FIXED ASSETS

Fixed assets as of March 31, 2016 and September 30, 2015 consist of the following:



	March 31, 2016			September 30, 2015			Estimated Useful Lives
Equipment	$	585,000		$	539,000		5
Furniture and fixtures	162,000			162,000			5
Leasehold improvements	619,000			598,000			Lesser of useful life or term of lease
Capital leases (primarily composed of computer equipment)	652,000			452,000			5
	2,018,000			1,751,000
Less accumulated depreciation and amortization	(1,262,000		)	(1,039,000		)
Fixed assets – net	$	756,000		$	712,000

Depreciation and amortization expense associated with fixed assets for the six months ended March 31, 2016 and 2015 was $223,000 and $159,000, respectively.