v3.25.4
Note 6 - Fixed Assets
3 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 6  Fixed Assets

 

We record equipment, furniture and fixtures, and leasehold improvements at historical cost. Expenditures for maintenance and repairs are recorded to expense. Depreciation and amortization are primarily computed using the straight-line method. Depreciation and amortization are computed over the estimated useful lives of the respective assets. Leasehold improvements are depreciated on a straight-line basis over the lesser of the remaining lease term or the estimated useful lives of the improvements.

 

Property and equipment consisted of the following at December 31, 2025 and September 30, 2025:

 

  

Estimated

  

December 31,

  

September 30,

 
  

Useful Life (in years)

  

2025

  

2025

 

Property and equipment:

            

Office equipment, furniture and fixtures

  3 - 7  $765,911  $765,911 

Leasehold improvements

  8   199,532   199,532 

Total property and equipment

      965,443   965,443 

Less: accumulated depreciation and amortization

      (628,828)  (600,635)

Property and equipment, net

     $336,615  $364,808 

 

Depreciation expense was approximately $28,000 and $29,000 for the three months ended December 31, 2025 and 2024, respectively.