Loan to a third party |
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| Loan to a third party | Note 7 – Loan to a third party
The Company signed a revolving loan agreement with a third party to lend a revolving loan up to a maximum amount of $6 million from October 1, 2025 to September 30, 2026 at an annual interest rate of 6.5% per annum. As of March 31, 2026, loan to a third party amounted to $4,621,949, the Company made estimation of the collectability and made nil allowance for credit losses.
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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