Annual report pursuant to Section 13 and 15(d)

Note 3 - Property and Equipment

v3.22.4
Note 3 - Property and Equipment
12 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

3.         PROPERTY AND EQUIPMENT

 

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

 

   

Estimated

                 
   

Useful Life

(in years)

   

September 30,

2022

   

September 30,

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

            31,712       28,516  

Property and equipment, net

          $ 2,044     $ 5,240  

 

For the years ended September 30, 2022 and 2021 depreciation expense recorded was $3,196 and $2,587, respectively.