v3.25.2
Leases
6 Months Ended
Mar. 31, 2025
Leases [Abstract]  
LEASES

Note 8 — LeaseS

 

The Company has several operating leases for offices. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Lease expenses for six months ended March 31, 2025 and 2024 were $78,523 and $120,215, respectively.

 

The table below presents the operating lease related assets and liabilities recorded on the unaudited condensed consolidated balance sheets.

 

   March 31,
2025
   September 30,
2024
 
Operating lease right-of-use assets, net  $365,320   $414,665 
           
Operating lease liabilities - current  $98,975   $114,217 
Operating lease liabilities - non-current   234,211    261,512 
Total operating lease liabilities  $333,186   $375,729 

 

The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of March 31, 2025:

 

Remaining lease term and discount rate:    
     
Weighted average remaining lease term (years)   3.75 years 
Weighted average discount rate   7.7%

 

The following is a schedule of maturities of lease liabilities as of March 31, 2025:

 

Twelve months ending March 31,    
2026  $121,571 
2027   105,962 
2028   89,572 
2029   67,180 
Total future minimum lease payments   384,285 
Less: imputed interest   (51,099)
Present value of lease liabilities  $333,186