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

Note 6 – Property and Equipment

 

Property and equipment included in continuing operations consist of the following:

 

   As of
June 30,
2025		   As of
September 30,
 
  

(unaudited) 

   2024 
Office equipment  $17,790   $13,298 
Renovation   155,975    153,886 
Plant and machinery   1,446,001    1,456,801 
Subtotal   1,619,766    1,623,985 
Less: accumulated depreciation   (163,353)   (30,585)
Total property and equipment, net  $1,456,413   $1,593,400 

Depreciation of property and equipment is computed on a straight-line basis over its estimated useful life at the following annual rates:

 

Office equipment   20%
Renovation   20%
Plant and machinery   10%

 

Depreciation expense amounted to $43,800 and $2,247 for the three months ended June 30, 2025 and 2024, respectively, and $128,200 and $3,858 for the nine months ended June 30, 2025 and 2024, respectively, which have been recorded in general and administrative expenses in the unaudited condensed consolidated statements of operations.