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INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Sep. 30, 2022

INTANGIBLE ASSETS, NET

Schedule of 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

​

Schedule of estimated future amortization expense for intangible assets

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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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 30
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