v3.26.1
Notes Receivable, Net
6 Months Ended
Mar. 31, 2026
Notes Receivable, Net [Abstract]  
NOTES RECEIVABLE, NET

NOTE 4 – NOTES RECEIVABLE, NET

 

Notes receivable, net as of March 31, 2026 and September 30, 2025 consisted of the following:

 

   March 31,
2026
   September 30,
2025
 
Notes receivable  $10,042,159   $8,497,044 
Less: allowance for credit losses   (128,561)   (138,247)
Notes receivable, net  $9,913,598   $8,358,797 

 

Changes in the allowance for credit losses as of March 31, 2026 and September 30, 2025 are as follow:

 

   March 31,
2026
   September 30,
2025
 
Beginning balance  $138,247   $220,503 
Reversal   (13,898)   (78,089)
Exchange difference   4,212    (4,167)
Ending balance  $128,561   $138,247 

 

Notes receivable consisted of bank acceptance notes and commercial acceptance notes. These notes with 3-6 months maturity dates were issued by customers to pay their payable balances to the Company. Factored notes receivable with recourse amounted $3,768,166 and $4,122,341 were recorded as short-term borrowings as of March 31, 2026 and September 30, 2025, respectively.