Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v2.4.0.8
PROPERTY AND EQUIPMENT
 12 Months Ended
Sep. 30, 2014
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
3.
PROPERTY AND EQUIPMENT
 
At September 30, 2014 and 2013, property and equipment consisted of:
 
 
 
Estimated
 
 
 
 
 
 
 
 
 
Useful Life
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
Furniture and fixtures
 
5 years
 
$
2,925
 
$
2,925
 
 
 
 
 
 
 
 
 
 
 
Lab equipment
 
5 years
 
 
1,000
 
 
3,066
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3,925
 
 
5,991
 
 
 
 
 
 
 
 
 
 
 
Less - accumulated depreciation
 
 
 
 
3,925
 
 
5,669
 
 
 
 
 
$
-
 
$
322
 
 
Depreciation expense for the years ended September 30, 2014 and 2013 was $322 and $586, respectively.
 
During the year ended September 30, 2014, the Company disposed of certain property and equipment with historical costs of $2,066 and accumulated depreciation thereon of $2,066.