Annual report [Section 13 and 15(d), not S-K Item 405]

Note 6 - Property and Equipment

v3.25.3
Note 6 - Property and Equipment
12 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 6  Property and Equipment

 

Property and equipment consisted of the following at September 30, 2025 and 2024:

 

   

Estimated

                 
   

Useful Life (years)

   

2025

   

2024

 

Property and equipment:

                     

Office equipment, furniture and fixtures

  3 - 7       765,911       765,911  

Leasehold improvements

  8       199,532       199,532  

Total property and equipment

          965,443       965,443  

Less: accumulated depreciation and amortization

          (600,635 )     (484,071 )

Property and equipment, net

        $ 364,808     $ 481,372  

 

Depreciation expense for the years ended September 30, 2025 and 2024 was approximately $0.1 million and $0.1 million, respectively.