Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.19.3.a.u2
PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Schedule of property and equipment

Property and equipment consist of the following at September 30, 2019 and 2018:

 

    2019     2018  
Office equipment and computers   $ 133,089     $ 133,089  
Furniture and fixtures     16,280       16,280  
Leasehold improvements     7,680       5,756  
Total     157,049       155,125  
Less: accumulated depreciation     (144,035 )     (140,339 )
                 
Net property and equipment   $ 13,014     $ 14,786  

 

Schedule of estimated useful lives of assets

Depreciation is computed on a straight-line basis over the estimated useful lives of the assets, which were as follows:

  

  Life
Office equipment and computers 3 years
Furniture and fixtures 5 years
Leasehold improvements Shorter of 5 years or related lease term