As of March 31, 2021 and 2020, property and equipment is comprised of the following:

	2021			2020
	(In thousands)
Computer equipment and software	$	217		$	217
Furniture and fixtures		163			167
Leasehold improvements		8			8
		388			392
Less accumulated depreciation and amortization		(388	)		(388	)
	$	—		$	4

Depreciation of property and equipment amounted to approximately $2,000 for both the twelve months ended March 31, 2021 and 2020. During fiscal 2021, the Company disposed of property and equipment with gross book values totaling approximately $4,000. The Company recognized a total net loss of $2,000 on these disposals in fiscal 2021. During fiscal 2020, the Company disposed of property, plant and equipment with gross book values totaling approximately $26,000. The Company recognized a total net loss of nil on these disposals in fiscal 2020.