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v3.25.4

Property and Equipment | 9 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2025 | Sep. 30, 2024
Property and Equipment [Abstract] |  |
Property and Equipment | Note 6 - Property and Equipment Property and equipment included in continuing operations consist of the following:
|  | As of June 30, 2025 |  |  | As of September 30, |
|  | (unaudited) |  |  | 2024 |
Office equipment |  | $ | 17,790 |  |  | $ | 13,298 |
Renovation |  |  | 155,975 |  |  |  | 153,886 |
Plant and machinery |  |  | 1,446,001 |  |  |  | 1,456,801 |
Subtotal |  |  | 1,619,766 |  |  |  | 1,623,985 |
Less: accumulated depreciation |  |  | (163,353 | ) |  |  | (30,585 | )
Total property and equipment, net |  | $ | 1,456,413 |  |  | $ | 1,593,400 |
Depreciation of property and equipment is computed on a straight-line basis over its estimated useful life at the following annual rates:
Office equipment |  |  | 20 | %
Renovation |  |  | 20 | %
Plant and machinery |  |  | 10 | %
Depreciation expense amounted to $43,800 and $2,247 for the three months ended June 30, 2025 and 2024, respectively, and $128,200 and $3,858 for the nine months ended June 30, 2025 and 2024, respectively, which have been recorded in general and administrative expenses in the unaudited condensed consolidated statements of operations. | Note 7 - Property and Equipment Property and equipment included in continuing operations consist of the following:
|  | As of September 30, |  |  | As of September 30, |
|  | 2024 |  |  | 2023 |
Office equipment |  | $ | 13,298 |  |  | $ | 1,701 |
Renovation |  |  | 153,886 |  |  |  | - |
Plant and Machinery |  |  | 1,456,801 |  |  |  | - |
Subtotal |  | $ | 1,623,985 |  |  | $ | 1,701 |
Less: accumulated depreciation |  |  | (30,585 | ) |  |  | (103 | )
Total property and equipment, net |  | $ | 1,593,400 |  |  | $ | 1,598 |
Depreciation of property and equipment is computed on a straight-line basis over its estimated useful life at the following annual rates:
Office equipment |  |  | 20 | %
Renovation |  |  | 20 | %
Plant and machinery |  |  | 10 | %
Depreciation expense for the years ended September 30, 2024 and 2023 amounted to $27,113 and $103, respectively, which have been recorded in general and administrative expenses in the consolidated statements of operations. The Company has entered into four contracts with Beijing Xi Yu International Trade Co. Ltd from China for the purchase of artificial graphite machineries for a total cost of approximately $1.3 million. Full payments made upon order confirmation and shipment from the main port in Tianjin to Port Klang in Malaysia. The guarantee period is within 15 months after arrival date and during this period the Seller shall be responsible for the damage due to the defects in designing and manufacturing of the machineries.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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