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Prepaid and Other Assets, Intangibles and Property and Equipment
 9 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Prepaid and Other Assets, Intangibles and Property and Equipment

NOTE 5 – Prepaid and Other Assets, Intangibles and Property and Equipment

 

Prepaid and Other Assets

 

Prepaid and other assets consisted of the following at June 30, 2021 and September 30, 2020:

 

    As of
June 30,
2021		     As of
September 30,
2020		  
Prepaid expenses   $ 135,947     $ 118,010  
Deferred offering costs     24,179       —  
Other     28,283       601  
Total   $ 188,409     $ 118,611  

Intangibles

 

Intangible assets rollforward is as follows:

 

   Useful Life    
Net Intangibles, September 30, 2020  12-13 years  $156,523 
Less: amortization      (16,737)
Net Intangibles, June 30, 2021     $139,786 

 

Amortization expense was $5,579 and $16,737 for the three and nine months ended June 30, 2021 and 2020, respectively.

 

Property and Equipment

 

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

 

    As of
June 30,
2021		     As of
September 30,
2020		  
Equipment and furniture   $ 227,726     $ 195,756  
Software     1,895       1,895  
Total property and equipment     229,621       197,651  
Less accumulated depreciation     (73,268 )     (31,620 )
Property and equipment, net   $ 156,353     $ 166,031  

 

Depreciation expense was $14,776 and $41,648 for the three months and nine months ended June 30, 2021, respectively, $7,298 and $17,105 during the three and nine months ended June 30, 2020, respectively.