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TAXES (Tables)
6 Months Ended
Mar. 31, 2025
TAXES  
Schedule of components of the income tax provision

  ​ ​ ​

2025

  ​ ​ ​

2024

Current tax expense (benefit)

 

  ​

 

  ​

PRC

$

$

Hong Kong

 

 

Singapore

 

(25,546)

 

Japan

1

Total

 

(25,545)

$

Deferred tax (benefit)

 

  ​

 

  ​

PRC

340

(29,895)

Hong Kong

 

(65,648)

 

(149,518)

Singapore

 

(350)

 

Japan

(7,454)

Total

 

(73,112)

 

(179,413)

Total income tax benefit

$

(98,657)

$

(179,413)

Schedule of income/(loss) before provision for income taxes

  ​ ​ ​

2025

  ​ ​ ​

2024

PRC

$

(971,211)

$

(432,079)

Hong Kong and other jurisdictions

 

(4,083,089)

 

(1,812,345)

Loss before income taxes

$

(5,054,300)

$

(2,244,424)

Schedule of effective tax rate reconciliation

  ​ ​ ​

2025

  ​ ​ ​

2024

Income tax (benenfit) at PRC statutory income tax rate

$

(1,248,207)

$

(561,106)

Impact of different tax rates in other jurisdictions

 

840,758

 

154,049

Effect of preferential tax rate

 

259,890

 

235,934

Super deduction of qualified R&D expenditures *

 

(8,597)

 

(8,581)

Effect of change in valuation allowance

 

50,437

 

196

Non-deductible items and other **

 

7,062

 

95

Income tax benefit

$

(98,657)

$

(179,413)

*

According to laws and regulations of the State Administration of Tax of the PRC effective October 1, 2022, enterprises engaging in R&D activities may claim an additional tax deduction of 100% of the qualified R&D expenses incurred in determining its tax assessable profits for that year.

**

Non-deductible items and other represent excess expenses and losses not deductible for PRC tax purposes.

Schedule of summary of deferred tax assets and liabilities

  ​ ​ ​

March 31,

  ​ ​ ​

September 30,

2025

2024

audited

Deferred tax assets:

Allowance for credit losses

$

56,801

$

40,273

Net operating losses

 

460,122

 

392,874

Operating lease liabilities

 

624

 

2,254

Total deferred tax assets

 

517,547

 

435,401

Less: Valuation allowance

 

(258,673)

 

(215,526)

Total deferred tax assets, net of valuation allowance

 

258,874

 

219,875

Deferred tax liabilities:

 

  ​

 

  ​

Effect of temporary difference *

 

(94,981)

 

(129,176)

Fair value increment on appraisal

 

(49,061)

 

Operating lease right of use assets

(624)

(2,254)

Total deferred tax liabilities

 

(144,666)

 

(131,430)

Total deferred tax assets, net

$

114,208

$

88,445

*

Mainly due to effect of temporary difference

Schedule of movement in valuation allowance

  ​ ​ ​

2025

  ​ ​ ​

2024

Beginning balance

$

215,526

$

21,910

Additions

 

56,808

 

196

Reversals

 

(6,379)

 

Foreign currency translation adjustments

 

(7,282)

 

229

Ending balance

$

258,673

$

22,336

Schedule of taxes payable

  ​ ​ ​

March 31,

  ​ ​ ​

September 30,

2025

2024

audited

PRC

$

90,316

$

93,393

Hong Kong

 

199,920

 

200,193

Singapore

 

19,997

 

47,631

Total taxes payable

$

310,233

$

341,217