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

INVENTORIES

v3.21.4
INVENTORIES
12 Months Ended
Sep. 30, 2021
INVENTORIES  
INVENTORIES

NOTE 5 – INVENTORIES

Inventories as of September 30, 2021 and 2020 consisted of the following:

As of September 30, 

    

2021

    

2020

Raw materials

$

5,527,560

$

5,310,404

Work-in-process

 

5,925,186

 

9,372,167

Finished goods

 

9,349,517

 

7,103,935

Provision for inventory impairment

(113,011)

(107,248)

Total

$

20,689,252

$

21,679,258

As of September 30, 2021 and 2020, the Company pledged inventories of $2,793,556 and $2,651,113 to secure banking facilities granted to the Company, respectively.