| PREPAYMENTS AND OTHER ASSETS, NET |
Note 6 —
PREPAYMENTS AND OTHER ASSETS, NET
Prepayments and
other assets, net consisted of the following:
| | |
March 31, 2025 | | |
September 30,
2024 | |
| Prepaid rents | |
$ | 6,942 | | |
$ | 12,273 | |
| Prepaid service fee (a) | |
| 76,860 | | |
| 145,094 | |
| E-commerce business (b) | |
| 10,427,217 | | |
| 2,133,498 | |
| Advance to employees (c) | |
| 39,375 | | |
| 62,710 | |
| Security deposits | |
| 92,064 | | |
| 73,714 | |
| Prepaid board compensation | |
| 10,000 | | |
| 10,000 | |
| Others (d) | |
| 5,964 | | |
| 3,243 | |
| Prepayment and other assets, net | |
$ | 10,658,422 | | |
$ | 2,440,532 | |
| Including: | |
| | | |
| | |
| Prepayment and other current assets, net | |
$ | 10,622,174 | | |
$ | 2,376,081 | |
| Prepayments and other non-current assets, net | |
$ | 36,248 | | |
$ | 64,451 | |
| (a) | The
prepaid service fee represents the prepayment for third party service, that will be amortized over one to three years. |
| (b) | Prepayment
for e-commerce business primarily included prepayments for goods purchase and advertising. |
| (c) | Advance
to employees was provided to staff for travelling and business-related use and are expensed as incurred. |
| (d) | Others
primarily included funds deposited in payment platforms such as Alipay and WeChat. |
|