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Land use right, net
12 Months Ended
Sep. 30, 2024
Land use right, net  
Land use right, net

Note 9 – Land use right, net

 

Land use right, net, consisted of the following:

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Land use right

 

$6,598,974

 

 

$6,887,433

 

Less: accumulated amortization

 

 

(393,665)

 

 

(233,767)

Land use right, net

 

$6,205,309

 

 

$6,653,666

 

 

Amortization expense was $211,283, $198,499, and $11,493 for the fiscal years ended September 30, 2024, 2023, and 2022, respectively.

 

Estimated future amortization expense is as follows:

 

 

 

 Amortization

 

 

 

expense

 

Fiscal 2025

 

$205,390

 

Fiscal 2026

 

 

205,390

 

Fiscal 2027

 

 

205,390

 

Fiscal 2028

 

 

205,390

 

Fiscal 2029

 

 

205,390

 

Thereafter

 

 

5,178,358

 

Total

 

$6,205,309