Property and Equipment

3 Months Ended

Dec. 31, 2017

Property and equipment, net consisted of the following:

	Useful Lives	December 31, 2017			September 30, 2017
(In thousands)

Computer software	5 years	$	1,447		$	1,447
Office equipment, furniture and fixtures and leasehold improvements	2 to 10 years		3,371			3,243
Total property and equipment, at cost			4,818			4,690
Accumulated depreciation and amortization			(3,873	)		(3,776	)
Property and equipment, net		$	945		$	914

Leasehold improvements are amortized over the term of the lease.

Depreciation expense for the three- month periods ended December 31, 2017 and 2016 was approximately $97,000 and $79,000, respectively.