Borrowings |
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| Borrowings [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BORROWINGS |
As of March 31, 2026 and September 30, 2025, summary of short-term bank borrowings is as follows:
Interest expenses were $117,902 and $286,827 for the six months ended March 31, 2026 and 2025, respectively. The weighted average interest rates of borrowings outstanding were 3.60% and 4.17% per annum as of March 31, 2026, and 2025, respectively.
The borrowings from Xiaoshan Rural Commercial Bank were secured by the Group’s equipment and building, see Note 6 for further details. |
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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