PROPERTY AND EQUIPMENT

9 Months Ended

Jun. 30, 2023

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

NOTE 4. PROPERTY AND EQUIPMENT

Our property and equipment, net consisted of the following as of June 30, 2023, and September 30, 2022:

	June 30,		September 30,
	2023		2022
Loop Players	$	2,251,061	$	1,259,402
Equipment		1,195,521		703,341
Software		815,966		404,058
		4,262,548		2,366,801
Less: accumulated depreciation		(1,349,389)		(733,632)
Total property and equipment, net	$	2,913,159	$	1,633,169

For the three months ended June 30, 2023, and 2022, depreciation expense, calculated using straight line method, charged to operations amounted to $249,256 and $102,752, respectively.

For the nine months ended June 30, 2023, and 2022, depreciation expense, calculated using straight line method, charged to operations amounted to $615,764 and $111,332, respectively.