Notes Receivable, Net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes Receivable, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NOTES RECEIVABLE, NET | NOTE 4 – NOTES RECEIVABLE, NET
Notes receivable, net as of March 31, 2025 and September 30, 2024 consisted of the following:
Changes in the allowance for credit losses as of March 31, 2025 and September 30, 2024 are as follow:
Notes receivable consisted of bank acceptance notes and commercial acceptance notes. These notes with 3-6 months maturity dates were issued by customers to pay their payable balances to the Company. Factored notes receivable with recourse amounted $2,492,833 and $1,249,765 were recorded as short-term borrowings as of March 31, 2025 and September 30, 2024, respectively. |
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