| ACCOUNTS RECEIVABLE, NET |
NOTE 4 - ACCOUNTS RECEIVABLE, NET
Accounts receivable, net consisted of the following:
SCHEDULE
OF ACCOUNTS RECEIVABLE
| | |
2025 | | |
2024 | |
| | |
As of September 30, | |
| | |
2025 | | |
2024 | |
| Trade accounts receivable | |
$ | 23,403,393 | | |
$ | 24,220,265 | |
| Less: allowance for expected credit losses | |
| (3,768,902 | ) | |
| (2,393,968 | ) |
| Total accounts receivable, net | |
$ | 19,634,491 | | |
$ | 21,826,297 | |
| Current portion | |
$ | 15,327,945 | | |
$ | 21,826,297 | |
| Non-current portion | |
$ | 4,306,546 | | |
$ | - | |
The non-current portion represents trade receivables to be collected beyond
one year due to the payment terms negotiated between the Company and its customers.
The movement of allowance for expected credit losses for the years
ended September 30, 2025, 2024 and 2023 was as follows:
SCHEDULE
OF ALLOWANCE FOR EXPECTED CREDIT LOSSES
| | |
2025 | | |
2024 | | |
2023 | |
| Balance at beginning of the year | |
$ | 2,393,968 | | |
$ | 2,009,779 | | |
$ | 1,222,983 | |
| Current year addition | |
| 1,407,985 | | |
| 334,743 | | |
| 800,423 | |
| Exchange differences | |
| (33,051 | ) | |
| 49,446 | | |
| (13,627 | ) |
| Balance at end of the year | |
$ | 3,768,902 | | |
$ | 2,393,968 | | |
$ | 2,009,779 | |
|