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Property and Equipment, Net | 12 Months Ended
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Sep. 30, 2020
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT, NET |
8. | PROPERTY AND EQUIPMENT, NET
As of September 30, 2019 and 2020, property and equipment, net consisted of the following:
|  | As of September 30, |
|  | 2019 |  |  | 2020 |
Equipment for rental business |  | $ | 3,171,240 |  |  | $ | 2,173,282 |
Production line for e-bicycles |  |  | 203,646 |  |  |  | 1,118,521 |
Furniture, fixtures and office equipment |  |  | 22,885 |  |  |  | 44,869 |
Vehicles |  |  | 27,955 |  |  |  | 29,121 |
|  |  | 3,425,726 |  |  |  | 3,365,793 |
Less: accumulated depreciation |  |  | (1,261,869 | ) |  |  | (256,748 | )
Property and equipment, net |  | $ | 2,163,857 |  |  | $ | 3,109,045 |
For the years ended September 30, 2018, 2019 and 2020, depreciation expense amounted to $599,045, $944,036 and $1,018,856, respectively. For the years ended September 30, 2018, 2019 and 2020, the Company disposed its property and equipment, with proceeds of $nil, $206,355 and $1,135,964 and recognized gain from disposal of property and equipment of $nil, $143,857 and $542,320 in the consolidated statements of income, respectively.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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