Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

6 Months Ended

Mar. 31, 2021

3.PROPERTY AND EQUIPMENT

At March 31, 2021 and September 30, 2020, property and equipment consisted of:


	Estimated
	Useful	March 31,		September 30,
	Life	2021		2020
Computer equipment	3 years	$	14,416	$	11,141

Furniture and fixtures	5 years		9,357		9,357

Leasehold improvements	Life of Lease		8,983		8,983

Lab equipment	5 years		1,000		1,000

			33,756		30,481

Less – accumulated depreciation			26,918		25,929

Property and equipment, net		$	6,838	$	4,552

For the three months ended March 31, 2021 and 2020 depreciation expense recorded was $617 and $1,765, respectively. For the six months ended March 31, 2021 and 2020 depreciation expense was $989 and $3,701, respectively.