RIGHT-OF-USE ASSETS AND LEASE (Tables)
|
9 Months Ended |
Jun. 30, 2025 |
|---|
| Right-of-use Assets And Lease |
|
| SUMMARY OF OPERATING LEASE ASSETS AND LIABILITIES |
The
following table provides a summary of leases as of June 30, 2025 and September 30, 2024:
SUMMARY
OF OPERATING LEASE ASSETS AND LIABILITIES
| Assets/liabilities | |
Classification | |
June 30, 2025 | | |
September 30, 2024 | |
| Assets | |
| |
| | | |
| | |
| Operating lease right-of-use assets | |
Operating lease assets | |
$ | 5,269 | | |
$ | 284,524 | |
| Finance lease right-of-use assets | |
Finance lease assets | |
| 160,065 | | |
| 309,445 | |
| Total lease assets | |
| |
$ | 165,334 | | |
$ | 593,969 | |
| | |
| |
| | | |
| | |
| Liabilities | |
| |
| | | |
| | |
| Current | |
| |
| | | |
| | |
| Operating lease liability - current | |
Current operating lease liabilities | |
$ | 4,511 | | |
$ | 238,979 | |
| Finance lease liability - current | |
Current finance lease liabilities | |
| 116,377 | | |
| 196,879 | |
| | |
| |
$ | 120,888 | | |
$ | 435,858 | |
| Long-term | |
| |
| | | |
| | |
| Operating lease liability – net of current portion | |
Long-term finance lease liabilities | |
$ | - | | |
$ | 44,622 | |
| Finance lease liability – net of current portion | |
Long-term operating lease liabilities | |
| - | | |
| 76,862 | |
| | |
| |
| - | | |
| 121,484 | |
| Total lease liabilities | |
| |
$ | 120,888 | | |
$ | 557,342 | |
|
| SUMMARY OF OPERATING LEASE EXPENSE |
The
operating lease expense for the three and nine months ended June 30, 2025 and 2024 was as follows:
SUMMARY
OF OPERATING LEASE EXPENSE
| Lease cost | |
Classification | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
| |
Three Months Ended
June 30, | | |
Nine
Months Ended
June 30, | |
| Lease cost | |
Classification | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Operating lease cost | |
| |
| | | |
| | | |
| | | |
| | |
| Lease expenses – short-term | |
General and administrative | |
$ | - | | |
$ | - | | |
$ | 9,299 | | |
$ | - | |
| Lease expenses | |
General and administrative | |
| 9,934 | | |
| 81,064 | | |
| 153,827 | | |
| 246,939 | |
| Finance lease cost | |
| |
| | | |
| | | |
| | | |
| | |
| Amortization of leased asset | |
Cost of revenues | |
| 44,570 | | |
| - | | |
| 138,350 | | |
| - | |
| Interest on lease liabilities | |
Other expense - other | |
| 1,700 | | |
| - | | |
| 6,829 | | |
| - | |
| Total lease cost | |
| |
$ | 56,256 | | |
$ | 81,064 | | |
$ | 308,305 | | |
$ | 246,939 | |
|
| SCHEDULE OF MATURITY OF LEASE LIABILITIES |
Maturities
of operating lease and finance lease liabilities as of June 30, 2025 were as follows:
SCHEDULE
OF MATURITY OF LEASE LIABILITIES
| Maturity of Lease Liabilities | |
Operating lease | | |
Finance lease | |
| 2025 | |
$ | 4,546 | | |
$ | 42,244 | |
| 2026 | |
| - | | |
| 76,262 | |
| Thereafter | |
| - | | |
| - | |
| Total lease payments | |
| 4,546 | | |
| 118,506 | |
| Less: Interest | |
| (35 | ) | |
| (2,129 | ) |
| Present value of lease payments | |
$ | 4,511 | | |
$ | 116,377 | |
Maturities
of operating lease and finance lease liabilities as of September 30, 2024, were as follows:
| Maturity of Lease Liabilities | |
Operating lease | | |
Finance lease | |
| 2025 | |
$ | 244,243 | | |
$ | 205,103 | |
| 2026 | |
| 44,887 | | |
| 77,848 | |
| Thereafter | |
| - | | |
| - | |
| Total lease payments | |
| 289,130 | | |
| 282,951 | |
| Less: Interest | |
| (5,529 | ) | |
| (9,210 | ) |
| Present value of lease payments | |
$ | 283,601 | | |
$ | 273,741 | |
|
| SCHEDULE OF OPERATING LEASES |
Supplemental
information related to operating leases and finance leases was as follows:
SCHEDULE
OF OPERATING LEASES
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| | |
Three
Months Ended
June 30, | | |
Nine
Months Ended
June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Cash paid for amounts included in the measurement of lease liabilities | |
$ | 49,973 | | |
$ | 14,398 | | |
$ | 292,132 | | |
$ | 111,469 | |
| New operating lease assets obtained in exchange for operating lease liabilities | |
$ | 115 | | |
$ | 14,398 | | |
$ | 8,951 | | |
$ | 111,469 | |
| | |
Nine
Months Ended
June 30, | |
| | |
2025 | | |
2024 | |
| Weighted average remaining operating lease term | |
| 0.58
years | | |
| 0.77 years | |
| Weighted average remaining finance lease term | |
| 0.81 years | | |
| - | |
| Weighted average discount rate for operating lease | |
| 4.75 | % | |
| 4.30 | % |
| Weighted average discount rate for finance lease | |
| 4.75 | % | |
| - | |
|