10. LEASING
The Group has operating leases for offices and
warehouses. The balances for the operating leases where the Group is the lessee are presented as follows within the consolidated balance
sheets:
| | |
As of
March 31,
2026 | | |
As of
September 30,
2025 | |
| Operating lease right-of-use assets, net | |
$ | 426,611 | | |
$ | 405,984 | |
| Operating lease liabilities-current | |
| 192,434 | | |
| 148,227 | |
| Operating lease liabilities-non-current | |
| 251,043 | | |
| 263,983 | |
| Total operating lease liabilities | |
$ | 443,477 | | |
$ | 412,210 | |
The components of lease expenses were as follows:
| | |
For the
six months
ended
March 31,
2026 | | |
For the
six months
ended
March 31,
2025 | |
| Lease cost | |
| | |
| |
| Amortization of right-of-use assets | |
$ | 96,984 | | |
$ | 114,791 | |
| Interest of operating lease liabilities | |
| 6,972 | | |
| 11,730 | |
| Total lease cost | |
$ | 103,956 | | |
$ | 126,521 | |
The weighted average remaining lease term was
approximately 2.74 years as of March 31, 2026, and the weighted average discount rate was 3.16% for the six months ended March 31, 2026.
The maturities of lease liabilities in accordance
with Leases (ASC 842) in each of the next five years as of March 31, 2026 were as follows:
| | |
USD | |
| 2026 | |
| 101,483 | |
| 2027 | |
| 202,966 | |
| 2028 | |
| 154,939 | |
| 2029 | |
| — | |
| 2030 | |
| — | |
| Total minimum lease payments | |
| 459,388 | |
| | |
| | |
| Less: Interest | |
| (15,911 | ) |
| Present value of lease obligations | |
| 443,477 | |
| Less: Current portion | |
| 192,434 | |
| Non - current portion of lease obligations | |
| 251,043 | |
|