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Property and Equipment
 12 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 10 – PROPERTY AND EQUIPMENT

 

Property and equipment are summarized as follows:

 

    September 30,     September 30,  
    2019     2018  
Land   $ -     $ 1,063,715  
Building and leasehold improvements     1,233,733       5,321,926  
Furniture and office equipment     614,569       2,685,315  
Computers and software     5,166,922       6,762,046  
Trade show display     89,330       -  
Machinery and equipment     23,463,953       22,102,390  
      30,568,507       37,935,392  
                 
Less: Accumulated depreciation     (13,791,955 )     (10,634,738 )
Property and equipment, net   $ 16,776,552     $ 27,300,654  

 

The Company completed the annual impairment test of property and equipment and determined that there was no impairment as the fair value of property and equipment, substantially exceeded their carrying values at September 30, 2019. Depreciation and amortization of property and equipment totaled approximately $3,013,986 and $4,181,120 for fiscal years ended September 30, 2019 and 2018, respectively. At September 30, 2019, the Company has $8,761,677 net value of property and equipment that are considered idol.