v3.26.1
INTANGIBLE ASSETS, NET
12 Months Ended
Sep. 30, 2025
INTANGIBLE ASSETS, NET  
INTANGIBLE ASSETS, NET

NOTE 7 – INTANGIBLE ASSETS, NET

Intangible assets, net consisted of the following:

  ​ ​ ​

As of

  ​ ​ ​

As of

September 30, 2025

September 30, 2024

Land use rights

$

4,168,167

$

4,226,520

Software

 

6,376,569

 

1,118,650

License for drug manufacturing

 

56,293

 

57,082

Total

 

10,601,029

 

5,402,252

Less: accumulated amortization

 

(6,113,448)

 

(862,905)

Intangible assets, net

$

4,487,581

$

4,539,347

Amortization expense was $149,436, $101,846, and $65,688 for the years ended September 30, 2025, 2024 and 2023, respectively. The land use right was pledged for the bank loans. Refer to Note 9.

Estimated future amortization expense for intangible assets is as follows:

  ​ ​ ​

Amortization

Year ending September 30,

expense

2026

 

113,777

2027

100,733

2028

100,507

2029

100,507

Thereafter

 

4,072,057

$

4,487,581