As
of September 30, 2024 and March 31, 2025, other non-current assets consisted of the following:
| | |
As of
September 30,
2024 | | |
As of
March 31,
2025 | |
| | |
| | |
(Unaudited) | |
| Prepayment for purchase of customized equipment | |
$ | 7,257,752 | | |
$ | 7,018,617 | |
| Prepaid construction fee | |
| 1,238,336 | | |
| 2,492,343 | |
| Long-term security deposit for land use right (1) | |
| 630,504 | | |
| 609,730 | |
| Other non-current assets | |
$ | 9,126,592 | | |
$ | 10,120,690 | |
| (1) | The
balance is the long-term security deposit to the Bureau of Finance in Wujin Technology Industrial District guaranteeing the Company’s
investment in the construction of Changzhou manufacturing plants. |
|