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Supplemental Balance Sheet Information
 3 Months Ended
Dec. 31, 2023
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,
2023		   As of
September 30,
2023		 
Prepaids  $238,645   $263,746 
Other   21,321    — 
Total  $259,966   $263,746 

 

Inventory

 

Inventory consisted of the following:

 

   As of
December 31,
2023		   As of
September 30,
2023		 
Component inventory  $1,043,906   $1,202,778 
Work-in-process   384,659    343,597 
Finished goods   180,092    180,311 
Total  $1,608,657   $1,726,686 

 

Intangibles

 

Intangible assets rollforward is as follows:

 

   Useful Life    
Net Intangibles, September 30, 2023  12-13 years  $89,577 
Less: amortization      (5,579)
Net Intangibles, December 31, 2023     $83,998 

 

Amortization expense was $5,579 for each of the three months ended December 31, 2023 and 2022.

 

Property and Equipment

 

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

 

   As of
December 31,
2023		   As of
September 30,
2023		 
Equipment and furniture  $893,237   $860,737 
Total property and equipment   893,237    860,737 
Less accumulated depreciation   (388,062)   (334,984)
Property and equipment, net  $505,175   $525,753 

 

Depreciation expense was $53,078 and $30,310 for the three months ended December 31, 2023 and 2022, respectively.