| Leases |
7. Leases
The Company’s rights-of-use
assets and lease liabilities recognized in the Consolidated Balances Sheets consist of the following:
| | |
September 30,
2025 | | |
September 30,
2024 | |
| | |
US$ | | |
US$ | |
| Rights-of-use assets – operating lease | |
| 2,141,754 | | |
| 2,785,008 | |
| Operating lease liabilities - current | |
| 752,429 | | |
| 641,254 | |
| Operating lease liabilities – non-current | |
| 1,582,108 | | |
| 2,181,769 | |
| | |
| 2,334,537 | | |
| 2,823,023 | |
The component of lease expenses
are as follows:
| | |
September 30,
2025 | | |
September 30,
2024 | |
| | |
US$ | | |
US$ | |
| Operating lease cost | |
| 1,033,659 | | |
| 739,998 | |
Other information about the
Company’s leases is as follows:
| | | September 30,
2025 | | | September 30,
2024 | | | | | US$ | | | US$ | | | Weighted-average remaining lease term | | | 6.79 years | | | | 6.68 years | | | Weighted average discount rate | | | 11.30 | % | | | 11.15 | % |
The following is a maturity
analysis of the annual undiscounted cash flows for lease liabilities as of September 30, 2025:
| | |
Total | |
| | |
US$ | |
| Years ending September 30, | |
| | |
| 2026 | |
| 797,161 | |
| 2027 | |
| 271,921 | |
| 2028 | |
| 328,000 | |
| 2029 | |
| 337,720 | |
| 2030 and beyond | |
| 1,844,918 | |
| Total minimum lease payment | |
| 3,579,720 | |
| Less: imputed interest | |
| (1,245,183 | ) |
| Total lease liabilities | |
| 2,334,537 | |
| Less: current potion | |
| 752,429 | |
| Non-current portion | |
| 1,582,108 | |
|