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PROPERTY AND EQUIPMENT
 3 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 12 – PROPERTY AND EQUIPMENT

 

Property and equipment are summarized as follows:

 

   December 31, 2023   September 30, 2023 
Land  $945,279   $945,279 
Building and leasehold improvements   4,370,732    4,362,062 
Furniture and office equipment   595,397    579,700 
Computers and software   1,333,135    1,333,135 
Machinery and equipment   12,744,304    12,488,639 
Property and equipment, gross   19,988,847    19,708,815 
Less: Accumulated depreciation   (10,818,471)   (10,490,114)
Property and equipment, net  $9,170,376   $9,218,701 

 

Depreciation expense for the three months ended December 31, 2023, and 2022, was $368,301 and $530,830, respectively and is recorded in general and administrative expenses on the Company’s Condensed consolidated statements of operations.