Property and Equipment

12 Months Ended

Sep. 30, 2017

Property and equipment consisted of the following as of September 30:


(In thousands)	Useful Lives	2017			2016

Computer software	5 years	$	1,447		$	1,447
Office equipment, furniture and fixtures and leasehold improvements	2 to 10 years		3,243			2,514
Total property and equipment, at cost			4,690			3,961
Accumulated depreciation and amortization			(3,776	)		(3,350	)
Property and equipment, net		$	914		$	611

Leasehold improvements are amortized over the term of the lease.

Depreciation expense for the year ended September 30, 2017 and 2016 was approximately $426,000 and $331,000, respectively.