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PROPERTY AND EQUIPMENT
 12 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 9 – PROPERTY AND EQUIPMENT

 

Property and equipment are summarized as follows.

 

   September 30, 2025   September 30, 2024 
Land  $945,279   $945,279 
Building and leasehold improvements   4,482,978    4,388,556 
Furniture and office equipment   625,995    600,186 
Computers and software   2,685,331    2,683,512 
Machinery and equipment   13,927,502    12,228,325 
Property and equipment, gross   22,667,085    20,845,858 
Less: Accumulated depreciation   (13,015,089)   (11,712,280)
Property and equipment, net  $9,651,996   $9,133,578 

 

The Company completed the annual impairment test of property and equipment and determined that there was no impairment as the fair value of property and equipment substantially exceeded their carrying values at September 30, 2025. Depreciation and amortization of property and equipment totaled approximately $1,355,538 and $1,328,741 for fiscal years ended September 30, 2025, and 2024, respectively and are recorded as general and administrative expenses on the Company’s Consolidated Statements of Operations. Additionally, depreciation and amortization of property and equipment of approximately $118,463 and $53,895 for fiscal years ended September 30, 2025, and 2024, respectively and are recorded as cost of revenues, Security on the Company’s Consolidated Statements of Operations.

 

 

Cemtrex Inc. and Subsidiaries