Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

9 Months Ended

Jun. 30, 2021

3.PROPERTY AND EQUIPMENT

At June 30, 2021 and September 30, 2020, property and equipment consisted of:


	Estimated
	Useful	June 30,		September 30,
	Life	2021		2020
Computer equipment	3 years	$	14,416	$	11,141

Furniture and fixtures	5 years		9,357		9,357

Leasehold improvements	Life of Lease		8,983		8,983

Lab equipment	5 years		1,000		1,000

			33,756		30,481

Less – accumulated depreciation			27,717		25,929

Property and equipment, net		$	6,039	$	4,552

For the three months ended June 30, 2021 and 2020 depreciation expense recorded was $799 and $1,765, respectively. For the nine months ended June 30, 2021 and 2020 depreciation expense was $1,788 and $5,466, respectively.