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Supplemental Balance Sheet Information
 12 Months Ended
Sep. 30, 2025
Supplemental Balance Sheet Information [Abstract]  
Supplemental Balance Sheet Information

NOTE 5 – Supplemental Balance Sheet Information

 

Inventory

 

Inventory consisted of the following: 

 

   As of
September 30,		 
   2025   2024 
Component inventory  $871,492   $877,065 
Work-in-process   130,100    192,360 
Finished goods   1,225,213    1,565,728 
Total  $2,226,805   $2,635,153 

 

The Company had finished goods on consignment in the amount of zero and $102,318 as of September 30, 2025 and 2024, respectively. Excess and obsolete valuation reserve adjustments reflected as a reduction of work-in-process inventory as of September 30, 2025 and 2024 were $10,000 and zero, respectively.

Intangibles

 

Intangible assets roll forward is as follows:

 

   Useful Life    
Net intangibles, September 30, 2023  12-13 years  $89,577 
Less: amortization      (22,315)
Net intangibles, September 30, 2024      67,262 
Less: amortization      (22,316)
Net intangibles, September 30, 2025     $44,946 

 

The Company anticipates amortization expense of approximately $22,000 per year for fiscal years 2026 through 2027 based upon the two current license agreements. 

 

Property and Equipment

 

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

 

   As of
September 30,		 
   2025   2024 
Equipment and furniture  $1,058,045   $976,303 
Total property and equipment   1,058,045    976,303 
Less accumulated depreciation   (798,823)   (559,460)
Property and equipment, net  $259,222   $416,843 

 

Depreciation expense was $239,363 and $224,476 for the years ended September 30, 2025 and 2024, respectively.