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

Note 3 - Property and Equipment

Note 3 - Property and Equipment

9 Months Ended

12 Months Ended

Jun. 30, 2023

Sep. 30, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

3. PROPERTY AND EQUIPMENT

At June 30, 2023 and September 30, 2022, property and equipment consisted of:

	Estimated
	Useful Life (in years)		June 30, 2023		September 30, 2022

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				33,028		31,712
Property and equipment, net			$	728	$	2,044

For the three months ended June 30, 2023 and 2022, depreciation expense recorded was $273 and $799, respectively. For the nine months ended June 30, 2023 and 2022, depreciation expense recorded was $1,316 and $2,397, respectively.

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.