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PREPAID AND OTHER CURRENT ASSETS
6 Months Ended
Mar. 31, 2023
Prepaid And Other Current Assets  
PREPAID AND OTHER CURRENT ASSETS

NOTE  10 – PREPAID AND OTHER CURRENT ASSETS

 

On March 31, 2023, the Company had prepaid and other current assets consisting of prepayments on inventory purchases of $665,525, costs and estimated earnings in excess of billings on uncompleted contracts of $794,416, and other current assets of $1,128,459. On September 30, 2022, the Company had prepaid and other current assets consisting of prepayments on inventory purchases of $414,997, costs and estimated earnings in excess of billings on uncompleted contracts of $781,819, accrued income taxes refunds on foreign operations of $37,761, and prepaid expenses and other current assets of $1,187,067.