v3.26.1
Accounts receivable net
12 Months Ended
Sep. 30, 2025
Accounts receivable net  
Accounts receivable, net

Note 3 – Accounts receivable, net

 

Accounts receivable consisted of the following:

 

 

 

As of

 

 

As of

 

 

 

September 30,

 

 

September 30,

 

 

 

2025

 

 

2024

 

Accounts receivable

 

$1,650,231

 

 

$19,523,108

 

Less: allowance for credit losses

 

 

-

 

 

 

(7,732,717)

Accounts receivable, net

 

$1,650,231

 

 

$11,790,391

 

 

The Company’s accounts receivable primarily include balances due from customers when the Company’s activated carbon products are sold and delivered to customers.

 

The movement of allowance for credit losses was as follows:

 

 

 

For the

 

 

For the

 

 

 

year ended

 

 

year ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2025

 

 

2024

 

Balance as of beginning of year

 

$7,732,717

 

 

$496,299

 

Addition

 

 

-

 

 

 

7,029,706

 

Reversal

 

 

(7,523,759)

 

 

-

 

Translation adjustments

 

 

(208,958)

 

 

206,712

 

Balance as of end of year

 

 

-

 

 

$7,732,717