v3.26.1
Concentrations
 6 Months Ended
Mar. 31, 2026
Concentrations [Abstract]  
CONCENTRATIONS

21. CONCENTRATIONS

 

Concentrations of credit risk

 

As of September 30, 2025 and March 31, 2026 cash, cash equivalents and restricted cash balances in the PRC was $517,338 and $790,507, respectively, which were primarily deposited in financial institutions located in PRC, and each bank account is insured by the government authority with the maximum limit of RMB500,000 ($71,366). To limit exposure to credit risk relating to deposits, the Group primarily place cash and cash equivalent deposits with large financial institutions in PRC which management believes are of high credit quality and management also continually monitors the financial institutions’ credit worthiness.

 

Concentrations of customers

 

The following table sets forth information as to each customer that accounted for 10% or more of total accounts receivable as of September 30, 2025 and March 31, 2026.

 

   As of September 30, 2025   As of March 31, 2026 
Customer  Amount   % of
Total		   Amount   % of
Total		 
           (Unaudited) 
A  $2,774,919    24%  $2,223,914    30%
B   2,727,840    24%   2,203,297    29%
C   2,457,178    21%   *    * 
D   2,000,910    17%   1,283,554    17%
E   *    *    823,268    11%
Total  $9,960,847    86%  $6,534,033    87%

 

* The percentage is below 10%

 

The following table sets forth information as to each customer that accounted for 10% or more of total advances from customers as of September 30, 2025 and March 31, 2026.

 

   As of September 30, 2025   As of March 31, 2026 
Customer  Amount   % of
Total		   Amount   % of
Total		 
           (Unaudited) 
F  $73,873    46%  $
-
    
-
 
G   *    *    13,711    11%
Total   73,873    46%   13,711    11%

 

* The percentage is below 10%

 

The following table sets forth information as to each customer that accounted for 10% or more of total revenues for the six months ended March 31, 2025 and 2026.

 

   Six months ended March 31, 
   2025   2026 
Customer  Amount   % of
Total		   Amount   % of
Total		 
   (Unaudited)   (Unaudited) 
B  $1,714,509    26%  $2,310,659    36%
A   1,712,237    26%   1,658,720    26%
C   1,485,858    23%   *    * 
E   880,424    13%   *    * 
D   *    *    1,125,517    18%
Total  $5,793,028    88%  $5,094,896    80%

 

* The percentage is below 10%

Concentrations of suppliers

 

The following table sets forth information as to each supplier that accounted for 10% or more of total accounts payable as of September 30, 2025 and March 31, 2026.

 

   As of September 30, 2025   As of March 31, 2026 
Supplier  Amount   % of
Total		   Amount   % of
Total		 
           (Unaudited) 
A  $121,432    43%  $125,322    27%
B   48,206    17%   49,751    11%
C   *    *    63,697    14%
D   *    *    52,984    12%
Total  $169,638    60%  $291,754    64%

 

* The percentage is below 10%

 

The following table sets forth information as to each third party that accounted for 10% or more of total advances to suppliers as of September 30, 2025 and March 31, 2026.

 

   As of September 30, 2025   As of March 31, 2026 
Supplier  Amount   % of
Total		   Amount   % of
Total		 
           (Unaudited) 
E  $2,250,346    24%  $8,449,809    48%
F   1,506,456    16%   2,380,748    13%
G   1,429,760    15%   2,623,779    15%
H   1,350,234    15%   2,711,536    15%
I   1,316,705    14%   *    * 
J   1,263,047    14%   *    * 
Total  $9,116,548    98%  $16,165,872    91%

 

* The percentage is below 10%

 

The following table sets forth information as to each supplier that accounted for 10% or more of total purchases for the six months ended March 31, 2025 and 2026.

 

   Six months ended March 31, 
   2025   2026 
Supplier  Amount   % of
Total		   Amount   % of
Total		 
   (Unaudited)   (Unaudited) 
H  $2,925,067    29%  $1,411,627    19%
F   2,815,761    27%   1,101,577    15%
E   1,584,037    15%   836,402    11%
G   1,358,763    13%   3,168,262    43%
Total  $8,683,628    84%  $6,517,868    88%

 

* The percentage is below 10%