PROPERTY AND EQUIPMENT

12 Months Ended

Sep. 30, 2022

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at September 30:

	2022			2021
Research equipment	$	4,095,022		$	4,211,124
Furniture and equipment		99,296			99,768
Leasehold improvements		13,544,394			13,465,123
		17,738,712			17,776,015
Accumulated depreciation and amortization		(5,849,683	)		(4,112,453	)
Net property and equipment	$	11,889,029		$	13,663,562

Depreciation expense for the years ended September 30, 2022 and 2021 totaled approximately $1,977,000 and $447,000 respectively.