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Risks and Uncertainties

12 Months Ended

Sep. 30, 2024

Risks and Uncertainties [Abstract]

Risks and Uncertainties

(13) Risks and Uncertainties

The Company’s operations are in Hong Kong. Accordingly, any changes in demand, economic and political developments and regulatory changes in the region will have an effect on the Company’s business, results of operations and financial condition.

Customer concentration risk

For the years ended September 30, 2024, 2023 and 2022, customers accounting for 10% or more of total revenues are as follows:

		2024								2023								2022
Customer						%								%								%
A										$	5,748,637			11.4
B											5,554,474				11.1			$	5,509,926				19.8
C																			6,519,947				23.4
D																			4,178,670				15.0
E		$	15,458,421				43.4
F			6,738,937				18.9

For the years ended September 30, 2024, 2023 and 2022,customers accounted for 10% or more of accounts receivable as follows:

		2024								2023								2022
Customer						%								%								%
C		$	2,041,922				19.5				-				-				-				-
G			1,985,869				18.9				-				-				-				-
H			1,979,011				18.9				-				-				-				-
E			1,844,322				17.6				-				-				-				-
I			1,185,300				11.3				-				-				-				-

Vendor concentration risk

For the years ended September 30, 2024 ,2023 and 2022, the vendors which accounted for 10% or more of total purchases are as follows:

		2024								2023								2022
Vendor						%								%								%
A		$	11,330,745			42.0				$	15,063,407			32.4
B											11,397,173				24.5			$	8,025,220				33.9
C			4,223,162				15.6				6,682,636				14.4
D																			5,519,851				23.3
E			3,722,438				13.8

X

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/275/tableOfContent

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- References

No definition available.

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