Quarterly report pursuant to Section 13 or 15(d)

Equipment

v3.20.1
Equipment
6 Months Ended
Mar. 31, 2020
Equipment  
Equipment

7. Equipment

The Company’s equipment consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

September 30,

 

Estimated useful

 

    

2020

    

2019

    

life (in years)

Laboratory equipment

 

$

608,666

 

$

452,817

 

 5

Office equipment

 

 

5,052

 

 

2,383

 

 3

    Total

 

 

613,718

 

 

455,200

 

  

Accumulated depreciation

 

 

(77,704)

 

 

(24,205)

 

  

    Property, plant and equipment, net

 

$

536,014

 

$

430,995

 

  

 

Depreciation expense for the three months ended March 31,2020 and 2019 was approximately $0.03 million and $0, respectively. Depreciation expense for the six months ended March 31, 2020 and 2019 was approximately $0.05 million and $0, respectively.