Note 4 — Prepayments and other current assets

As of June 30, 2026 and September 30, 2025, prepayments and other current assets consisted of the following:

 Schedule of prepayment and other current assets

On February 28, 2025, the Company entered into a loan agreement with HST Trading Limited, providing a principal amount of $500,000 at an annual interest rate of 5%. The loan term is six months, with the principal and accrued interest due for repayment on or before February 27, 2026. On August 28, 2025, the Company entered into an Amendment to Loan Agreement with HST Trading Limited to extend the loan term from six months to twelve months with end date at February 27, 2026. On February 28, 2026, the Company entered into an Amendment to Loan Agreement with HST Trading Limited to extend the loan term for six months with end date at August 27, 2026. On August 7, 2025, the Company entered into a loan agreement with HST Trading Limited, providing a principal amount of $400,000 at an annual interest rate of 5%. The loan term is six months, with the principal and accrued interest due for repayment on or before February 7, 2026. On February 8, 2026, the Company entered into an Amendment to Loan Agreement with HST Trading Limited to extend the loan term from six months to twelve months with end date at August 6, 2026. As of June 30, 2026, the outstanding balance of loan and interest receivable was $524,123.

On October 2, 2025, the Company entered into a loan agreement with Torchlight Group Limited, providing a principal amount of $2,000,000.00 at an annual interest rate of 4.5%. The loan term is twelve months, with the principal and accrued interest due for repayment on or before October 1, 2026. As of June 30, 2026, the outstanding balance of loan and interest receivable was $884,935.

On December 1, 2025, the Company entered into a loan agreement with Shengshi Chuangtou Co., Limited, providing a principal amount of $2,000,000.00 at an annual interest rate of 4.5%. The loan term is twelve months, with the principal and accrued interest due for repayment on or before November 30, 2026. As of June 30, 2026, the outstanding balance of loan and interest receivable was $717,088.

On June 1, 2026, the Company entered into a loan agreement with a third-party entity, providing a principal amount of $1,800,000.00 at an annual interest rate of 10%. The loan term is twelve months, with the principal and accrued interest due for repayment on or before May 31, 2027. As of June 30, 2026, the outstanding balance of loan and interest receivable was $1,814,795.

Prepaid research and development costs consist of the expenses prepaid by the Company under multiple software and/or system development agreements, pursuant to which development service providers were engaged to design and develop software and/or system projects such as B2B E-commerce Platform. The Company expects such development projects to be completed before the end of calendar year 2026.

The receivable from sale of equity investments represents proceeds from the Company’s disposition of its equity interests in Core Modu LLC and Megabyte Solutions Limited. The related sale agreements provide for installment payments. In July 2026, the Company received $1.0 million pursuant to the agreed payment terms and expects to collect the remaining balance within nine months.

The receivable from sales of shares consists solely of the proceeds receivable from the shares of the Company’s common stock sold under the Sales Agreement and May 2026 Sales Agreement entered by the Company and Aegis Capital Corp. in connection with “at the market” offering program. The Company received all the proceeds in July 2026.