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2. Basis of Presentation and Summary of Significant Accounting Policies: Property and Equipment (Policies)
12 Months Ended
Sep. 30, 2017
Policies  
Property and Equipment

Property and Equipment

Property and equipment is stated at cost, net of accumulated depreciation. The Company depreciates equipment on a straight-line basis over the estimated useful lives of the assets after the assets are placed in service. Office equipment is depreciated over a 3-year life, furniture over a 7-year life, and other equipment over a 7-year life. Depreciation expense for the years ended September 30, 2017 and 2016 was $75,917 and $41,921 respectively. Repair and maintenance costs are expensed as incurred. Expenditures associated with upgrades and enhancements that improve, add functionality, or otherwise extend the life of property and equipment that exceed $1,000 are capitalized. Property and equipment as of September 30, 2017 and 2016 consist of:

 

 

 

September 30, 2017

 

 

September 30, 2016

 

Furniture and Fixture

 

$

31,514

 

 

$

31,514

 

Machinery and Equipment

 

$

323,706

 

 

$

169,864

 

Vehicles

 

$

44,657

 

 

$

9,657

 

Software

 

$

14,807

 

 

$

0

 

Accumulated Depreciation

 

(136,697)

 

(59,089)

Net PP & E (Property and equipment, net)

 

$

277,987

 

 

$

151,946