Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.21.4
PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and equipment consist of the following at September 30, 2021 and 2020:

Property and equipment consist of the following at September 30, 2021 and 2020:

 

    2021     2020  
Office equipment and computers   $ 135,254     $ 133,089  
Furniture and fixtures     16,280       16,280  
Leasehold improvements     7,680       7,680  
Total     159,214       157,049  
Less: accumulated depreciation     (157,369 )     (150,702 )
                 
Net property and equipment   $ 1,845     $ 6,347  
Depreciation is computed on a straight-line basis over the estimated useful lives of the assets, which were as follows:

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