) | |
$ | 402,048 | | |
$ | 512,292 | |
| Deposits | |
| 436,450 | | |
| 204,652 | |
| Advance to suppliers | |
| 35,128 | | |
| 324,243 | |
| Prepaid expenses(2) | |
| 1,808,887 | | |
| 8,224 | |
| Others | |
| 7,068 | | |
| 4,276 | |
| Prepayments and other current assets, net | |
$ | 2,689,581 | | |
$ | 1,053,687 | |
| (1) | Tax refunds consist of consumption tax and VAT refund for export business. The Group is eligible for consumption tax and VAT refund for cross-border products sales in Japan and China. | | | | | (2) | The Company signed a service agreement with consulting management company Hermann Limited in December 2023, providing corporate management and investment and financing consulting services for the company for three years, with contract amount of $2,060,000. For the year ended September 30, 2024, the amortized expense amount is $572,222, and the remaining amount is $1,487,778. The other $315,908 is the prepaid service fee for issuing convertible bonds. The rest amount of $5,201 is for other prepaid network and software expenses. |
|