PROPERTY AND EQUIPMENT

12 Months Ended

Sep. 30, 2023

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at September 30:

	2023			2022
Research equipment	$	4,109,070		$	4,095,022
Furniture and equipment		99,296			99,296
Leasehold improvements		13,924,724			13,544,394
		18,133,090			17,738,712
Accumulated depreciation and amortization		(7,944,964	)		(5,849,683	)
Net property and equipment	$	10,188,126		$	11,889,029

Depreciation expense for the years ended September 30, 2023 and 2022 totaled approximately $2,114,000 and $1,977,000 respectively.