| ADVANCE TO SUPPLIERS, NET |
NOTE 6 - ADVANCE TO SUPPLIERS, NET
Advance to suppliers, net consisted of the following:
SCHEDULE OF ADVANCE TO SUPPLIERS, NET
| | |
2025 | | |
2024 | |
| | |
As of September 30, | |
| | |
2025 | | |
2024 | |
| Advance for products and services from third parties | |
$ | 7,728,834 | | |
$ | 7,565,683 | |
| Less: allowance for expected credit losses | |
| (3,196,567 | ) | |
| (1,669,088 | ) |
| Advance to suppliers, net | |
$ | 4,532,267 | | |
$ | 5,896,595 | |
The movement of allowance for credit losses for the
years ended September 30, 2025, 2024 and 2023 was as follows:
SCHEDULE
OF MOVEMENT OF ALLOWANCE FOR CREDIT LOSS ADVANCE TO SUPPLIER
| | |
2025 | | |
2024 | | |
2023 | |
| Balance at beginning
of the year | |
$ | 1,669,088 | | |
$ | 599,482 | | |
$ | 562,848 | |
| Current year addition | |
| 1,550,523 | | |
| 1,054,857 | | |
| 42,905 | |
| Exchange
differences | |
| (23,044 | ) | |
| 14,749 | | |
| (6,271 | ) |
| Balance
at end of the year | |
$ | 3,196,567 | | |
$ | 1,669,088 | | |
$ | 599,482 | |
|