FIXED ASSETS

Fixed assets as of December 31, 2018 and September 30, 2018 consist of the following:



	December 31, 2018			September 30, 2018			Estimated Useful Lives
Equipment and software	$	1,792,000		$	2,299,000		3 - 7
Furniture and fixtures	439,000			439,000			5
Construction in process	151,000			271,000			N/A
Leasehold improvements	1,721,000			1,453,000			Lesser of useful life or term of lease
Capital leases (primarily composed of computer equipment)	1,249,000			739,000			3 - 7
	5,352,000			5,201,000
Less accumulated depreciation and amortization	(2,700,000		)	(2,530,000		)
Fixed assets – net	$	2,652,000		$	2,671,000

Depreciation expense associated with fixed assets for the three months ended December 31, 2018 and 2017 was $170,000 and $169,000, respectively.