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Supplemental Balance Sheet Information

9 Months Ended

Jun. 30, 2023

Supplemental Balance Sheet Information [Abstract]

NOTE 5 – Supplemental Balance Sheet Information

Prepaid and other assets consisted of the following:

	As of June 30, 2023		As of September 30, 2022
Prepaid expenses	$	211,627	$	296,649
Deferred offering costs		67,159		—
Total	$	278,786	$	296,649

As of June 30, 2023, the Company incurred deferred issuance costs in the amount of $67,159 related to a pending financing. See Note 13 – Subsequent Events.

Inventory

Inventory consisted of the following:

	As of June 30, 2023		As of September 30, 2022
Work-in-process	$	1,323,508	$	630,570
Finished goods		193,019		73,968
Total	$	1,516,527	$	704,538

Intangibles

Intangible assets rollforward is as follows:

	Useful Life
Net Intangibles, September 30, 2022	12-13 years	$	111,892
Less: amortization			(16,736	)
Net Intangibles, June 30, 2023		$	95,156

Amortization expense was $5,578 and $16,736 for the three and nine months ended June 30, 2023, respectively, and $5,578 and $16,736 for the three and nine months ended June 30, 2022, respectively.

Property and Equipment, Net

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

	As of June 30, 2023			As of September 30, 2022
Equipment and furniture	$	891,356		$	538,061
Software		—			1,895
Total property and equipment		891,356			539,956
Less accumulated depreciation		(304,483	)		(186,357	)
Property and equipment, net	$	586,873		$	353,599

Depreciation expense was $51,380 and $120,021 for the three months and nine months ended June 30, 2023, respectively, and $25,928 and $68,462 for the three months and nine months ended June 30, 2022, respectively. Software assets were fully depreciated as of September 30, 2022 and were written-off during the third quarter of 2023.