General form of registration statement for all companies including face-amount certificate companies

PROPERTY AND EQUIPMENT

v3.20.4
PROPERTY AND EQUIPMENT
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 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.

3.           PROPERTY AND EQUIPMENT

At September 30, 2020 and September 30, 2019, property and equipment consisted of:

 

 

 

 

 

 

 

 

 

 

 

    

Estimated

    

September 30, 

    

September 30, 

 

 

Useful Life

 

2020

 

2019

 

 

 

 

 

 

 

 

 

Furniture and fixtures

 

5 years

 

$

9,357

 

$

9,357

 

 

  

 

 

 

 

 

 

Leasehold improvements

 

Life of Lease

 

$

8,983

 

$

8,983

 

 

  

 

 

 

 

 

 

Computer equipment

 

3 years

 

$

11,141

 

$

8,686

 

 

  

 

 

 

 

 

 

Lab equipment

 

5 years

 

$

1,000

 

$

1,000

 

 

  

 

 

 

 

 

 

 

 

  

 

 

30,481

 

 

28,026

 

 

  

 

 

 

 

 

 

Less – accumulated depreciation

 

  

 

 

25,929

 

 

19,003

 

 

  

 

 

 

 

 

 

Property and equipment, net

 

  

 

$

4,552

 

$

9,023

 

For the years ended September 30, 2020 and 2019 depreciation expense recorded was $6,926 and $8,238, respectively.