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INTANGIBLE ASSETS, NET
6 Months Ended
Mar. 31, 2025
INTANGIBLE ASSETS, NET  
INTANGIBLE ASSETS, NET

NOTE 7 – INTANGIBLE ASSETS, NET

Intangible assets, net consisted of the following:

    

As of

    

As of

March 31, 2025

September 30, 2024

Land use rights

$

4,125,953

$

4,226,520

Software

 

1,266,070

 

1,118,650

License for drug manufacturing

 

55,724

 

57,082

Total

 

5,447,747

 

5,402,252

Less: accumulated amortization

 

(861,763)

 

(862,905)

Intangible assets, net

$

4,585,984

$

4,539,347

Amortization expense was $19,420, $40,689, and $24,249 for the six months ended March 31, 2025, 2024 and 2023 respectively. The land use right was pledged for the bank loans. Refer to Note 9.

Estimated future amortization expense for intangible assets is as follows:

    

Amortization

Year ending September 30,

expense

2025

$

84,279

2026

 

84,166

2027

83,603

2028

83,603

2029

83,603

Thereafter

 

4,166,730

$

4,585,984