Company: CNEY
Filing Date: 2025-10-29
Form Type: F-1/A
Source: 0001477932-25-007791
Chunk: 211

Company: CN ENERGY GROUP. INC.
Filing Date: 2025-10-29
Form: F-1/A
Chunk 211
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 aggregate area of 14.5 square miles. Biological assets are initially measured at cost and subsequently depreciated on a straight-line basis over its estimated useful lives.

|                                |     | 2024 | September 30, |   |     | 2023 | September 30, |   |
|:-------------------------------|:----|:-----|--------------:|:--|:----|:-----|--------------:|:--|
| Biological assets              |     | $    |    30,358,304 |   |     | $    |    29,199,895 |   |
| Less: accumulated depreciation |     |      |    (1,835,401 | ) |     |      |      (844,306 | ) |
| Biological assets, net         |     | $    |    28,522,903 |   |     | $    |    28,355,589 |   |

Depreciation expenses were $932,784, $873,358, and nil for the fiscal years ended September 30, 2024, 2023, and 2022, respectively.

Note 8 - Property and equipment, net

Property and equipment, stated at cost less accumulated depreciation, consisted of the following:

|                                |     | 2024 | September 30, |   |     | 2023 | September 30, |   |
|:-------------------------------|:----|:-----|--------------:|:--|:----|:-----|--------------:|:--|
| Machinery and equipment        |     | $    |     2,356,528 |   |     | $    |     9,498,312 |   |
| Property and buildings         |     |      |       740,140 |   |     |      |     7,621,567 |   |
| Vehicles                       |     |      |        25,347 |   |     |      |       215,198 |   |
| Office equipment               |     |      |             - |   |     |      |        86,291 |   |
| Subtotal                       |     |      |     3,122,015 |   |     |      |    17,421,368 |   |
| Construction in progress       |     |      |             - |   |     |      |     5,162,523 |   |
| Less: accumulated depreciation |     |