v3.25.4
Property and Equipment, Net
 12 Months Ended
Sep. 30, 2025
Property and Equipment, Net [Abstract]  
Property and Equipment, net

5. Property and Equipment, net

 

Property and equipment, net consist of the following:

 

   September 30,
2025		   September 30,
2024		 
   US$   US$ 
Land   
     -
    721,462 
Buildings   
     -
    849,961 
Machinery & equipment   2,009,888    2,008,987 
Vehicles   153,996    153,996 
Furniture and fixtures   167,658    160,349 
Software   870,728    870,728 
Leasehold improvement   301,034    17,329 
Total   3,503,304    4,782,812 
Less: Accumulated depreciation  $(3,069,627)  $(3,184,989)
Property and equipment, net   433,677    1,597,823 

Depreciation expenses was recorded in general and administrative expense. The Company recorded depreciation expenses of US$189,096 and US$203,780 for the years ended September 30, 2025 and 2024, respectively.

 

On December 22, 2024, the Company completed the sale of a property (land and building) for gross proceeds of $1,700,000. After deducting settlement charges and transaction costs totaling $242,475, the Company received net cash proceeds of $1,457,525. The property had a carrying value of $825,764 (original cost of $1,075,741, net of accumulated depreciation of $249,977) at the date of sale. This transaction resulted in a recognized gain on disposal of $631,761.

 

On April 11, 2025, the Company completed the sale of a property (land and building) for gross proceeds of $325,000. After deducting settlement charges and transaction costs totaling $34,397, the Company received net cash proceeds of $290,603. The property had a carrying value of $442,129 (original cost of $495,682, net of accumulated depreciation of $53,553) at the date of sale. This transaction resulted in a recognized loss on disposal of $151,526