Assets Held for Sale

12 Months Ended

Sep. 30, 2024

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,
	2023
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 year 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 and the Company recorded a gain on disposal of $160,577. As of September 30 2024, the Company had no assets held for sale.