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INTANGIBLE ASSETS, NET

12 Months Ended

Sep. 30, 2020

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET

NOTE 7 – INTANGIBLE ASSETS, NET

Intangible assets, net consisted of the following:

		As of			As of
		September 30, 2020			September 30, 2019
Land use rights		$	2,393,660		$	2,281,326
Software			39,916			28,794
License for drug manufacturing			58,796			56,648
Total			2,492,372			2,366,768
Less: accumulated amortization			(610,650)			(532,638)
Intangible assets, net		$	1,881,722		$	1,834,130

Amortization expense was $50,274,  $50,351 and $55,956 for the years ended September 30, 2020, 2019 and 2018, respectively.

Estimated future amortization expense for intangible assets is as follows:

		Amortization
Year ending September 30,		expense
2021		$	58,554
2022			56,942
2023			54,721
2024			52,326
2025			52,326
Thereafter			1,606,853
		$	1,881,722

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- References

No definition available.

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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