| Schedule of Long-Term Investments |
Long-term investments consisted of the following
as of March 31, 2026 and September 30, 2025:
| | |
March 31,
2026 | | |
September 30,
2025 | |
| Huashang Micro Finance Co. | |
$ | 5,508,843 | | |
$ | 5,337,828 | |
| Longwan Rural Commercial Bank | |
| 6,521,021 | | |
| 6,318,584 | |
| Wenzhou Longlian Development Co., Ltd | |
| 1,208,089 | | |
| 1,170,586 | |
| Long-term investment Cost | |
$ | 13,237,953 | | |
$ | 12,826,998 | |
| Less: provision for impairment | |
| (1,208,089 | ) | |
| (1,170,586 | ) |
| Long-term investment | |
$ | 12,029,864 | | |
$ | 11,656,412 | |
|
| Schedule of Provision for Impairment |
Changes of provision for impairment are as follow:
| | |
March 31,
2026 | | |
September 30,
2025 | |
| Beginning balance | |
$ | 1,170,586 | | |
$ | - | |
| Addition | |
| - | | |
| 1,155,411 | |
| Exchange difference | |
| 37,503 | | |
| 15,175 | |
| Ending balance | |
$ | 1,208,089 | | |
$ | 1,170,586 | |
|