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Leases | 12 Months Ended
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Sep. 30, 2020
Leases [Abstract] |
Leases | Note 16 — Leases As discussed in Note 2, the Company adopted ASU No. 2016-02, “Leases”, the operating lease expense is recorded on a straight-line basis over the lease term. Lease costs were as follows :
|  | Year ended September 30, 2020 |
Total net lease cost(*) |  | $ | 91,025 |
(*) | Variable lease cost is immaterial
Supplemental information related to operating lease transactions was as follows:
|  | Year ended September 30, 2020 |  |
Lease liability payments |  | $ | 88,272 |  |
Lease assets obtained in exchange for liabilities |  | $ | 87,820 |  |
|  | As of September 30, 2020 |
Weighted average remaining lease term — Operating leases |  |  | 6.8 Years |
Weighted average discount rate — Operating leases |  |  | 3.5 | %
The following maturity analysis presents future undiscounted cash outflows for operating leases as of September 30, 2020
For the year ended September 30, |  |  |
2021 |  | $ | 70,485 |
2022 |  |  | 63,315 |
2023 |  |  | 41,799 |
2024 |  |  | 33,343 |
2025 |  |  | 28,088 |
Thereafter |  |  | 107,216 |
Total lease payments |  | $ | 344,246 |
Less: imputed interest |  |  | (55,070 | )
Present value of lease liabilities |  | $ | 289,176 |
Future minimum rental commitments under non-cancelable operating leases as of September 30, 2019, which were accounted for per prior lease accounting (ASC 840), were as follows:
For the year ended September 30, |  |  |
2020 |  | $ | 69,043 |
2021 |  |  | 60,544 |
2022 |  |  | 51,863 |
2023 |  |  | 31,951 |
2024 |  |  | 24,350 |
Thereafter |  |  | 93,845 |
|  | $ | 331,596 |
As of September 30, 2020, the Company had no material finance leases. Rent expense per prior lease accounting (ASC 840), net of sublease income was approximately $65,692 and $63,603 for fiscal years 2019 and 2018, respectivel y .

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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