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Commitments and Contingencies
 12 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 18 — COMMITMENTS AND CONTINGENCIES

 

From time to time, the Company is a party to various legal actions arising in the ordinary course of business. The Company accrues costs associated with these matters when they become probable and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. For the years ended September 30, 2022, 2021 and 2020, the Company did not have any material legal claims or litigation that, individually or in aggregate, could have a material adverse impact on the Company’s consolidated financial position, results of operations and cash flows.

 

The Company has an ongoing CIP project associated with the construction of a new manufacturing facility. As of September 30, 2022, future minimum capital expenditures on the Company’s CIP project amounted to approximately $13.5 million, among which, approximately $3.5 million is required for the next 12 months from the date of this report (see Note 11).