Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.20.2
PROPERTY AND EQUIPMENT
9 Months Ended
Jun. 30, 2020
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

3.PROPERTY AND EQUIPMENT

At June 30, 2020 and September 30, 2019, property and equipment consisted of:

 

 

 

 

 

 

 

 

 

 

 

    

Estimated

    

 

 

    

 

 

 

 

Useful

 

June 30, 

 

September 30, 

 

 

Life

 

2020

 

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

 

 

 

 

24,469

 

 

19,003

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

 

$

6,012

 

$

9,023

 

For the three months ended June 30, 2020 and 2019 depreciation expense recorded was $1,765 and $2,759, respectively. For the nine months ended June 30, 2020 and 2019 depreciation expense recorded was $5,466 and $6,320, respectively.