Leases

12 Months Ended

Sep. 30, 2024

Leases [Abstract]

LEASES

NOTE 7 — LEASES

The Company’s leasing activities primarily consist of three operating leases for offices. ASC 842 requires leases to recognize right-of-use assets and lease liabilities on the balance sheet. The Company has elected an accounting policy to not recognize short-term leases (one year or less) on the balance sheet.

	As of September 30,
	2024		2023
	US$		US$
Operating lease right-of-use assets	$	660,946	$	954,771
Operating lease liabilities – current	$	270,183	$	293,040
Operating lease liabilities – non-current		308,575		556,674
Total operating lease liabilities	$	578,758	$	849,714

The weighted-average remaining lease term and the weighted-average discount rate of leases are as follows:

	As of September 30,
	2024			2023
Weighted-average remaining lease term (years)		1.94			2.45
Weighted-average discount rate		4.75	%		4.75	%

During the years ended September 30, 2024, 2023 and 2022, the Company incurred total operating lease expenses of $146,384, $196,500 and $163,552, respectively.

The following table summarizes the maturity of operating lease liabilities as of September 30, 2024:

12 months ending September 30,	Operating
	US$
2025	$	291,836
2026		314,775
Thereafter		—
Total lease payments		606,611
Less: imputed interest		(27,853	)
Total lease liabilities	$	578,758