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Supplemental Balance Sheet Information
 9 Months Ended
Jun. 30, 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

June 30,
2022

  

As of

September 30, 2021

 
Prepaid expenses  $296,572   $151,109 
Deferred offering costs   
—
    92,934 
Total  $296,572   $244,043 

 

Intangibles

 

Intangible assets rollforward is as follows:

 

   Useful Life     
Net Intangibles, September 30, 2021   12-13 years   $134,207 
Less: amortization        (16,736)
Net Intangibles, June 30, 2022       $117,471 

 

Amortization expense was $5,578 and $16,736 for the three and nine months ended June 30, 2022, respectively, and $5,579 and $16,737 for the three and nine months ended June 30, 2021, respectively.

 

Property and Equipment, Net

 

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

 

   As of
June 30,
2022		   As of
September 30,
2021		 
Equipment and furniture  $471,879   $311,486 
Software   1,895    1,895 
Total property and equipment   473,774    313,381 
Less accumulated depreciation   (158,514)   (90,052)
Property and equipment, net  $315,260   $223,329 

 

Depreciation expense was $25,928 and $68,462 for the three months and nine months ended June 30, 2022, respectively, and $14,776 and $41,648 for the three and nine months ended June 30, 2021, respectively.