| Deposits and Other Assets, Net |
11.
Deposits and Other Assets, Net
As
of March 31, 2026 and September 30, 2025, deposits and other assets, net, consisted of the following:
Schedule of Deposits and Other Assets, Net
| | |
March 31, 2026 | | |
September 30, 2025 | |
| | |
As
of | |
| | |
March 31, 2026 | | |
September 30, 2025 | |
| | |
| | |
| |
| Third parties | |
| | | |
| | |
| Deposits, gross (1) | |
$ | 12,761 | | |
$ | 154,188 | |
| Less: Allowance for expected
credit loss | |
| (30 | ) | |
| (1,681 | ) |
| Deposits and other assets, net | |
| 12,731 | | |
| 152,507 | |
| | |
| | | |
| | |
| Less: amounts classified
as non-current assets | |
| (12,731 | ) | |
| (12,820 | ) |
| Deposits and other assets,
current, net | |
$ | - | | |
$ | 139,687 | |
| | |
| | | |
| | |
| Related parties | |
| | | |
| | |
| Deposits-a related party, net (2) | |
$ | 1,020,850 | | |
$ | 706,694 | |
| Deposits, gross | |
$ | 1,020,850 | | |
$ | 706,694 | |
| | |
| | | |
| | |
| Less: Allowance for expected
credit loss | |
| (2,340 | ) | |
| (1,620 | ) |
| Deposits-a related party,
net | |
$ | 1,018,510 | | |
$ | 705,074 | |
| Deposits, net | |
$ | 1,018,510 | | |
$ | 705,074 | |
| (1) |
Deposits
consisted of (i) rental deposits and (ii) deposits for the purchase of intangible assets as disclosed in Note 9. |
| (2) |
Deposits
to a related party represent a good faith deposit paid pursuant to the acquisition intention agreement for a target company. The
deposit is creditable toward the total purchase price upon consummation of the acquisition. The deposit is subject to customary conditions,
including satisfaction of due diligence, and is refundable in whole or in part if the acquisition does not proceed, in accordance
with the terms of the agreement. The balances were unsecured and non-interest bearing. |
The
movement of allowance for expected credit loss is as follow:
Schedule of Allowance for Expected Credit Loss
| | |
March
31, 2026 | | |
September 30, 2025 | |
| | |
As
of | |
| | |
March
31, 2026 | | |
September 30, 2025 | |
| Balance at beginning of the period/
year | |
$ | 3,301 | | |
$ | 39 | |
| (Reversal of) provision of expected credit
loss | |
| (916 | ) | |
| 3,257 | |
| Foreign exchange difference | |
| (15 | ) | |
| 5 | |
| Balance at end of the
period/ year | |
$ | 2,370 | | |
$ | 3,301 | |
|