NOTE 4 - Long Lived Assets

12 Months Ended

Sep. 30, 2025

Notes

NOTE 4 - Long Lived Assets

NOTE 4 – Long Lived Assets

Property, Plant, and Equipment

The following is a summary of property, plant, and equipment less accumulated depreciation as of September 30:

	2025		2024
Molds	$	9,578	$	9,578
Total property, plant and equipment		9,578		9,578
Less: accumulated depreciation		(6,064)		(5,453)
Property, plant, equipment, net	$	3,514	$	4,125

Depreciation expense for the year ended September 30, 2025 and 2024 was $611 and $153, respectively.

Patents

The following is a summary of patents less accumulated amortization as of September 30:

	2025		2024
Patents	$	4,555	$	2,255
Total patents		4,555		2,255
Less: accumulated amortization		(277)		(63)
Patent, net	$	4,278	$	2,192

Amortization expense for the year ended September 30, 2025 and 2024 was $214 and $63, respectively.

Future amortization of patents are as follows:

Year Ending September 30,
2026	$	304
2027		304
2028		304
2029		304
2030		304
Thereafter		2,758
	$	4,278

During the year ended September 30, 2025, the Company incurred costs of $2,300 related to the patent application for its new slow-sinking sinker product. The Company reviewed the patent for impairment and determined that no impairment loss has been incurred for the year ended September 30, 2025. The cost is being amortized over 15 years, which is the estimated legal life of the patent, and as of September 30, 2025 the weighted-average amortization period for the patent was approximately 14.6 years.

During the year ended September 30, 2024, the Company incurred costs of $2,255 related to the patent application for its new slow-sinking sinker product. The Company reviewed the patent for impairment and determined that no impairment loss has been incurred for the year ended September 30, 2025. The cost is being amortized over 15 years, which is the estimated legal life of the patent, and as of September 30, 2025 the weighted-average amortization period for the patent was approximately 13.6 years.