PROPERTY AND EQUIPMENT

12 Months Ended

Sep. 30, 2022

PROPERTY AND EQUIPMENT [Abstract]

PROPERTY AND EQUIPMENT

3. PROPERTY AND EQUIPMENT

A summary of property and equipment and the estimated lives used in the computation of depreciation and amortization is as follows (in thousands):

	September 30,
	2022			2021			Life
Building and improvements	$	3,076		$	3,065		12-30 years
Land and improvements		1,385			1,286		Indefinite
Furniture and Fixture		298			298		3-7 years
Computer Equipment		907			684		3-5 years
Machinery & Equipment		1,357			1,253		3-15 years
Leasehold Improvements		137			109		3-5 years
		7,160			6,695
Less Accumulated Depreciation		(2,116	)		(1,718	)
	$	5,044		$	4,977

Depreciation expense for the fiscal year ended September 30, 2022 and 2021 was $484 and $371, respectively.