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Commitments and Contingencies | 12 Months Ended
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Sep. 30, 2025
Commitments and Contingencies [Abstract] |
Commitments and Contingencies | Note 21 – Commitments and Contingencies Lease commitments Effective July 1, 2019, the Company adopted FASB ASU 2016-02, “Leases” (Topic 842), and elected the practical expedients that does not require us to reassess: (1) whether any expired or existing contracts are, or contain, leases, (2) lease classification for any expired or existing leases and (3) initial direct costs for any expired or existing leases. For lease terms of twelve months or fewer, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities. The Company also adopted the practical expedient that allows lessees to treat the lease and non-lease components of a lease as a single lease component. The Company determines if a contract contains a lease at inception. US GAAP requires that the Company’s leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date and the lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option which result in an economic penalty. All of the Company’s real estate leases are classified as operating leases. The Company entered in four operating lease agreements in New York and Malaysia, which will expire till July 2025. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The leases contain options to extend at the time of expiration, but the Company will not exercise it. The Company did not recognize the operating lease ROU assets and lease liabilities on the balance sheet as this lease had an initial term of 12 months or less. Operating lease expenses was recorded under general and administrative expenses for the years ended September 30, 2025 and 2024 amounted to $136,367 and $197,765, respectively. The following table sets forth the Company’s undiscounted future minimum lease payment schedule as of September 30, 2025. There were no commitment and contingency other than those stated below:
Commitments and Contingencies |  | Terms |  | Amount |
Rental of premises |  | Rental payments due from October 2025 to March 2026 |  | $ | 4,325 |
Rental of factory |  | Rental payments due from October 2025 to January 2026 |  | $ | 17,110 |
|  |  |  | $ | 21,435 |
Capital commitment On August 19, 2025, the Company entered into a Sale and Purchase Agreement with Cosmo Esteem SDN BHD (“Vendor”), a company incorporated in Malaysia, to acquire a factory building located at Kampung Baru Subang, Selangor State, Central Malaysia for total consideration of approximately $7.3 million (RM30.45 million). As part of the consideration, the Company agreed to issue ordinary shares to Tan Chin Teong. On August 25, 2025, the Company issued 528,464 post-consolidation ordinary shares with an aggregate fair value of approximately $2.3 million as a deposit. As of September 30, 2025, the remaining capital commitment under the Agreement was approximately $5.0 million, which the Company expects to settle in accordance with the contractual terms.

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