XML 43 R18.htm IDEA: XBRL DOCUMENT v3.25.0.1
Related party transactions
 12 Months Ended
Sep. 30, 2024
Related party transactions  
Related party transactions

Note 12 – Related party transactions

 

The relationship and the nature of related party transactions are summarized as follow:

 

Name of Related Party

 

Relationship to the Company

 

Nature of Transactions

Yefang Zhang

 

Principal shareholder

 

Providing working capital loan to the Company and payment of expenses on behalf of the Company

 

Due to a related party

 

As of September 30, 2024 and 2023, the Company owed Yefang Zhang $611,327 (of which $311,150 was a loan from Yefang Zhang and $300,177 was payment of expenses on behalf of the Company) and $152,556, respectively. The balance of due to a related party is non-trade in nature, interest-free, unsecured, and due upon demand.