Assets Held for Sale

12 Months Ended

Sep. 30, 2023

Assets Held for Sale

Assets Held for Sale

8.  Assets Held for Sale

The asset classified as held for sale, net consists of the following:

	September 30,		September 30,
	2023		2022
Corporate airplane		2,406,468		—
Less: accumulated depreciation and amortization		(342,650)		—
	$	2,063,818	$	—

As of September 30, 2023, the Company classified $2.1 million of net property and equipment as “assets held for sale” on the consolidated balance sheet. During the quarter ended September 30, 2023, management of the Company implemented a plan to sell a Company-owned aircraft and commenced efforts to locate a buyer for the aircraft. On November 20, 2023 the Company-owned aircraft was sold for $2.3 million, see Note 21, “Subsequent Events” for further details.