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
6.PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant and equipment, net consisted of the following:

 

    As of
March 31,
2026		     As of
September 30,
2025		  
    (Unaudited)        
Property and buildings   $ 17,674,164     $ 11,464,247  
Machinery and equipment     5,842,792       5,304,738  
Vehicle     193,164       187,476  
Office and electric equipment     156,961       151,449  
Buildings improvement     328,088       317,903  
Subtotal     24,195,169       17,425,813  
Less: impairment     930,819       901,923  
Less: accumulated depreciation     6,589,848       5,936,038  
Property, plant and equipment, net   $ 16,674,502     $ 10,587,852  

 

As of the date of this unaudited condensed consolidated financial statements, Work Hangzhou has not obtained the property ownership certificate for two buildings.

 

As of March 31, 2026, buildings with a net book value of $2,047,875 were pledged as collateral to secure for the borrowings of $6,161,206 from Xiaoshan Rural Commercial Bank.

 

Depreciation expenses were $470,244 and $297,541 for the six months ended March 31, 2026 and 2025, respectively.

 

No impairment was recognized for the six months ended March 31, 2026 and 2025.