RIGHT-OF-USE ASSETS AND LEASE (Tables)
|
9 Months Ended |
Jun. 30, 2026 |
|---|
| Right-of-use Assets And Lease |
|
| SUMMARY OF OPERATING LEASE ASSETS AND LIABILITIES |
The
following table provides a summary of leases as of June 30, 2026 and September 30, 2025:
SUMMARY
OF OPERATING LEASE ASSETS AND LIABILITIES
| Assets/liabilities | |
Classification | |
June
30, 2026 | | |
September
30, 2025 | |
| Assets | |
| |
| | | |
| | |
| Operating lease right-of-use assets | |
Operating lease assets | |
$ | 4,834 | | |
$ | 89,073 | |
| Finance lease right-of-use assets | |
Finance lease assets | |
| - | | |
| 111,931 | |
| Total lease assets | |
| |
$ | 4,834 | | |
$ | 201,004 | |
| | |
| |
| | | |
| | |
| Liabilities | |
| |
| | | |
| | |
| Current | |
| |
| | | |
| | |
| Operating lease liability - current | |
Current operating lease liabilities | |
$ | 4,141 | | |
$ | 52,017 | |
| Finance lease liability - current | |
Current finance lease liabilities | |
| - | | |
| 75,765 | |
| | |
| |
| 4,141 | | |
| 127,782 | |
| Long-term | |
| |
| | | |
| | |
| Operating lease liability – net of current portion | |
Long-term operating lease liabilities | |
$ | - | | |
$ | 34,006 | |
| Finance lease liability – net of current portion | |
Long-term finance lease liabilities | |
| - | | |
| - | |
| | |
| |
| | | |
| | |
| Total lease liabilities | |
| |
$ | 4,141 | | |
$ | 161,788 | |
|
| SUMMARY OF OPERATING LEASE EXPENSE |
The
operating lease expense for the three and nine months ended June 30, 2026 and 2025 was as follows:
SUMMARY
OF OPERATING LEASE EXPENSE
| Lease cost | |
Classification | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
| |
Three Months Ended June 30, | | |
Nine
Months Ended June 30, | |
| Lease cost | |
Classification | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Operating lease cost | |
| |
| | | |
| | | |
| | | |
| | |
| Lease expenses – short-term | |
General and administrative | |
$ | - | | |
$ | - | | |
$ | 81 | | |
$ | 9,299 | |
| Lease expenses | |
General and administrative | |
| 35,033 | | |
| 9,934 | | |
| 109,946 | | |
| 153,827 | |
| Finance lease cost | |
| |
| | | |
| | | |
| | | |
| | |
| Amortization of leased asset | |
Cost of sales | |
| 13,209 | | |
| 44,570 | | |
| 114,853 | | |
| 138,350 | |
| Interest on lease liabilities | |
Other expense - other | |
| 10 | | |
| 1,700 | | |
| 1,000 | | |
| 6,829 | |
| Total lease cost | |
| |
$ | 48,252 | | |
$ | 56,204 | | |
$ | 225,880 | | |
$ | 308,305 | |
|
| SCHEDULE OF MATURITY OF LEASE LIABILITIES |
Maturities
of operating lease and finance lease liabilities as of June 30, 2026 were as follows:
SCHEDULE
OF MATURITY OF LEASE LIABILITIES
| Maturity of Lease Liabilities | |
Operating lease | | |
Finance lease | |
| 2027 | |
$ | 4,156 | | |
$ | - | |
| 2028 | |
| - | | |
| - | |
| Thereafter | |
| - | | |
| - | |
| Total lease payments | |
| 4,156 | | |
| - | |
| Less: Interest | |
| (15 | ) | |
| - | |
| Present value of lease payments | |
$ | 4,141 | | |
$ | - | |
Maturities
of operating lease and finance lease liabilities as of September 30, 2025, were as follows:
| Maturity of Lease Liabilities | |
Operating lease | | |
Finance lease | |
| 2026 | |
$ | 58,997 | | |
$ | 76,739 | |
| 2027 | |
| 29,499 | | |
| - | |
| Thereafter | |
| - | | |
| - | |
| Total lease payments | |
| 88,496 | | |
| 76,739 | |
| Less: Interest | |
| (2,473 | ) | |
| (974 | ) |
| Present value of lease payments | |
$ | 86,023 | | |
$ | 75,765 | |
|
| SCHEDULE OF OPERATING LEASES |
Supplemental
information related to operating leases and finance leases was as follows:
SCHEDULE
OF OPERATING LEASES
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three
Months Ended June 30, | | |
Nine
Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Cash paid for amounts included in the measurement of lease liabilities | |
$ | 9,634 | | |
$ | 49,973 | | |
$ | 118,931 | | |
$ | 292,132 | |
| New operating lease assets obtained in exchange for operating lease liabilities | |
$ | 1,902 | | |
$ | 115 | | |
$ | 195,520 | | |
$ | 8,951 | |
| | |
Nine
Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| Weighted average remaining operating lease term | |
| 0.58
years | | |
| 0.58 years | |
| Weighted average remaining finance lease term | |
| - | | |
| 0.81 years | |
| Weighted average discount rate for operating lease | |
| 4.75 | % | |
| 4.75 | % |
| Weighted average discount rate for finance lease | |
| - | | |
| 4.75 | % |
|