Fixed Assets

6 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Fixed Assets

Note 6 – Fixed Assets

Fixed assets consist of the following at March 31, 2017 and September 30, 2016:

	March 31, 2017			September 30, 2016
Software	$	121,617		$	121,617
Office equipment		36,080			36,080
Furniture and fixtures		2,357			2,357
Lab equipment		814,393			811,623
Leasehold improvements		487,066			487,066
		1,461,513			1,458,743
Less: accumulated depreciation		(442,068	)		(318,995	)
Total	$	1,019,445		$	1,139,748

On October 1, 2015, we disposed of fixed assets with a net book value of $3,122 pursuant to the deconsolidation of Digipath Corp. The fixed assets consisted of furniture and fixtures with a historical cost basis of $48,779 and software with a historical cost basis of $10,019, and accumulated depreciation of $48,779 and $6,897, respectively. No gain or loss was recognized on the disposals.

Depreciation and amortization expense totaled $123,073 and $122,230 for the six months ended March 31, 2017 and 2016, respectively.