Annual report pursuant to Section 13 and 15(d)

Equipment

v3.22.4
Equipment
12 Months Ended
Sep. 30, 2022
Equipment  
Equipment

4. Equipment

The Company’s equipment consisted of the following:

As of September 30, 

As of September 30, 

Estimated useful life

    

2022

    

2021

    

(in years)

Laboratory equipment

$

3,175,019

$

2,737,390

5

Office equipment

259,978

 

259,978

 

3

Leasehold improvements

17,958

5

Total

3,452,955

 

2,997,368

Accumulated depreciation and amortization

(1,296,104)

 

(533,486)

 

  

Equipment, net

$

2,156,851

$

2,463,882

Depreciation and amortization expense for the years ended September 30, 2022 and 2021 was approximately $0.8 million and $0.4 million, respectively.