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Fixed Assets

6 Months Ended

Mar. 31, 2014

NOTE 3. FIXED ASSETS

Property, equipment and other fixed assets are recorded at cost, which may equal fair market value in the case of property and equipment acquired in conjunction with a business acquisition. Depreciation of property and equipment is recorded using the straight-line method over the respective useful lives of the assets ranging from three to seven years. Leasehold improvements are amortized over the lesser of the expected useful life or the remaining lease term.

	Balance as of
	March 31, 2014			September 30, 2013
Computers, office equipment and furniture		317,867			323,376
Research equipment		3,826,494			3,452,013
Software		69,623			69,623
Leasehold improvements		2,749,409			2,749,409
Total gross fixed assets		6,963,393			6,594,421
Less: Accumulated depreciation and amortization		(3,673,123	)		(3,081,186	)
Property and equipment, net		3,290,270			3,513,235

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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