| Schedule of Property, Plant and Equipment, Net |
As
of September 30, 2024 and March 31, 2025, property, plant and equipment, net consisted of the following:
| | |
As of
September 30,
2024 | | |
As of
March 31,
2025 | |
| | |
| | |
(Unaudited) | |
| Construction in progress (1) | |
$ | 7,766,316 | | |
$ | 7,950,283 | |
| Vehicles | |
| 116,328 | | |
| 112,495 | |
| Furniture, fixtures and office equipment | |
| 25,044 | | |
| 25,789 | |
| Subtotal | |
| 7,907,688 | | |
| 8,088,567 | |
| Less: accumulated depreciation | |
| (63,122 | ) | |
| (76,278 | ) |
| Property, plant and equipment, net | |
$ | 7,844,566 | | |
$ | 8,012,289 | |
| (1) | Addition
of $3,017,458 and $183,967 is related to the construction of Changzhou manufacturing plants incurred for the six months ended March 31,
2024 and 2025, respectively. For the six months ended March 31, 2024 and 2025, $142,079 and $179,787 of interest expense from the long-term
borrowings from Bank of Jiangnan was capitalized in the construction of Changzhou manufacturing plant respectively. |
|