COMMITMENTS (Tables)

6 Months Ended

Mar. 31, 2020

Commitments Tables Abstract

Commitments

The components of lease expense were as follows:

		For the six months ended March 31,
		2020
Operating lease cost	$	251,153
Short term lease cost		1,757
Finance lease cost:
Amortization of right-of-use asset		14,915
Interest on lease liability		1,081
Total finance lease cost		15,996
Total lease cost	$	268,906

The following table presents the Company’s supplemental information related operating and finance leases:

		For the six months ended March 31,
		2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance lease	$	1,081
Operating cash flows from operating lease	$	247,294
Financing cash flows from finance lease	$	20,362
Weighted Average Remaining Lease Term
Operating leases		1.57 years
Finance leases		3.35 years
Weighted Average Discount Rate
Operating leases		1.84%
Finance leases		1.87%

The future maturity of lease liabilities as of March 31, 2020 are as follows:

Year ending September 30		Finance lease		Operating lease
2020 (remaining)	$	14,102	$	184,906
2021		28,204		162,997
2022		40,445		68,625
2023		18,201		-
2024		10,618		-
Thereafter		-		-
Total	$	111,570	$	416,528
Less imputed interest		(3,881)		(6,089)
Total lease obligation		107,689		410,439
Less current portion		(26,388)		(302,836)
Non-current lease obligation	$	81,301	$	107,603