Leases

12 Months Ended

Sep. 30, 2025

Leases

Leases

6. Leases

The Group leases office spaces under non-cancelable operating lease agreements. Pursuant to the new lease standard ASC 842-10-55, this lease is treated as operating leases. The Group’s lease agreements do not have a discount rate that is readily determinable. The incremental borrowing rate is determined at lease commencement or lease modification and represents the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term and amount equal to the lease payments in a similar economic environment. Management determined the incremental borrowing rate was 7.5%  for the lease that began in 2025, respectively. This lease is on a fixed payment basis. None of the leases include contingent rentals.

The Group leases office spaces which expire in June 2028 and the future lease payment under operating leases as of September 30, 2025 was as follows:

	2025
	US$
2026		52,241
2027		54,333
2028		41,958
Total future lease payments		148,532
Less: imputed interest		(14,925	)
Present value of operating lease liabilities		133,607
Operating lease liabilities - current		43,687
Operating lease liabilities - non-current		89,920

Operating lease costs for the years ended September 30, 2025 and 2024, were $13,455 and nil, which excluded cost of short-term contracts. Rental expenses related to a short-term lease contract for the years ended September 30, 2025 and 2024, were $54,188 and $63,395, respectively.