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INTANGIBLE ASSETS, NET

12 Months Ended

Sep. 30, 2021

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET

NOTE 7 – INTANGIBLE ASSETS, NET

Intangible assets, net consisted of the following:

​

​	​	​	​	​	​	​
​		As of			As of
​	​	September 30, 2021		​	September 30, 2020
Land use rights	​	$	2,521,646	​	$	2,393,660
Software	​		43,875	​		39,916
License for drug manufacturing	​		61,939	​		58,796
Total	​		2,627,460	​		2,492,372
Less: accumulated amortization	​		(699,527)	​		(610,650)
Intangible assets, net	​	$	1,927,933	​	$	1,881,722

​

Amortization expense was $55,782, $50,274, and $50,351 for the years ended September 30, 2021, 2020 and 2019, respectively.

Estimated future amortization expense for intangible assets is as follows:

​

​	​	​	​
​		Amortization
Year ending September 30,	​	expense
2022	​	$	55,914
2023	​		55,307
2024	​		55,307
2025	​		55,307
2026	​	​	55,307
Thereafter	​		1,650,791
​	​	$	1,927,933

​

X

- 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://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-URI https://asc.fasb.org/subtopic&trid=2144471

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