Property, Equipment and Improvements, Net

12 Months Ended

Sep. 30, 2022

Property, Equipment and Improvements, Net

Property, Equipment and Improvements, Net

7.     Property, Equipment and Improvements, Net

Property, equipment and improvements, net consist of the following:

	September 30,		September 30,
	2022		2021
	(Amounts in thousands)
Leasehold improvements	$	224	$	224
Equipment		8,842		8,707
Automobiles		116		116
Property, equipment and improvements, gross		9,182		9,047
Less accumulated depreciation and amortization		(8,535)		(8,283)
Property, equipment and improvements, net	$	647	$	764

The Company uses the straight-line method over the estimated useful lives of the assets to record depreciation expense. Depreciation expense was $350 thousand and $379 thousand for the years ended September 30, 2022 and 2021, respectively.