Annual report pursuant to Section 13 and 15(d)

Equipment

v3.19.3.a.u2
Equipment
12 Months Ended
Sep. 30, 2019
Equipment  
Equipment

10. Equipment

The Company’s equipment consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

    

September 30, 

    

Estimated Useful Life

 

 

2019

    

2018

    

(in years)

Laboratory equipment

 

$

452,817

 

$

 —

 

 5

Office equipment

 

 

2,383

 

 

 —

 

 3

 

 

 

455,200

 

 

 —

 

 

Accumulated depreciation

 

 

(24,205)

 

 

 —

 

  

 

 

$

430,995

 

$

 —

 

 

 

Depreciation expense for the years ended September 30, 2019 was approximately $24,000. Depreciation expense for the period August 28, 2018 (inception) through September 30, 2018 was $0.