Fixed and Intangible Assets

9 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Fixed and Intangible Assets

Note 4 – Fixed and Intangible Assets

The following table summarizes the components of our fixed assets as of the dates presented:

	June 30,			September 30,
	2024			2023
Vehicle costs	$	319,740		$	224,903
Accumulated depreciation		(65,105	)		(40,675	)
Vehicles, net	$	254,635		$	184,228

Vehicles with a net book value of $94,437 are pledged as collateral on a line of credit with an investor.

Depreciation expense for the nine months ended June 30, 2024 and 2023, was $24,430 and $24,141, respectively. During the nine months ended June 30, 2024 and 2023, the Company purchased vehicles of $94,837 and $67,039, respectively.

The following table summarizes the components of our intangible assets as of the dates presented:

	June 30,			September 30,
	2024			2023
Website development costs	$	16,331		$	16,331
Accumulated depreciation		(8,600	)		(4,544	)
Website, net	$	7,731		$	11,787

Amortization expense for the nine months ended June 30, 2024 and 2023, was $4,056 and $3,172, respectively. During the nine months ended June 30, 2024 and 2023, the Company incurred website development costs of $0 and $16,331, respectively.