Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v2.4.0.6
Property and Equipment
12 Months Ended
Sep. 30, 2012
Property and Equipment [Abstract]  
Property and Equipment
7. Property and Equipment
 
Property and equipment consisted of the following as of September 30th:
 
 
 
 
 
 
 
 
(In Thousands)
 Useful Lives
 
2012
 
 
2011
 
 
 
 
 
 
 
 
 
Computer software
5 years
 
$
1,447
 
 
$
1,447
 
Office equipment, furniture and fixtures and leasehold improvements
 2 to 10 years
 
 
2,311
 
 
 
2,066
 
 
 
 
 
 
 
 
 
 
 
Total property and equipment, at cost
 
 
 
3,758
 
 
 
3,513
 
Accumulated depreciation and amortization
 
 
 
(3,240
)
 
 
(3,104
)
 
 
 
 
 
 
 
 
 
 
Property and equipment, net
 
 
$
518
 
 
$
409
 

Disposals of property and equipment, consisting primarily of fully-depreciated office furniture and equipment, had an original cost of $16,000 and $24,000 in fiscal 2012 and 2011, respectively.  Leasehold improvements are amortized over the term of the lease.

Depreciation expense for the years ended September 30, 2012 and 2011 was approximately $152,000 and $176,000, respectively.