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Intangibles and Property and Equipment

9 Months Ended

Jun. 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, September 30, 2019		12-13 years		$	178,838
Less: amortization					(16,737	)
Net Intangibles, June 30, 2020				$	162,101

Amortization expense was $5,579 and $5,311 for the three months ended June 30, 2020 and 2019, respectively, and $16,737 and $15,933 for the nine months ended June 30, 2020 and 2019, respectively.

Property and Equipment

Property and equipment held for use by category are presented in the following table:  

		As of
		June 30, 2020				September 30, 2019
Equipment and furniture		$	122,525			$	56,457
Software			1,895				1,895
Total property and equipment			124,420				58,352
Less accumulated depreciation			(23,431	)			(6,326	)
Property and equipment, net		$	100,989			$	52,026

Depreciation expense was $7,298 and $694 for the three months ended June 30, 2020 and 2019, respectively, and $17,105 and $694 for the nine months ended June 30, 2020 and 2019, respectively.

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- References

No definition available.

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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

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