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Advances to suppliers net

12 Months Ended

Sep. 30, 2024

Advances to suppliers net

Advances to suppliers, net

Note 5 – Advances to suppliers, net

Advances to suppliers represent prepayments made to ensure continuous high-quality supply and favorable purchase prices. Advances to suppliers consisted of the following:

		September 30,				September 30,
		2024				2023
Advances for raw materials purchase		$	28,400,856			$	39,098,283
Less: allowance for doubtful accounts			(1,912,362	)			(54,217	)
Advances to suppliers, net		$	26,488,494			$	39,044,066

The movement of allowance for doubtful accounts was as follows:

		September 30,				September 30,
		2024				2023
Balance as of beginning of year		$	54,217			$	261,518
Addition			1,807,897				-
Reversal			-				(207,668	)
Translation adjustments			50,248				367
Balance as of end of year		$	1,912,362			$	54,217

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