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Intangibles and Property and Equipment | 12 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangibles and Property and Equipment | NOTE 5 – Intangibles and Property and Equipment Intangibles Intangible assets rollforward is as follows:
|  | Useful Life |  |  |
Net Intangibles, December 31, 2018 |  | 12-13 years |  | $ | 200,081 |
Less: amortization |  |  |  |  | (21,243 | )
Net Intangibles, September 30, 2019 |  |  |  |  | 178,838 |
Less: amortization |  |  |  |  | (22,315 | )
Net Intangibles, September 30, 2020 |  |  |  | $ | 156,523 |
The Company anticipates amortization expense of approximately $21,000 per year for fiscal year 2021 through 2025 based upon the two current license agreements. Property and Equipment Property and equipment held for use by category are presented in the following table:
|  | As of September 30, |
|  | 2020 |  |  | 2019 |
Equipment and furniture |  | $ | 195,756 |  |  | $ | 56,457 |
Software |  |  | 1,895 |  |  |  | 1,895 |
Total property and equipment |  |  | 197,651 |  |  |  | 58,352 |
Less accumulated depreciation |  |  | (31,620 | ) |  |  | (6,326 | )
Property and equipment, net |  | $ | 166,031 |  |  | $ | 52,026 |
Depreciation expense was $25,294 and $6,326 for the years ended September 30, 2020 and 2019, respectively.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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