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LEASES (Tables)
 12 Months Ended
Sep. 30, 2022
Leases  
SUMMARY OF FINANCE AND OPERATING LEASE LIABILITIES

Finance and operating lease liabilities consist of the following:

 

   September 30,   September 30, 
   2022   2021 
Lease liabilities - current          
Finance leases  $-   $- 
Operating leases   818,730    830,791 
    818,730    830,791 
           
Lease liabilities - net of current portion          
Finance leases  $-   $- 
Operating leases   1,822,468    2,017,408 
   $1,822,468   $2,017,408 
SCHEDULE OF RECONCILIATION OF UNDISCOUNTED CASH FLOWS TO FINANCE AND OPERATING LEASE LIABILITIES

A reconciliation of undiscounted cash flows to operating lease liabilities recognized in the Consolidated Balance Sheet at September 30, 2022, is set forth below:

 

Years ending September 30,  Operating Leases   Total 
2023   853,544    853,544 
2024   672,828    672,828 
2025   650,494    650,494 
2026   520,048    520,048 
2027 & Thereafter   187,961    187,961 
Undiscounted lease payments   2,884,875    2,884,875 
Amount representing interest   (243,677)   (243,677)
Discounted lease payments  $2,641,198   $2,641,198 
SCHEDULE OF LEASE COSTS

Additional disclosures of lease data are set forth below:

 

   For the years ended 
   September 30, 
   2022   2021 
Lease costs:          
Finance lease costs:          
Depreciation of finance lease assets  $-   $17,184 
Interest on lease liabilities   -    88 
           
Operating lease costs:          
Operating lease expense  $686,124   $980,062 
           
Other information:          
Cash paid for amounts included in the measurement of lease liabilities:          
Operating leases  $978,443   $962,790 
Finance leases   -    20,061 
   $978,443   $982,851 
           
Weighted-average remaining lease term - finance leases (months)   0    0 
Weighted-average remaining lease term - operating leases (months)   33    55 
           
Weighted-average discount rate - finance leases   N/A    3.63%
Weighted-average discount rate - operating leases   5.66%   6.85%