NOTE 15 - RIGHT-OF-USE ASSETS AND LEASE

The Company has operating leases for its office facilities, automobiles and employee accommodation and finance lease for equipment for revenue service. The Company classified the equipment for revenue service as finance lease as the lessor will transfer the ownership of equipment for revenue service to the Company by the end of the lease term.

Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company recognized lease expense on a straight-line basis over the lease term for operating lease. Meanwhile, the Company recognized the finance leases ROU assets and interest on an amortized cost basis.

The following table provides a summary of leases as of June 30, 2025 and September 30, 2024:

 SUMMARY OF OPERATING LEASE ASSETS AND LIABILITIES

The operating lease expense for the three and nine months ended June 30, 2025 and 2024 was as follows:

 SUMMARY OF OPERATING LEASE EXPENSE

Maturities of operating lease and finance lease liabilities as of June 30, 2025 were as follows:

 SCHEDULE OF MATURITY OF LEASE LIABILITIES

Maturities of operating lease and finance lease liabilities as of September 30, 2024, were as follows:

Supplemental information related to operating leases and finance leases was as follows:

SCHEDULE OF OPERATING LEASES 

The amortization expense was $57,829 and $54,965 for the three months ended June 30, 2025 and 2024 and $293,242 and $216,678 for the nine months ended June 30, 2025 and 2024, respectively.