LEASES (Tables)

9 Months Ended

12 Months Ended

Jun. 30, 2024

Sep. 30, 2023

Leases

SCHEDULE OF RIGHT OF USE OPERATING LEASES

All of the Company’s right-of-use assets are operating leases related to its office premises. Details of the Company’s right-of-use assets and lease liabilities are as follows:

	June 30, 2024			September 30, 2023
Right-of-use assets	$	96,058		$	146,912
Lease liabilities
Balance, beginning of the year	$	158,525		$	244,906
Addition		-			-
Liability accretion		12,346			24,221
Lease payments		(61,542	)		(110,602	)
Balance, end of the year	$	109,329		$	158,525
Current lease liabilities	$	78,791		$	77,069
Long-term lease liabilities	$	30,538		$	81,456
Weighted-average remaining lease term (in years)		1.42			2.17
Weighted-average discount rate		12	%		12	%

All of the Company’s right-of-use assets are operating leases related to its office premises. Details of the Company’s right-of-use assets and lease liabilities are as follows:

	2023			2022
Right-of-use assets	$	146,912		$	240,796
Lease liabilities
Balance, beginning of the year	$	244,906		$	78,949
Addition		-			220,368
Liability accretion		24,221			9,042
Lease payments		(110,602	)		(63,453	)
Balance, end of the year	$	158,525		$	244,906
Current lease liabilities	$	77,069		$	104,224
Long-term lease liabilities	$	81,456		$	140,682
Weighted-average remaining lease term (in years)		2.17			2.87
Weighted-average discount rate		12	%		12	%

SCHEDULE OF LEASE COST

The following table presents the Company’s total lease cost.

		Three Months Ended June 30, 2024		Three Months Ended June 30, 2023		Nine Months Ended June 30, 2024		Nine Months Ended June 30, 2023
Operating lease cost	$	20,573	$	27,704		$	63,200	$	92,947
Variable lease expense		15,469		22,516			45,905		48,513
Sublease income		-		(12,367	)		-		(32,762	)
Net lease cost	$	36,042	$	37,853		$	109,105	$	108,698

The following table presents the Company’s total lease cost.

	2023			2022
Operating lease cost	$	118,105		$	61,153
Variable lease expense		65,245			36,216
Sublease income		(25,390	)		(36,633	)
Rent subsidy		-			(1,644	)
Net lease cost	$	157,960		$	59,092

SCHEDULE OF FUTURE LEASE PAYMENTS

As of June 30, 2024, the Company has one office lease agreement for its office premises for terms ending in November 2025. The maturities of the Company’s operating lease liabilities are as follows:

Year
2024	$	20,648
2025		84,664
2026		14,180
Total lease payments		119,492
Less: imputed interest		(10,163	)
Total lease liabilities	$	109,329

As of September 30, 2023, the Company has one office lease agreement for its office premises for terms ending in November 2025. The maturities of the Company’s operating lease liabilities are as follows:

Year
2024		82,190
2025		84,664
2026		14,180
Total lease payments		181,034
Less: imputed interest		(22,509	)
Total lease liabilities	$	158,525