Note 5 – Deposits
The deposits consist of non-refundable deposit
for the land to be purchased at Kuantan Integrated Industrial Park and the professional fee related to it, refundable deposit for the
rent of photocopiers and installation cost for the factory equipment in Shah Alam factory. See Note 12 for further discussion.
| Deposit allocation | | Nature | | As of
September 30,
2024 | | | As of
September 30,
2023 | | | | | | | | | | | | | Land to be purchased at Kuantan Integrated Industrial Park * | | Non-refundable | | $ | — | | | $ | 80,989 | | | Professional service in building Kuantan factory * | | Non-refundable | | | — | | | | 46,462 | | | Public Relations Consulting Services | | Refundable | | | 29,112 | | | | — | | | Photocopiers rent for offices use | | Refundable | | | 776 | | | | 213 | | | Total other receivables and other current assets, net | | | | $ | 29,888 | | | $ | 127,664 | |
| * | Written off during the year due to the termination of
Sale and Purchase of Land Agreement |
|