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Leases (Tables) | 12 Months Ended
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Sep. 30, 2020
Leases [Abstract] |
Disclosure of Lease Cost | Lease costs were as follows :
|  | Year ended September 30, 2020 |
Total net lease cost(*) |  | $ | 91,025 |
(*) | Variable lease cost is immaterial
Summary of Supplemental Information Related to Operating Lease | 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 | %
Future Undiscounted Cash Outflows for Operating Leases Maturity | 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 |
Minimum Rental Commitments under Non-Cancelable Operating Leases Accounted for ASC 840 | 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 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
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