Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

6 Months Ended

Mar. 31, 2018

Property and equipment, net consisted of the following:

(In thousands)	Useful Lives	March 31, 2018			September 30, 2017


Computer software	5 years	$	1,447		$	1,447
Office equipment, furniture and fixtures and leasehold improvements	2 to 10 years		3,442			3,243
Total property and equipment, at cost			4,889			4,690
Accumulated depreciation and amortization			(3,971	)		(3,776	)
Property and equipment, net		$	918		$	914

Leasehold improvements are amortized over the term of the lease.

Depreciation expense for the three and six-month periods ended March 31, 2018 and 2017 was approximately $98,000 and $195,000, and approximately $71,000 and $150,000, respectively.