v3.26.3
Accounts receivable
 6 Months Ended
Mar. 31, 2026
Accounts receivable  
Accounts receivable

Note 3 – Accounts receivable

 

Accounts receivable consisted of the following:

 

 

 

As of

 

 

As of

 

 

 

March 31,

 

 

September 30,

 

 

 

2026

 

 

2025

 

 

 

(unaudited)

 

 

(audited)

 

Accounts receivable

 

$4,031,798

 

 

$1,650,231

 

 

The Company’s accounts receivable primarily include balances due from customers when the Company’s activated carbon products are sold and delivered to customers. As of the date of filing, the Company collected approximately $2.3 million, or 58.3%, from the outstanding accounts receivable.

 

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

 

 

-

 

 

$7,732,717

 

Reversal

 

 

-

 

 

 

(7,523,759)

Translation adjustments

 

 

-

 

 

 

(208,958)

Balance as of end of period

 

 

-

 

 

 

-