| PROPERTY AND EQUIPMENT |
NOTE 4. PROPERTY AND EQUIPMENT
Our property and equipment, net consisted of the following
as of March 31, 2025, and September 30, 2024:
SCHEDULE OF PROPERTY PLANT AND EQUIPMENT
| | |
March 31, | | |
September 30, | |
| | |
2025 | | |
2024 | |
| Loop Players | |
$ | 1,561,682 | | |
$ | 1,670,857 | |
| Equipment | |
| 511,949 | | |
| 539,979 | |
| Software | |
| 955,846 | | |
| 895,846 | |
| Property and equipment, gross | |
| 3,029,477 | | |
| 3,106,682 | |
| Less: accumulated depreciation | |
| (1,785,420 | ) | |
| (1,436,429 | ) |
| Total property and equipment, net | |
$ | 1,244,057 | | |
$ | 1,670,253 | |
Depreciation expense, calculated
using straight line method, was charged to operations as follows:
SCHEDULE OF DEPRECIATION EXPENSE
| | |
Three Months Ended March 31, | | |
Six Months Ended March 31, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Depreciation expense | |
$ | 219,672 | | |
$ | 322,706 | | |
$ | 452,539 | | |
$ | 619,796 | |
|