FIXED ASSETS

Fixed assets as of September 30, 2019 and 2018, respectively, consist of the following:



	September 30,						Estimated Useful
	2019			2018			Lives (in years)
Equipment	$	1,835,000		$	2,299,000		3 - 5 years
Furniture and fixtures	761,000			439,000			5 years
Construction in Process	—			271,000			N/A
Leasehold improvements	3,662,000			1,453,000			Lesser of useful life or term of lease
Capital leases (primarily composed of computer equipment)	907,000			739,000			3 - 7 years
	7,165,000			5,201,000
Less accumulated depreciation and amortization	(2,098,000		)	(2,530,000		)
Fixed assets - net	$	5,067,000		$	2,671,000

Depreciation expense for the years ended September 30, 2019, 2018 and 2017 was $728,000, $664,000 and $439,000 respectively.