Prepaid Expenses and Other Current Assets

12 Months Ended

Sep. 30, 2024

Prepaid Expenses and Other Current Assets [Abstract]

PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 5 — PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consisted of the following: 

	September 30, 2024		September 30, 2023
Other receivable (1)	$	215,402	$	28,852
Advance to suppliers (2)		1,944,139		803,745
Prepaid expenses (3)		165,488		60,000
Prepaid expenses and other current assets	$	2,325,029	$	892,597

(1) Other receivables primarily include advances to employees for business development, rental security deposit for the Company’s office lease and VAT tax refunds receivables and balances to be collected from third-party entities that do not relate to the Company’s normal sales activities. 

(2) Advance to suppliers consists of advances to suppliers for purchasing of raw materials that have not been received. As of September 30, 2024, the aging of approximately 53% of our advance to suppliers are within six months. For balance of advance to suppliers aged more than six months, approximately 40% of the balance were subsequently utilized as of the date of the report, and the remaining balance is expected to be utilized by March 2025.  

(3) Prepaid expenses primarily include prepaid marketing planning service fees and professional fees.