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Intangibles and Property and Equipment
 3 Months Ended
Dec. 31, 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, 2020  12-13 years  $156,523 
Less: amortization      (5,579)
Net Intangibles, December 31, 2020      150,944 

 

Amortization expense was $5,579 for the three months ended December 31, 2020 and 2019.

 

Property and Equipment

 

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

 

   As of
December 31,
2020		   As of
September 30,
2020		 
Equipment and furniture  $195,756   $195,756 
Software   1,895    1,895 
Total property and equipment   197,651    197,651 
Less accumulated depreciation   (44,777)   (31,620)
Property and equipment, net  $152,874   $166,031 

 

Depreciation expense was $13,157 and $4,319 for the three months ended December 31, 2020 and 2019, respectively.