Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

INVENTORIES

v3.20.4
INVENTORIES
12 Months Ended
Sep. 30, 2020
INVENTORIES  
INVENTORIES

NOTE 5 – INVENTORIES

Inventories as of September 30, 2020 and 2019 consisted of the following:

 

 

 

 

 

 

 

 

 

 

As of September 30, 

 

    

2020

    

2019

Raw materials

 

$

5,310,404

 

$

5,360,445

Work-in-process

 

 

9,372,167

 

 

8,902,211

Finished goods

 

 

7,103,935

 

 

6,533,419

Provision for inventory impairment

 

 

(107,248)

 

 

 —

Total

 

$

21,679,258

 

$

20,796,075

 

As of September 30, 2020, the Company pledged inventories of $2,651,113 to secure banking facilities granted to the Company.