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PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET | 9 Months Ended
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Jun. 30, 2023
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET |
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET | NOTE 14 – PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET Property, equipment, and leasehold improvements, net consists of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | September 30,
​ | ​ | 2023 | ​ | 2022
Buildings | ​ | $ | 48,120,753 | ​ | $ | 7,659,121
Land | ​ | ​ | 3,040,303 | ​ | ​ | 647,576
Furniture and equipment | ​ |  | 682,798 | ​ |  | 556,948
Vehicles | ​ |  | 335,183 | ​ |  | 96,363
Show room assets | ​ | ​ | 4,428,544 | ​ | ​ | 4,418,724
Computer hardware and software | ​ |  | 2,016,046 | ​ |  | 1,013,308
Machinery and equipment | ​ |  | 32,070,385 | ​ |  | 7,383,612
Construction-in-progress | ​ | ​ | 12,237,665 | ​ | ​ | 269,778
Leasehold improvements | ​ |  | 186,341 | ​ |  | 76,438
Subtotal | ​ |  | 103,118,018 | ​ |  | 22,121,868
Less: accumulated depreciation | ​ |  | (11,367,499) | ​ |  | (4,335,166)
Property, Equipment and Leasehold Improvements, net | ​ | $ | 91,750,519 | ​ | $ | 17,786,702
​ Property, plant and equipment assets are stated at cost, net of accumulated depreciation. Depreciation expense related to property, equipment, and leasehold improvements for the three and nine months ended June 30, 2023, was $1,680,595 and $7,050,864, and was $86,598 and $251,780 for the three and nine months ended June 30, 2022, respectively. The ELMS asset acquisition closed on November 30, 2022 (See Note 4 – Purchase of assets from ELMS), and include property, plant, and equipment additions of:
| ● | The Mishawaka, Indiana factory, which consisted of land and building of $1.44 million and $41.29 million, respectively; and
| ● | All property including equipment, machinery, supplies, computer hardware, software, communication equipment, data networks and all other data storage, that totaled $27.3 million in machinery additions.

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