v3.25.2
PROPERTY AND EQUIPMENT
 9 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 11 – PROPERTY AND EQUIPMENT

 

Property and equipment are summarized as follows:

 

   June 30,   September 30, 
   2025   2024 
Land  $945,279   $945,279 
Building and leasehold improvements   4,413,642    4,388,556 
Furniture and office equipment   619,209    600,186 
Computers and software   1,333,135    1,333,135 
Machinery and equipment   14,931,107    13,578,702 
Property and equipment, gross   22,242,372    20,845,858 
Less: Accumulated depreciation   (12,668,998)   (11,712,280)
Property and equipment, net  $9,573,374   $9,133,578 

 

Depreciation expense for the three and nine months ended June 30, 2025 and 2024, was $312,905 and $960,930, and $325,451 and $998,641, respectively, and is recorded in cost of revenues and general and administrative expenses on the Company’s unaudited condensed consolidated statements of operations.