Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.19.3.a.u2
PROPERTY AND EQUIPMENT
3 Months Ended
Dec. 31, 2019
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

3.PROPERTY AND EQUIPMENT

At December 31, 2019 and September 30, 2019, property and equipment consisted of:

 

 

 

 

 

 

 

 

 

 

 

    

Estimated

    

 

 

    

 

 

 

 

Useful

 

December 31, 

 

September 30, 

 

 

Life

 

2019

 

2019

 

 

 

 

 

 

 

 

 

Furniture and fixtures

 

5 years

 

$

9,357

 

$

9,357

 

 

 

 

 

 

 

 

 

Leasehold improvements

 

Life of Lease

 

 

8,983

 

 

8,983

 

 

 

 

 

 

 

 

 

Computer equipment

 

3 years

 

 

11,141

 

 

8,686

 

 

 

 

 

 

 

 

 

Lab equipment

 

5 years

 

 

1,000

 

 

1,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30,481

 

 

28,026

 

 

 

 

 

 

 

 

 

Less – accumulated depreciation

 

 

 

 

20,939

 

 

19,003

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

 

$

9,542

 

$

9,023

 

For the three months ended December  31, 2019 and 2018 depreciation expense recorded was $1,936 and $1,781, respectively.