Quarterly report pursuant to Section 13 or 15(d)

Equipment

v3.22.2
Equipment
9 Months Ended
Jun. 30, 2022
Equipment  
Equipment

4.  Equipment

The Company’s equipment consisted of the following:

As of June 30, 

As of September 30, 

    

2022

    

2021

Laboratory equipment

$

3,182,369

$

2,737,390

Office equipment

 

259,978

 

259,978

Leasehold improvements

10,128

Total

 

3,452,475

 

2,997,368

Accumulated depreciation

 

(1,101,189)

 

(533,486)

Property, plant and equipment, net

$

2,351,286

$

2,463,882

Depreciation expense for the three months ended June 30, 2022 and 2021 was approximately $0.2 million and $0.1 million, respectively. Depreciation expense for the nine months ended June 30, 2022 and 2021 was approximately $0.6 million and $0.3 million, respectively.