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Property, plant, and equipment, net
 12 Months Ended
Sep. 30, 2024
Property, plant, and equipment, net  
Property, plant, and equipment, net

Note 8 – Property and equipment, net

 

Property and equipment, stated at cost less accumulated depreciation, consisted of the following:

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Machinery and equipment

 

$2,356,528

 

 

$9,498,312

 

Property and buildings

 

 

740,140

 

 

 

7,621,567

 

Vehicles

 

 

25,347

 

 

 

215,198

 

Office equipment

 

 

-

 

 

 

86,291

 

Subtotal

 

 

3,122,015

 

 

 

17,421,368

 

Construction in progress

 

 

-

 

 

 

5,162,523

 

Less: accumulated depreciation

 

 

(1,109,060)

 

 

(8,749,498)

Property, and equipment, net

 

$2,012,955

 

 

$13,834,393

 

 

Depreciation expenses were $1,389,926, $1,564,673, and $1,365,830 for the fiscal years ended September 30, 2024, 2023, and 2022, respectively.