| ADVANCE TO VENDORS, NET |
NOTE 5 — ADVANCE TO VENDORS, NET
Advance to vendors, net consists of the following:
| | |
September 30, | | |
March 31, | |
| | |
2025 | | |
2025 | |
| Prepayment for goods | |
$ | 3,262,248 | | |
$ | 1,703,313 | |
| Other prepayments | |
| 14,511 | | |
| 14,318 | |
| Less: allowance for doubtful accounts | |
| (585,275 | ) | |
| (266,351 | ) |
| Advance to vendors, net | |
$ | 2,691,484 | | |
$ | 1,451,280 | |
Allowance for doubtful accounts for advance to
vendors movement is as follows:
| | |
September 30, | | |
March 31, | |
| | |
2025 | | |
2025 | |
| Beginning balance | |
$ | 266,351 | | |
$ | 175,135 | |
| Additions | |
| 310,532 | | |
| 92,604 | |
| Foreign currency translation adjustments | |
| 8,392 | | |
| (1,388 | ) |
| Ending balance | |
$ | 585,275 | | |
$ | 266,351 | |
|
NOTE 5 —
ADVANCE TO VENDORS, NET
Advance
to vendors, net consists of the following:
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| Prepayment for goods | |
$ | 1,703,313 | | |
$ | 2,007,865 | |
| Other prepayments | |
| 14,318 | | |
| 4,479 | |
| Less: allowance for doubtful accounts | |
| (266,351 | ) | |
| (175,135 | ) |
| Advance to vendors, net | |
$ | 1,451,280 | | |
$ | 1,837,209 | |
Allowance
for doubtful accounts for advance to vendors movement is as follows:
| | |
March 31, | | |
March 31, | |
| | |
2025 | | |
2024 | |
| Beginning balance | |
$ | 175,135 | | |
$ | 254,538 | |
| Additions (reversal) | |
| 92,604 | | |
| (67,570 | ) |
| Foreign currency translation adjustments | |
| (1,388 | ) | |
| (11,833 | ) |
| Ending balance | |
$ | 266,351 | | |
$ | 175,135 | |
|