3.PROPERTY AND EQUIPMENT
At September 30, 2021 and 2020, property and equipment consisted of:
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Estimated |
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September 30, |
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September 30, |
|
|
Useful Life |
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2021 |
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2020 |
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Furniture and fixtures |
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5 years |
|
$ |
9,357 |
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$ |
9,357 |
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Leasehold improvements |
|
Life of Lease |
|
$ |
8,983 |
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$ |
8,983 |
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Computer equipment |
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3 years |
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$ |
14,416 |
|
$ |
11,141 |
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Lab equipment |
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5 years |
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$ |
1,000 |
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$ |
1,000 |
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|
|
|
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33,756 |
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|
30,481 |
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Less – accumulated depreciation |
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|
|
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28,516 |
|
|
25,929 |
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Property and equipment, net |
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|
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$ |
5,240 |
|
$ |
4,552 |
For the years ended September 30, 2021 and 2020 depreciation expense recorded was $2,587 and $6,926, respectively.
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