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Supplemental Balance Sheet Information
 9 Months Ended
Jun. 30, 2024
Supplemental Balance Sheet Information [Abstract]  
Supplemental Balance Sheet Information

NOTE 5 – Supplemental Balance Sheet Information

 

Inventory

 

Inventory consisted of the following:

 

   As of
June 30,
2024		   As of
September 30,
2023		 
Component inventory  $835,492   $1,202,778 
Work-in-process   254,638    343,597 
Finished goods   703,302    180,311 
Total  $1,793,432   $1,726,686 

 

Intangibles

 

Intangible assets rollforward is as follows:

 

   Useful Life    
Net Intangibles, September 30, 2023  12-13 years  $89,577 
Less: amortization      (16,736)
Net Intangibles, June 30, 2024     $72,841 

 

Amortization expense was $5,578 during each of the three months ended June 30, 2024 and 2023 and $16,736 during each of the nine months ended June 30, 2024 and 2023, respectively.

 

Property and Equipment, Net

 

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

  

   As of
June 30,
2024		   As of
September 30,
2023		 
Equipment and furniture  $973,398   $860,737 
Total property and equipment   973,398    860,737 
Less accumulated depreciation   (500,912)   (334,984)
Property and equipment, net  $472,486   $525,753 

 

Depreciation expense was $57,529 and $165,928 for the three months and nine months ended June 30, 2024, respectively, and $51,380 and $120,021 for the three months and nine months ended June 30, 2023, respectively.