FIXED ASSETS

Fixed assets as of September 30, 2015 and 2014, respectively, consist of the following:



	September 30,						Estimated Useful
	2015			2014			Lives (in years)
Equipment	$	539,000		$	339,000		5
Furniture and fixtures	162,000			139,000			5
Leasehold improvements	598,000			566,000			Lesser of useful life or term of lease
Capital Leases (Primarily composed of computer equipment)	452,000			453,000			5
	1,751,000			1,497,000
Less accumulated depreciation and amortization	(1,039,000		)	(745,000		)
Fixed assets - net	$	712,000		$	752,000

Depreciation and amortization expense for the years ended September 30, 2015 and 2014 was $294,000 and $381,000 respectively. In the year ended September 30, 2014 , fixed assets with a cost of $5,973,000 which were fully depreciated or amortized and no longer in service were written off.