Loan to a third party |
6 Months Ended |
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Mar. 31, 2026 | |
| Loan to a third party | |
| Loan to a third party | Note 9 — Loan to a third party
The loan to a third party relates to a three-year $10 million revolving loan to a third party for working capital purposes from November 1, 2025 to October 30, 2028 and at a 2% interest rate per annum. For the six months ended March 31, 2026, loan to this third party was $3,842,464 and the repayment from this loan was $1,244,431. As of March 31, 2026, the outstanding amount was $2,598,033. |
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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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