| Other current assets |
Note 7 — Other current assets Other current assets consisted of the following: | | As of | | | As of | | | | March 31, | | | September 30, | | | | 2026 | | | 2025 | | | | (unaudited) | | | (audited) | | Security deposits | | $ | 1,041,476 | | | $ | 28,000 | | Advances to third parties | | | 1,403,292 | | | | 989,986 | | Prepaid expenses | | | 24,787 | | | | 9,900 | | Prepaid value-added tax | | | 30,675 | | | | 29,723 | | Sub-total | | | 2,500,230 | | | | 1,057,609 | | Less: allowance for credit losses | | | (775,616 | ) | | | (685,345 | ) | Other current assets, net | | $ | 1,724,614 | | | $ | 372,264 | |
The movement of allowance for credit losses was as follows: | | For the Six | | | For the | | | | Months Ended | | | Year Ended | | | | March 31, | | | September 30, | | | | 2026 | | | 2025 | | | | (unaudited) | | | (audited) | | Balance as of beginning of period | | $ | 685,345 | | | | - | | Additions | | | 67,260 | | | | 676,460 | | Translation adjustments | | | 23,011 | | | | 455 | | Balance as of end of period | | $ | 775,616 | | | $ | 685,345 | |
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