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Debt
9 Months Ended
Jun. 30, 2024
Debt [Abstract]  
Debt

Note 7 - Debt

 

The Company obtained loans of $475 from external parties Mr. Goh Meng Keong and Mr. Goh Seng Wei, to fund the acquisition of Graphene Patent, and in return they charged the Company with interest, in accordance to arm’s length transaction principle. For the three and nine months period ended June 30, 2024, there were interest expense of $6 and $18 (June 30, 2023 - $6 and $18), respectively. The principal amount, maturity date and interest rate for the loans are shown below:

 

   June 30,   September  30, 
   2024   2023 
Total interest payable  $53   $35 
Total debt and interest payable  $528   $510 

 

Lender  Principle   Interest rate   Lending date  Due
Goh Meng Keong  $432            5% p.a  March 22, 2022  September 30, 2024
Goh Seng Wei  $43    5% p.a  May 26, 2022  November 25, 2024

 

Principal payments:  Amount 
For year ended September 30, 2024   475 
Total  $475