Concentration of major customers and suppliers |
12 Months Ended |
|---|---|
Sep. 30, 2025 | |
| Concentration of major customers and suppliers | |
| Concentration of major customers and suppliers | Note 18 – Concentration of major customers and suppliers
For the fiscal year ended September 30, 2025, one major customer accounted for 59% of the Company’s total sales. For the fiscal year ended September 30, 2024, two major customers accounted for approximately 38%, and 14% of the Company’s total sales, respectively. For the fiscal year ended September 30, 2023, three major customers accounted for 13%, 13%, and 10% of the Company’s total sales. Any decrease in sales to these major customers may negatively impact the Company’s operations and cash flows if the Company fails to increase its sales to other customers.
As of September 30, 2025, three major customers accounted for 51%, 27%, and 14% of the Company’s accounts receivable balance, respectively. As of September 30, 2024, four major customers accounted for 34%, 29%, 22%, and 12% of the Company’s accounts receivable balance, respectively.
For the fiscal year ended September 30, 2025, one major supplier accounted for 20% of the total purchases. For the fiscal year ended September 30, 2024, two major suppliers accounted for approximately 36, and 12% of the total purchases, respectively. For the fiscal year ended September 30, 2023, two major suppliers accounted for approximately 14% and 12% of the total purchases, respectively.
As of September 30, 2025, three suppliers accounted for approximately 51%, 15%, and 12% of the Company’s advance to suppliers balance, respectively. As of September 30, 2024, three suppliers accounted for 40%, 23%, and 14% of the Company’s advance to suppliers balance, respectively. |