Post-effective amendment to a registration statement that is not immediately effective upon filing

INVENTORIES

v3.21.4
INVENTORIES
12 Months Ended
Sep. 30, 2021
INVENTORIES  
INVENTORIES

5.INVENTORIES

Inventories consist of the following:

    

September 30, 

    

September 30, 

2021

2020

Finished Goods

$

249,571

$

Goods-in-process

844,194

967,993

Total

$

1,093,765

$

967,993

The Company capitalizes inventory that has been produced for commercial sale and has been determined to have a probable future economic benefit. The determination of whether or not the inventory has a future economic benefit requires estimates by management. To the extent that inventory is expected to expire prior to being sold or used for research and development or used for samples, the Company will write down the value of inventory.