RIGHT-OF-USE ASSETS AND LEASE (Tables)

3 Months Ended

Dec. 31, 2024

Right-of-use Assets And Lease

SUMMARY OF OPERATING LEASE ASSETS AND LIABILITIES

The following table provides a summary of leases as of December 31, 2024 and September 30, 2024:

Assets/liabilities	Classification	December 31, 2024		September 30, 2024
Assets
Operating lease right-of-use assets	Operating lease assets	$	194,612	$	284,524
Finance lease right-of-use assets	Finance lease assets		250,914		309,445
Total lease assets		$	445,526	$	593,969
Liabilities
Current
Operating lease liability - current	Current operating lease liabilities	$	187,659	$	238,979
Finance lease liability - current	Current finance lease liabilities		172,202		196,879
			359,861		435,858
Long-term
Operating lease liability – net of current portion	Long-term finance lease liabilities	$	-	$	44,622
Finance lease liability – net of current portion	Long-term operating lease liabilities		37,170		76,862
			37,170		121,484
Total lease liabilities		$	397,031	$	557,342

SUMMARY OF OPERATING LEASE EXPENSE

The operating lease expense for the three months ended December 31, 2024 and 2023 was as follows:

		Three Months Ended December 31,
Lease cost	Classification	2024		2023
Operating lease cost
Lease expenses – short-term	General and administrative	$	9,299	$	-
Lease expenses	General and administrative		82,297		77,156
Finance lease cost
Amortization of leased asset	Cost of sales		47,300		-
Interest on lease liabilities	Other expense - other		2,902		-
Total lease cost		$	141,798	$	77,156

SCHEDULE OF MATURITY OF LEASE LIABILITIES

Maturities of operating lease and finance lease liabilities as of December 31, 2024 were as follows:

Maturity of Lease Liabilities	Operating lease			Finance lease
2025	$	190,703		$	177,947
2026		-			37,422
Thereafter		-			-
Total lease payments		190,703			215,369
Less: Interest		(3,044	)		(5,997	)
Present value of lease payments	$	187,659		$	209,372

Maturities of operating lease and finance lease liabilities as of September 30, 2024, were as follows:

Maturity of Lease Liabilities	Operating lease			Finance lease
2025	$	244,243		$	205,103
2026		44,887			77,848
Thereafter		-			-
Total lease payments		289,130			282,951
Less: Interest		(5,529	)		(9,210	)
Present value of lease payments	$	283,601		$	273,741

SCHEDULE OF OPERATING LEASES AND FINANCE LEASES

Supplemental information related to operating leases and finance leases was as follows:

	Three Months Ended December 31,
	2024			2023
Cash paid for amounts included in the measurement of lease liabilities	$	146,129		$	83,160
Weighted average remaining operating lease term		1.11 year			1.3 years
Weighted average remaining finance lease term		1.31 year			-
Weighted average discount rate for operating lease		4.64	%		4.30	%
Weighted average discount rate for finance lease		4.75	%		-