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Property and Equipment, Net
12 Months Ended
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.