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PROPERTY AND EQUIPMENT
 6 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 12 – PROPERTY AND EQUIPMENT

 

Property and equipment are summarized as follows:

 

   March 31,   September 30, 
   2024   2023 
Land  $945,279   $945,279 
Building and leasehold improvements   4,372,598    4,362,062 
Furniture and office equipment   597,198    579,700 
Computers and software   1,333,135    1,333,135 
Machinery and equipment   12,806,142    12,488,639 
Property and equipment, gross   20,054,352    19,708,815 
Less: Accumulated depreciation   (11,152,301)   (10,490,114)
Property and equipment, net  $8,902,051   $9,218,701 

 

Depreciation expense for the three and six months ended March 31, 2024 and 2023, was $304,889 and $673,190, and $209,053 and $448,388, respectively and is recorded in cost of revenues and general and administrative expenses on the Company’s condensed consolidated statements of operations.