XML 44 R32.htm IDEA: XBRL DOCUMENT v3.22.2.2
LEASES (Tables)
 9 Months Ended
Jun. 30, 2022
Leases  
SUMMARY OF FINANCE AND OPERATING LEASE LIABILITIES

Finance and operating lease liabilities consist of the following:

 

   June 30,   September 30, 
   2021   2021 
Lease liabilities - current          
Finance leases  $-   $- 
Operating leases   819,488    830,791 
    819,488    830,791 
           
Lease liabilities - net of current portion          
Finance leases  $-   $- 
Operating leases   1,799,002    2,017,408 
   $1,799,002   $2,017,408 
SCHEDULE OF RECONCILIATION OF UNDISCOUNTED CASH FLOWS TO FINANCE AND OPERATING LEASE LIABILITIES

A reconciliation of undiscounted cash flows to finance and operating lease liabilities recognized in the condensed consolidated balance sheet at June 30, 2022, is set forth below:

 

 

Years ending September 30,  Finance leases   Operating Leases   Total 
2022   -    275,319    275,319 
2023   -    834,504    834,504 
2024   -    660,865    660,865 
2025   -    638,531    638,531 
2026 & Thereafter   -    702,252    702,252 
Undiscounted lease payments   -    3,111,471    3,111,471 
Amount representing interest   -    (492,981)   (492,981)
Discounted lease payments  $-   $2,618,490   $2,618,490 
SCHEDULE OF LEASE COSTS

Additional disclosures of lease data are set forth below:

 

   Nine months ended 
   June 30, 2022   June 30, 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   $727,374 
           
Other information:          
Cash paid for amounts included in the measurement of lease liabilities:          
Operating leases  $546,896   $650,535 
Finance leases   -    28,535 
   $546,896   $679,070 
           
Weighted-average remaining lease term - finance leases (months)   0    3 
Weighted-average remaining lease term - operating leases (months)   33    58 
           
Weighted-average discount rate - finance leases   N/A    3.63%
Weighted-average discount rate - operating leases   5.66%   6.85%