NOTE 8 - SOFTWARE |
6 Months Ended | |||||||||||||||||||||||||
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Mar. 31, 2025 | ||||||||||||||||||||||||||
| Accounting Policies [Abstract] | ||||||||||||||||||||||||||
| NOTE 8 - SOFTWARE | NOTE 8 - SOFTWARE
The Company capitalized certain costs related to obtaining or developing software for internal use. Costs incurred during the application development stage internally or externally are capitalized and amortized on a straight-line basis over the expected useful life of five years. The application development stage includes design of chose path, software configuration and integration, coding, hardware installation and testing. Costs incurred during the preliminary project stage and post implementation-operation stage are expensed as incurred. During six months March 31, 2025 and 2024, $1,342,691 and $2,225,838 were expensed, respectively, included in administrative expenses.
The book value of the Company’s software as of March 31, 2025 and September 30, 2024 was as follows:
The aggregate amortization expense related to the software was $241,920 and $66,266 for the six months ended March 31, 2025 and 2024, respectively, included in cost of revenues.
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