v3.26.1
Accounts receivable net
 6 Months Ended
Mar. 31, 2026
Accounts receivable net  
Accounts receivable, net

Note 3 — Accounts receivable, net

 

Accounts receivable consisted of the following:

 

 

 

As of

 

 

As of

 

 

 

March 31,

 

 

September 30,

 

 

 

2026

 

 

2025

 

 

 

(unaudited)

 

 

(audited)

 

Accounts receivable

 

$52,783,450

 

 

$47,284,561

 

Less: allowance for credit losses

 

 

(32,547,011)

 

 

(34,189,394)

Accounts receivable, net

 

$20,236,439

 

 

$13,095,167

 

 

Allowance for credit losses of approximately $32.5 million and approximately $34.2 million was made for certain accounts receivable as of March 31, 2026 and September 30, 2025, respectively. The Company’s accounts receivable primarily include balances due from customers when the Company’s products are sold and delivered to customers.

 

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

 

$34,189,394

 

 

$302,914

 

(Reversal of) allowance for credit losses

 

 

(2,775,018)

 

 

33,451,447

 

Translation adjustments

 

 

1,132,635

 

 

 

435,033

 

Balance as of end of period

 

$32,547,011

 

 

$34,189,394