Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.19.3
PROPERTY AND EQUIPMENT
12 Months Ended
Sep. 30, 2019
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

3.           PROPERTY AND EQUIPMENT

At September 30, 2019 and September 30, 2018, property and equipment consisted of:

 

 

 

 

 

 

 

 

 

 

 

    

Estimated

    

September 30, 

    

September 30, 

 

 

Useful Life

 

2019

 

2018

 

 

 

 

 

 

 

 

 

Furniture and fixtures

 

5 years

 

$

9,357

 

$

9,357

 

 

  

 

 

 

 

 

  

Leasehold improvements

 

Life of Lease

 

$

8,983

 

$

8,983

 

 

  

 

 

 

 

 

  

Computer equipment

 

3 years

 

$

8,686

 

$

8,686

 

 

  

 

 

 

 

 

  

Lab equipment

 

5 years

 

$

1,000

 

$

1,000

 

 

  

 

 

 

 

 

  

 

 

  

 

 

28,026

 

 

28,026

 

 

  

 

 

 

 

 

  

Less – accumulated depreciation

 

  

 

 

19,003

 

 

10,765

 

 

  

 

 

 

 

 

  

Property and equipment, net

 

  

 

$

9,023

 

$

17,261

 

For the years ended September 30, 2019 and 2018 depreciation expense recorded was $8,238 and $5,342, respectively.