Related Party Transactions |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RELATED PARTY TRANSACTIONS | NOTE 13 – RELATED PARTY TRANSACTIONS
1) Nature of relationships with related parties:
2) Related party transactions
Six Months Ended March 31, 2026
During the six months ended March 31, 2026, the Company purchased $737,019 raw materials from Taizhou Huadi and fully paid. As of September 30, 2025, the Company had no account payable balance due to this entity.
During the six months ended March 31, 2026, the Company leased an office to Huashang with annual rent amounted $26,870, and the Company recorded $13,780 rental income. As of March 31, 2026, the Company had advance balance of $20,655 from this entity.
During the six months ended March 31, 2026, the Company repaid RMB 1,817,794 ($259,459 in USD) to Jueqin Wang. The borrowing was made in previous years to support the Company’s operations, which was unsecured, due on demand, and interest free. As of March 31, 2026, the company had no outstanding balance due to Jueqin Wang. Six Months Ended March 31, 2025
During the six months ended March 31, 2025, the Company purchased $2,769,266 in raw materials from Taizhou Huadi.
During the six months ended March 31, 2025, the Company leased an office to Huashang with annual rent amounted $27,337, and the Company recorded $12,131 rental income. As of March 31, 2025, the Company had advance balance of $20,616 from this entity.
3) Related party balances
Net outstanding balances with related parties consisted of the following as of March 31, 2026 and September 30, 2025:
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