Company: CNEY
Filing Date: 2025-10-29
Form Type: F-1/A
Source: 0001477932-25-007791
Chunk: 212

Company: CN ENERGY GROUP. INC.
Filing Date: 2025-10-29
Form: F-1/A
Chunk 212
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 |    (1,109,060 | ) |     |      |    (8,749,498 | ) |
| Property, and equipment, net   |     | $    |     2,012,955 |   |     | $    |    13,834,393 |   |

Depreciation expenses were $1,389,926, $1,564,673, and $1,365,830 for the fiscal years ended September 30, 2024, 2023, and 2022, respectively.

Note 9 - Land use right, net

Land use right, net, consisted of the following:

|                                |     | 2024 | September 30, |   |     | 2023 | September 30, |   |
|:-------------------------------|:----|:-----|--------------:|:--|:----|:-----|--------------:|:--|
| Land use right                 |     | $    |     6,598,974 |   |     | $    |     6,887,433 |   |
| Less: accumulated amortization |     |      |      (393,665 | ) |     |      |      (233,767 | ) |
| Land use right, net            |     | $    |     6,205,309 |   |     | $    |     6,653,666 |   |

Amortization expense was $211,283, $198,499, and $11,493 for the fiscal years ended September 30, 2024, 2023, and 2022, respectively.

Estimated future amortization expense is as follows:

|             |     | Amortization 
 expense      |           |
|:------------|:----|:-------------|----------:|
| Fiscal 2025 |     | $            |   205,390 |
| Fiscal 2026 |     |              |   205,390 |
| Fiscal 2027 |     |              |   205,390 |
| Fiscal 2028 |     |              |   205,390 |
| Fiscal 2029 |     |              |   205,390 |
| Thereafter  |     |              | 5,178,358 |
| Total       |     | $            | 6,205,309 |

| F-20 |

Note 10 - Convertible note

On December 30, 2022