Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.21.2
PROPERTY AND EQUIPMENT
12 Months Ended
Sep. 30, 2021
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

3.PROPERTY AND EQUIPMENT

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

    

Estimated

    

September 30, 

    

September 30, 

 

Useful Life

 

2021

 

2020

Furniture and fixtures

 

5 years

$

9,357

$

9,357

 

  

 

 

Leasehold improvements

 

Life of Lease

$

8,983

$

8,983

 

  

 

 

Computer equipment

 

3 years

$

14,416

$

11,141

 

  

 

 

Lab equipment

 

5 years

$

1,000

$

1,000

 

  

 

 

 

  

 

33,756

 

30,481

 

  

 

 

Less – accumulated depreciation

 

  

 

28,516

 

25,929

 

  

 

 

Property and equipment, net

 

  

$

5,240

$

4,552

For the years ended September 30, 2021 and 2020 depreciation expense recorded was $2,587 and $6,926, respectively.