Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.10.0.1
Property and Equipment
 9 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
4. Property and Equipment

Property and equipment, net consisted of the following:

 

(in thousands)  

June 30,

2018

    

September 30,

2017

  
             
Computer software   $ 1,447     $ 1,447  
Office equipment, furniture and fixtures and leasehold improvements     3,241       3,243  
Total property and equipment, at cost     4,688       4,690  
Accumulated depreciation and amortization     (3,838 )     (3,776 )
Property and equipment, net   $ 850     $ 914  

 

Depreciation expense for three months ended June 30, 2018 and 2017 was approximately $92,000 and $178,000, respectively, and for the nine months ended June 30, 2018 and 2017 was approximately $287,000 and $328,000, respectively.