| Schedule of Property, Plant and Equipment, Net |
Property,
plant and equipment, net, consist of the following:
| | |
March 31,
2026 | | |
September 30,
2025 | |
| Buildings | |
$ | 2,533,424 | | |
$ | 2,454,205 | |
| Machinery and equipment | |
| 1,947,025 | | |
| 1,886,537 | |
| Motor vehicles | |
| 286,229 | | |
| 277,531 | |
| Office and electric equipment | |
| 716,458 | | |
| 675,424 | |
| Leasehold improvements | |
| 296,657 | | |
| 287,642 | |
| Construction
in progress (1) | |
| 8,542,580 | | |
| 6,537,800 | |
| Subtotal | |
| 14,322,373 | | |
| 12,119,139 | |
| Less:
accumulated depreciation | |
| (4,472,532 | ) | |
| (4,223,754 | ) |
| Property,
plant and equipment, net | |
$ | 9,849,841 | | |
$ | 7,895,385 | |
| (1) | The Company is constructing a new manufacturing facility in Chuzhou City, Anhui, to expand the production capacity for its premium mobility products, particularly mid-to-high-end electric wheelchairs and senior mobility scooters. The investment budget for the new manufacturing facility is approximately RMB86.8 million (approximately $12.6 million) after VAT deduction. The construction was originally expected to be completed in October 2025. Due to enhancements and optimizations to the internal renovation work, as well as the addition of supplementary deepened smart factory systems for the intelligent plant initiative, the completion of the construction in progress is postponed to October 2026. As of March 31, 2026, total cost incurred for the construction was $8,542,580 (approximately RMB59.0 million). Construction in progress is not depreciated until placed in service. |
|