v3.26.1
Property, Plant and Equipment, Net
 6 Months Ended
Mar. 31, 2026
Property, Plant and Equipment, Net [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant, and equipment as of March 31, 2026 and September 30, 2025 consisted of the following:

 

   March 31,
2026		   September 30,
2025		 
Buildings  $10,976,264   $4,702,714 
Machinery and equipment   14,526,235    9,439,854 
Transportation vehicles   1,135,923    1,100,660 
Office equipment   639,770    636,766 
Construction in progress (“CIP”)   7,875,091    9,096,839 
Total property, plant, and equipment, at cost   35,153,283    24,976,833 
Less: accumulated depreciation   (10,325,276)   (9,658,083)
Property, plant, and equipment, net  $24,828,007   $15,318,750 

Depreciation expense was $368,516 and $314,344 for the six months ended March 31, 2026 and 2025, respectively. During the six months ended March 31, 2026, the Company sold fixed assets with a net carrying value of $856, and recorded gain on sale of fixed assets of $28. During the six months ended March 31, 2025, the Company sold fixed assets with a net carrying value of $13,191, and recorded gain on sale of fixed assets of $1,448.

 

As of March 31, 2026 and September 30, 2025, the Company pledged buildings to secure banking facilities granted to the Company. The carrying values of the pledged buildings to secure bank borrowings by the Company are shown in Note 11.