RIGHT-OF-USE ASSETS & LEASE LIABILITIES (Tables)
|
9 Months Ended |
Jun. 30, 2025 |
|---|
| Right-of-use Assets Lease Liabilities |
|
| SCHEDULE OF RIGHT OF USE ASSET AND LEASE LIABILITIES |
SCHEDULE
OF RIGHT OF USE ASSET AND LEASE LIABILITIES
| | |
June 30,
2025 | | |
September 30,
2024 | |
| Right-of-use assets |
|
|
|
|
|
|
|
|
| Beginning of period |
|
$ |
1,830,124 |
|
|
$ |
- |
|
| Additions |
|
|
1,122,881 |
|
|
|
1,926,656 |
|
| Amortization |
|
|
(310,760 |
) |
|
|
(96,532 |
) |
| End of period |
|
$ |
2,642,245 |
|
|
$ |
1,830,124 |
|
|
| SCHEDULE OF BALANCE SHEET INFORMATION |
Balance
sheet information related to the Company’s leases is presented below:
SCHEDULE
OF BALANCE SHEET INFORMATION
| Operating leases: | |
June 30, 2025 | | |
September 30, 2024 | |
| Operating right-of-use assets | |
$ | 2,642,245 | | |
$ | 1,830,124 | |
| Operating lease liabilities, current | |
| 493,169 | | |
| 281,352 | |
| Operating lease liabilities, long term | |
| 2,314,645 | | |
| 1,650,383 | |
|
| SCHEDULE OF LEASE EXPENSE |
The
following provides details of the Company’s lease expense:
SCHEDULE
OF LEASE EXPENSE
| Lease cost: | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
Three Months Ended
June 30, | | |
Nine Months Ended
June 30, | |
| Lease cost: | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Operating lease cost | |
$ | 157,559 | | |
$ | 103,263 | | |
$ | 436,480 | | |
$ | 131,632 | |
|
| SCHEDULE OF OTHER INFORMATION RELATED TO LEASES |
Other
information related to leases is presented below:
SCHEDULE
OF OTHER INFORMATION RELATED TO LEASES
| Cash paid for amounts included in the measurement of lease liabilities: | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
Three Months Ended
June 30, | | |
Nine Months Ended
June 30, | |
| Cash paid for amounts included in the measurement of lease liabilities: | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Operating cash outflows from operating leases | |
$ | 142,172 | | |
$ | 33,605 | | |
$ | 403,749 | | |
$ | 33,605 | |
| | |
June 30, 2025 | |
| Weighted-average discount rate – operating lease | |
| 11.6 | % |
| Weighted-average remaining lease term – operating lease (in years) | |
| 5.88 | |
|
| SCHEDULE OF EXPECTED ANNUAL MINIMUM LEASE PAYMENTS |
As
of June 30, 2025, the expected annual minimum lease payments of the Company’s operating lease liabilities were as follows:
SCHEDULE
OF EXPECTED ANNUAL MINIMUM LEASE PAYMENTS
| For the Years Ended September 30, | |
| |
| 2025 | |
$ | 119,890 | |
| 2026 | |
| 626,333 | |
| 2027 | |
| 641,992 | |
| 2028 | |
| 658,041 | |
| 2029 | |
| 674,493 | |
| Thereafter | |
| 1,142,668 | |
| Total future minimum lease payments, undiscounted | |
| 3,863,417 | |
| Less: Imputed interest for leases in excess of one year | |
| (1,055,603 | ) |
| Present value of future minimum lease payments | |
| 2,807,814 | |
| Less: Current portion of lease liabilities | |
| (493,169 | ) |
| Total lease liabilities less current portion | |
$ | 2,314,645 | |
|