v3.26.1
Leases
6 Months Ended
Mar. 31, 2026
Leases [Abstract]  
LEASES

6. LEASES

 

The Company’s noncancelable operating leases consist of leases for land. The Company is the lessee under the terms of the operating leases. For the six months ended March 31, 2026 and 2025, the operating lease cost was $0.43 million and $0.67 million, respectively.

 

The Company’s operating leases have remaining lease terms that range from approximately 1 year to 8 years. As of March 31, 2026 and September 30, 2025, the weighted average remaining lease term and weighted average discount rate were 8 years and 11.35 years, 4.90% and 4.88%, respectively.

 

Maturities of lease liabilities were as follows:

 

Six months ended March 31, 2026 (Unaudited)  Operating
Lease
 
2027  $316,501 
2028   316,501 
2029   316,501 
2030   316,501 
2031   316,501 
From 2032 to September 30, 2033   791,255 
Total  $2,373,760 
Less: amounts representing interest  $390,664 
Present value of future minimum lease payments   1,983,096 
Less: Current obligations   224,323 
Long term obligations  $1,758,773