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Supplemental Balance Sheet Information
 6 Months Ended
Mar. 31, 2022
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

March 31, 2022

  

As of

September 30, 2021

 
Prepaid expenses  $315,099   $151,109 
Deferred offering costs   
—
    92,934 
Total  $315,099   $244,043 

 

Intangibles

 

Intangible assets rollforward is as follows:

 

    Useful Life      
Net Intangibles, September 30, 2021   12-13 years   $ 134,207  
Less: amortization         (11,158 )
Net Intangibles, March 31, 2022       $  123,049  

 

Amortization expense was $5,579 and $11,158 for the three and six months ended March 31, 2022, respectively, and $5,579 and $11,158 for the three and six months ended March 31, 2021, respectively.

 

Property and Equipment, Net

 

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

 

   As of
March 31, 2022		   As of
September 30,
2021		 
Equipment and furniture  $417,645   $311,486 
Software   1,895    1,895 
Total property and equipment   419,540    313,381 
Less accumulated depreciation   (132,586)   (90,052)
Property and equipment, net  $286,954   $223,329 

 

Depreciation expense was $22,952 and $42,534 for the three months and six months ended March 31, 2022, respectively, and $13,715 and $26,872 for the three and six months ended March 31, 2021, respectively.