Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.20.4
PROPERTY AND EQUIPMENT
3 Months Ended
Dec. 31, 2020
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

3.PROPERTY AND EQUIPMENT

At December 31, 2020 and September 30, 2020, property and equipment consisted of:

 

 

 

 

 

 

 

 

 

 

 

    

Estimated

    

 

 

    

 

 

 

 

Useful

 

December 31, 

 

September 30, 

 

 

Life

 

2020

 

2020

Furniture and fixtures

 

5 years

 

$

9,357

 

$

9,357

 

 

 

 

 

 

 

 

 

Leasehold improvements

 

Life of Lease

 

 

8,983

 

 

8,983

 

 

 

 

 

 

 

 

 

Computer equipment

 

3 years

 

 

11,141

 

 

11,141

 

 

 

 

 

 

 

 

 

Lab equipment

 

5 years

 

 

1,000

 

 

1,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30,481

 

 

30,481

 

 

 

 

 

 

 

 

 

Less – accumulated depreciation

 

 

 

 

26,301

 

 

25,929

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

 

$

4,180

 

$

4,552

 

For the three months ended December 31, 2020 and 2019 depreciation expense recorded was $372 and $1,936, respectively.