Quarterly report pursuant to Section 13 or 15(d)

Equipment

v3.20.2
Equipment
9 Months Ended
Jun. 30, 2020
Equipment  
Equipment

7.  Equipment

The Company’s equipment consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 

 

September 30, 

 

Estimated useful

 

    

2020

    

2019

    

life (in years)

Laboratory equipment

 

$

809,665

 

$

452,817

 

 5

Office equipment

 

 

5,052

 

 

2,383

 

 3

    Total

 

 

814,717

 

 

455,200

 

  

Accumulated depreciation

 

 

(108,919)

 

 

(24,205)

 

  

    Property, plant and equipment, net

 

$

705,798

 

$

430,995

 

  

 

Depreciation expense for the three months ended June 30,2020 and 2019 was approximately $0.03 million and $0.01 million, respectively. Depreciation expense for the nine months ended June 30, 2020 and 2019 was approximately $0.08 million and $.01  million, respectively.