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FIXED ASSETS

9 Months Ended

Jun. 30, 2017

Property, Plant and Equipment [Abstract]

FIXED ASSETS

5. FIXED ASSETS

During the nine months ending June 30, 2017, the Company disposed of fixed assets with a net book value of $19,817 in exchange for consideration of $7,000. As a result, the company reported a $12,817 loss on disposal of assets for the nine months ending June 30, 2017.

Fixed assets consist of the following as of June 30, 2017 and September 30, 2016:

		June 30, 2017				September 30, 2016
Machinery and equipment		$	748,028			$	769,276
Furniture and fixtures			72,253				72,484
Total			820,281				841,760
Less: accumulated depreciation			(133,864	)			(58,785)
Fixed assets, net		$	686,417			$	782,975

Depreciation expense for the nine months ended June 30, 2017 and 2016 was $76,838 and $31,825, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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