LEASES (Tables)

12 Months Ended

Sep. 30, 2024

Leases

SCHEDULE OF LEASE EXPENSES

The components of lease expenses are as follows:

	For the year ended September 30,
	2022		2023		2024
	US$		US$		US$
Operating lease expense		1,218,366		1,218,482		1,219,454
Finance lease expense:
Amortization of right-of-use assets		41,104		41,112		38,116
Interest of lease liabilities		8,685		6,721		7,536
Total finance lease expense		49,789		47,833		45,652

SCHEDULE OF FINANCE LEASE

The components of finance lease are as follows:

	For the year ended September 30,
	2022			2023			2024
	US$			US$			US$
Finance lease
Right-of-use assets, costs		205,523			205,523			172,170
Accumulated amortization		(65,082	)		(106,194	)		(17,217	)
Right-of-use assets, net		140,441			99,329			154,953

SCHEDULE OF OPERATING LEASE

The components of operating lease are as follows:

	For the year ended September 30,
	2022			2023			2024
	US$			US$			US$
Operating lease
Right-of-use assets, costs		4,707,764			4,757,334			5,360,768
Accumulated amortization		(2,076,641	)		(3,185,650	)		(4,351,509	)
Right-of-use assets, net		2,631,123			1,571,684			1,009,259

SCHEDULE OF WEIGHTED AVERAGE OPERATING LEASE

Other information about the Company’s leases is as follows:

	As of September 30,
	2022			2023			2024
	US$			US$			US$
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases		1,225,668			1,221,116			1,222,565
Operating cash flows used in finance leases		8,685			6,721			7,526
Financing cash flows used in finance leases		36,477			40,235			33,002
Right-of-use assets obtained in exchange for new operating lease liabilities		2,729,907			49,442			603,434
Right-of-use assets obtained in exchange for new finance lease liabilities		-			-			172,170
Weighted-average remaining lease term - operating		2.33 years			1.37 years			1.87 years
Weighted-average remaining lease term-finance		3.42 years			2.42 years			4.5 years
Weighted average discount rate – operating		5.13	%		5.13	%		5.5	%
Weighted average discount rate-finance		5.13	%		5.13	%		5.88	%

SCHEDULE OF MATURITY OF LEASE LIABILITIES

The following is a maturity analysis of the annual undiscounted cash flows for lease liabilities as of September 30, 2024:

	Operating leases			Finance leases			Total
	US$			US$			US$
Year ending September 30,
2025		625,719			39,831			665,550
2026		216,480			39,831			256,311
2027		198,440			39,831			238,271
2028		-			39,831			39,831
2029		-			19,914			19,914
Total undiscounted lease payments		1,040,639			179,238			1,219,877
Less: imputed interest		(51,658	)		(18,786	)		(70,444	)
Lease liabilities recognized in the Consolidated Balance Sheet		988,981			160,452			1,149,433
Less: lease liabilities – current portion		(594,589	)		(34,731	)		(629,320	)
Lease liabilities – non-current portion		394,392			125,721			520,113