Property and Equipment

12 Months Ended

Sep. 30, 2023

Property and Equipment

Property and Equipment

9.  Property and Equipment

Property and equipment, net consists of the following balances:

	September 30,		September 30,
	2023		2022
Computer equipment	$	2,343,996	$	2,307,139
Corporate airplane		—		2,406,468
Furniture and office equipment		970,230		976,993
Manufacturing facility		5,926,584		5,889,491
Equipment		9,554,197		5,624,966
Land		1,021,245		1,021,245
		19,816,252		18,226,302
Less accumulated depreciation and amortization		(11,923,825)		(11,934,113)
	$	7,892,427	$	6,292,189

Depreciation related to property and equipment was $427,317, $358,837 and $373,068 in fiscal years 2023, 2022 and 2021, respectively. The Pilatus PC-12 airplane, one of the Company’s two corporate airplanes, was sold during the quarter ended September 30, 2022 and the Company recognized a gain on sale of the aircraft of approximately $1,192,000. The corporate airplanes are utilized primarily in support of product development. Non-cash investing activities involving property, plant and equipment comprise the abandonment of fully depreciated assets with an original cost and accumulated amortization of $94,954, $34,656 and $416,626 in fiscal years 2023, 2022 and 2021, respectively.