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Supplemental Balance Sheet Information
 3 Months Ended
Dec. 31, 2021
Supplemental Balance Sheet Information [Abstract]  
Supplemental Balance Sheet Information

NOTE 5 – Supplemental Balance Sheet Information

 

Prepaid and Other Assets

 

Prepaid and other assets consisted of the following:

 

  

As of

December 31, 2021

  

As of

September 30, 2021

 
Prepaid expenses  $137,460   $151,109 
Deferred offering costs   
—
    92,934 
Total  $137,460   $244,043 

 

Intangibles

 

Intangible assets rollforward is as follows:

 

    Useful Life      
Net Intangibles, September 30, 2021   12-13 years   $ 134,207  
Less: amortization         (5,579 )
Net Intangibles, December 31, 2021       $  128,628  

 

Amortization expense was $5,579 for each of the three month periods ended December 31, 2021 and 2020.

 

Property and Equipment

 

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

 

   As of
December 31,
2021		   As of
September 30,
2021		 
Equipment and furniture  $324,326   $311,486 
Software   1,895    1,895 
Total property and equipment   326,221    313,381 
Less accumulated depreciation   (109,634)   (90,052)
Property and equipment, net  $216,587   $223,329 

 

Depreciation expense was $19,582 and $13,157 for the three month periods ended December 31, 2021 and 2020, respectively.