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Related Party Transactions
6 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 10 — RELATED PARTY TRANSACTIONS

 

a. Accounts receivable - related parties

 

Accounts receivable - related parties consists of the following:

 

Name  Related party relationship  March 31,
2025
   September 30,
2024
 
Zhongjiankanglu Industrial Development (Shanghai) Co., Ltd.  An entity controlled by the CEO  $1,179,981   $1,492,024 
Zhongjin Hongkang Medical Technology (Shanghai) Co., Ltd.  An entity controlled by the CEO   192,121    911,987 
Jiangsu Zhongjin Kanglu Information Technology Co., Ltd.  An entity controlled by the CEO   12,158    141,007 
Zhongjin Jingau Rehabilitation Equipment (Beijing) Co. Ltd.  An entity controlled by the CEO   1,295    1,340 
Subtotal      1,385,555    2,546,358 
Less: allowance for credit losses      
-
    
-
 
Total accounts receivable, net - related parties     $1,385,555   $2,546,358 

b. Due from related parties

 

Due from related parties consists of the following:

 

Name  Related party relationship  March 31,
2025
   September 30,
2024
 
Huaniaoyuan Catering Management (Changzhou) Co. Ltd.  An entity controlled by the CEO  $128,042   $101,906 
Mr. Erqi Wang (1)  CEO and controlling shareholder of the Company   9,508    
-
 
Total due from related parties     $137,550   $101,906 

 

(1)The Company has advanced cash to the Company’s CEO, Mr. Erqi Wang, for business purpose. Such advances are non-interest bearing and due upon demand. The amount of due from a related party as of March 31, 2025 has been subsequently collected as the date of this report.

 

c. Deferred revenue – related parties

 

Deferred revenue – related parties consist of the following:

 

Name  Related party relationship  March 31,
2025
   September 30,
2024
 
Jin Med Medical (Korea) Co., Ltd.  An entity controlled by the CEO  $109,784   $121,269 
Jinmed International Co., Ltd.  An entity controlled by the CEO   4,246    4,394 
Total deferred revenue – related parties     $114,030   $125,663 

 

d. Due to related parties

 

Due to related parties consists of the following:

 

Name  Related party relationship  March 31,
2025
   September 30,
2024
 
Jiangsu Zhongjin Kanglu Information Technology Co., Ltd.  An entity controlled by the CEO  $253,327   $257,359 
Shanghai Situma Intelligent Technology Co., Ltd.  Minority shareholder of Zhongjin Kangma   21,119    21,854 
Changzhou Zhongjian Kanglu Information Technology Co., Ltd  An entity controlled by the CEO   661    684 
Huaniaoyuan Environmental Engineering (Changzhou) Co., Ltd.  An entity controlled by the CEO   634    656 
Total due to related parties     $275,741   $280,553 

 

The balance due to related parties was mainly comprised of advances from entities controlled by the Company’s CEO and used for working capital during the Company’s normal course of business. These advances are non-interest bearing and due on demand.

e. Revenue from related parties

 

Revenue from related parties consists of the following:

 

      For the Six Months Ended
March 31,
 
Name  Related party relationship  2025   2024 
Jiangsu Zhongjin Kanglu Information Technology Co., Ltd.  An entity controlled by the CEO  $115,980   $227,339 
Jin Med Medical (Korea) Co., Ltd.  An entity controlled by the CEO   87,066    
-
 
Zhongjiankanglu Industrial Development (Shanghai) Co., Ltd.  An entity controlled by the CEO   
-
    409,377 
Zhongjin Hongkang Medical Technology (Shanghai) Co., Ltd.  An entity controlled by the CEO   
-
    539,662 
Total revenue from related parties     $203,046   $1,176,378