INVENTORIES

12 Months Ended

Sep. 30, 2020

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.