PROPERTY AND EQUIPMENT
 12 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 11 – PROPERTY AND EQUIPMENT

 

Property and equipment are summarized as follows:

 

   September 30,   September 30, 
   2021   2020 
       (restated) 
Land  $790,373   $790,373 
Building and leasehold improvements   2,892,900    2,935,628 
Furniture and office equipment   501,885    621,790 
Computers and software   1,105,681    264,940 
Trade show display   -    89,330 
Machinery and equipment   12,984,959    13,620,530 
    18,275,798    18,322,591 
           
Less: Accumulated depreciation   (11,536,854)   (12,348,741)
Property and equipment, net  $6,738,944   $

5,973,850

 

 

The Company completed the annual impairment test of property and equipment and determined that there was no impairment as the fair value of property and equipment, substantially exceeded their carrying values at September 30, 2021. Depreciation and amortization of property and equipment totaled approximately $1,335,189 and $1,865,726 for fiscal years ended September 30, 2021, and 2020, respectively.