| RELATED PARTY TRANSACTIONS |
NOTE
13 — RELATED PARTY TRANSACTIONS
a.
Accounts receivable - related parties
Accounts
receivable - related parties consists of the following:
| Name | | Related party relationship | | March 31,
2026 | | | September 30,
2025 | | | Jiangsu Zhongjin Kanglu Information Technology Co., Ltd. | | An entity controlled by the CEO | | $ | 34,239 | | | $ | 104,971 | | | Zhongjin Jingau Rehabilitation Equipment (Beijing) Co. Ltd. | | An entity controlled by the CEO | | | 1,361 | | | | 1,319 | | | Subtotal | | | | | 35,600 | | | | 106,290 | | | Less: allowance for credit losses | | | | | - | | | | - | | | Total accounts receivable, net - related parties | | | | $ | 35,600 | | | $ | 106,290 | |
b.
Due from a related party
Due
from a related party consists of the following:
| Name | | Related party relationship | | March 31,
2026 | | | September 30,
2025 | | | Huaniaoyuan Catering Management (Changzhou) Co. Ltd. | | An entity controlled by the CEO | | $ | 17,853 | | | $ | - | | | Total due from a related party | | | | $ | 17,853 | | | $ | - | |
The
Company paid certain expenses on behalf of its related party. Such amount due from a related party as of March 31, 2026 were non-interest
bearing and repayable upon demand. c.
Advance to suppliers - a related party
Advance
to suppliers - a related party consists of the following:
| Name | | Related party relationship | | March 31,
2026 | | | September 30,
2025 | | | Chushin International Trading Co. Ltd. | | Mr. Erqi Wang is a director of this entity. | | $ | 639,028 | | | $ | - | | | Total advance to suppliers - a related party | | | | $ | 639,028 | | | $ | - | |
d.
Deferred revenue – related parties
Deferred
revenue –related parties consist of the following:
| Name | | Related party relationship | | March 31,
2026 | | | September 30,
2025 | | | Jinmed International Co., Ltd. | | An entity controlled by the CEO | | $ | 122,293 | | | $ | 115,876 | | | Zhongjian Langkang Technology Development (Shanghai) Co., Ltd. | | Mr. Erqi Wang is a director of this entity. | | | 60,092 | | | | - | | | Total deferred revenue - related parties | | | | $ | 182,385 | | | $ | 115,876 | |
e.
Due to related parties
Due
to related parties consists of the following:
| Name | | Related party relationship | | March 31,
2026 | | | September 30,
2025 | | | Mr. Erqi Wang | | CEO and controlling shareholder of the Company | | $ | 710,000 | | | $ | - | | | Shanghai Situma Intelligent Technology Co., Ltd. | | Minority shareholder of Zhongjin Kangma | | | 22,191 | | | | 21,517 | | | Jiangsu Zhongjin Kanglu Information Technology Co., Ltd. | | An entity controlled by the CEO | | | 15,399 | | | | 19,113 | | | Changzhou Zhongjian Kanglu Information Technology Co., Ltd | | An entity controlled by the CEO | | | 869 | | | | 842 | | | Huaniaoyuan Environmental Engineering (Changzhou) Co., Ltd. | | An entity controlled by the CEO | | | 680 | | | | 660 | | | Total due to related parties | | | | $ | 749,139 | | | $ | 42,132 | |
The
balance due to related parties mainly consist of advances from related parties for working capital purposes. These advances are non-interest
bearing and repayable on demand. f.
Revenue from related parties
Revenue
from related parties consists of the following:
| | | | | For the Six Months Ended
March 31, | | | Name | | Related party relationship | | 2026 | | | 2025 | | | Jinmed International Co., Ltd. | | An entity controlled by the CEO | | $ | 79,719 | | | $ | 87,066 | | | Jiangsu Zhongjin Kanglu Information Technology Co., Ltd. | | An entity controlled by the CEO | | | 73,437 | | | | 115,980 | | | Total revenue from related parties | | | | $ | 153,156 | | | $ | 203,046 | |
g.
Purchase from a related party
The
Company made purchases of $556,659 from its related party, Chushin International Trading Co. Ltd., for the six months ended March 31,
2026.
h.
Other related party transactions
Mr.
Erqi Wang provided guarantees in connection with the Company’s short-term bank loans (see Note 10).
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