NOTE
4 - ADVANCE AND PREPAYMENTS
Prepayments
consisted of the following:
SCHEDULE OF PREPAYMENTS
| | |
June 30, | | |
September 30, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Prepaid rent and building management and utilities | |
$ | 1,773 | | |
$ | 13,200 | |
| Prepaid supplies(1) | |
| 9,804 | | |
| 49,495 | |
| Prepaid income tax | |
| 5,119 | | |
| 5,226 | |
| Prepaid professional services(2) | |
| 2,797 | | |
| 104,742 | |
| Prepaid others | |
| 7,517 | | |
| 6,291 | |
| Total prepayments | |
$ | 27,010 | | |
$ | 178,954 | |
| (1) |
|
As
of June 30, 2025 and September 30, 2024, the Company had prepaid supplies of $9,804 and $49,495, respectively. The prepayment will
be recognized in cost of goods sold in its consolidated statement of operations and comprehensive loss when the corresponding deferred
revenue is recognized. |
| (2) |
|
As
of September 30, 2024, the ending balance of prepaid professional services represented $104,742 of legal service fees for our PRC entities. The legal service fees will be amortized to general and administrative expenses using the straight-line method, over the service
periods of October and November 2024.
|
As
of June 30, 2025, the ending balance of prepaid professional services included $2,797 of advertising and promotion fees for our PRC
entities. The advertising and promotion fees will be recognized in the Company’s consolidated statement of operations and comprehensive
loss when the related services are performed.
These
amounts are expected to be recoverable within twelve (12) months.
|