Quarterly report pursuant to Section 13 or 15(d)

Operating Lease

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Operating Lease
6 Months Ended
Mar. 31, 2019
Leases [Abstract]  
OPERATING LEASE

7. OPERATING LEASE

 

LMB leases office space from Akrimax (see Note 6) in Cranford, New Jersey at a monthly rental rate of $2,167 pursuant to an agreement which expired on April 30, 2019. Citius is in the process of negotiating a new lease for space in the same location. Rent expense for the six months ended March 31, 2019 and 2018 was $13,000 for both periods.