Quarterly report pursuant to Section 13 or 15(d)

Equipment

v3.22.4
Equipment
3 Months Ended
Dec. 31, 2022
Equipment  
Equipment

4.  Equipment

The Company’s equipment consisted of the following:

As of December 31, 

As of September 30, 

2022

2022

    

Unaudited

    

Audited

Laboratory equipment

$

3,048,579

$

3,175,019

Office equipment

 

259,978

 

259,978

Leasehold improvements

17,958

17,958

Total

 

3,326,515

 

3,452,955

Accumulated depreciation and amortization

 

(1,392,415)

 

(1,296,104)

Equipment, net

$

1,934,100

$

2,156,851

Depreciation expense for the three months ended December 31, 2022 and 2021 was approximately $0.2 million and $0.2 million, respectively.