| PROPERTY AND EQUIPMENT |
NOTE
4. PROPERTY AND EQUIPMENT
Our
property and equipment, net consisted of the following as of June 30, 2025, and September 30, 2024:
SCHEDULE OF PROPERTY PLANT AND EQUIPMENT
| | |
June 30, | | |
September 30, | |
| | |
2025 | | |
2024 | |
| Loop players | |
$ | 1,463,327 | | |
$ | 1,670,857 | |
| Equipment | |
| 344,462 | | |
| 539,979 | |
| Software | |
| 955,846 | | |
| 895,846 | |
| Property and equipment, gross | |
| 2,763,635 | | |
| 3,106,682 | |
| Less: accumulated depreciation | |
| (1,808,564 | ) | |
| (1,436,429 | ) |
| Total property and equipment, net | |
$ | 955,071 | | |
$ | 1,670,253 | |
Depreciation
expense, calculated using straight line method, was charged to operations as follows:
SCHEDULE OF DEPRECIATION EXPENSE
| | |
Three Months Ended June 30, | | |
Nine Months Ended June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Depreciation expense | |
$ | 196,977 | | |
$ | 333,191 | | |
$ | 649,515 | | |
$ | 952,986 | |
|