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INTANGIBLE ASSETS, NET

12 Months Ended

Sep. 30, 2022

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET

NOTE 7 – INTANGIBLE ASSETS, NET

Intangible assets, net consisted of the following:

​

​	​	​	​	​	​	​
​		As of			As of
​	​	September 30, 2022		​	September 30, 2021
Land use rights	​	$	2,313,861	​	$	2,521,646
Software	​		39,832	​		43,875
License for drug manufacturing	​		56,231	​		61,939
Total	​		2,409,924	​		2,627,460
Less: accumulated amortization	​		(682,996)	​		(699,527)
Intangible assets, net	​	$	1,726,928	​	$	1,927,933

​

Amortization expense was $52,028, $55,782, and $50,274 for the years ended September 30, 2022, 2021 and 2020, respectively.

Estimated future amortization expense for intangible assets is as follows:

​

​	​	​	​
​		Amortization
Year ending September 30,	​	expense
2023	​	$	52,668
2024	​		52,668
2025	​		52,668
2026	​	​	52,668
2027	​	​	52,668
Thereafter	​		1,463,587
​	​	$	1,726,928

​

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

+ Details

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