FIXED ASSETS

Fixed assets as of March 31, 2017 and September 30, 2016 consist of the following:



	March 31, 2017			September 30, 2016			Estimated Useful Lives
Equipment	$	1,297,000		$	1,036,000		5
Furniture and fixtures	180,000			163,000			5
Leasehold improvements	729,000			653,000			Lesser of useful life or term of lease
Capital leases (primarily composed of computer equipment)	739,000			739,000			5
	2,945,000			2,591,000
Less accumulated depreciation and amortization	(1,614,000		)	(1,427,000		)
Fixed assets – net	$	1,331,000		$	1,164,000

Depreciation expense associated with fixed assets for the three months ended March 31, 2017 and 2016 was $89,000 and $116,000, respectively.

Depreciation expense associated with fixed assets for the six months ended March 31, 2017 and 2016 was $187,000 and $223,000, respectively.