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

Note 3 - Property and Equipment (10Q)

Note 3 - Property and Equipment (10Q)

9 Months Ended

12 Months Ended

Jun. 30, 2022

Sep. 30, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

3. PROPERTY AND EQUIPMENT

At June 30, 2022 and September 30, 2021, property and equipment consisted of:

	Estimated
	Useful		June 30,		September 30,
	Life (years)		2022		2021
Furniture and fixtures		5	$	9,357	$	9,357
Leasehold improvements		Life of Lease		8,983		8,983
Computer equipment		3		14,416		14,416
Lab equipment		5		1,000		1,000
				33,756		33,756
Less – accumulated depreciation				30,913		28,516
Property and equipment, net			$	2,843	$	5,240

For the three months ended June 30, 2022 and 2021, depreciation expense recorded was $799, respectively. For the nine months ended June 30, 2022 and 2021, depreciation expense was $2,397 and $1,788, respectively.

3. PROPERTY AND EQUIPMENT

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

	Estimated
	Useful	September 30,		September 30,
	Life (years)	2021		2020

Furniture and fixtures	5	$	9,357	$	9,357
Leasehold improvements	Life of Lease	$	8,983	$	8,983
Computer equipment	3	$	14,416	$	11,141
Lab equipment	5	$	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.