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Property and Equipment
12 Months Ended
Sep. 30, 2019
Property and Equipment  
Property and Equipment

7.  Property and Equipment

 

Property and equipment, net consists of the following balances:

 

 

 

 

 

 

 

 

 

    

September 30,

    

September 30,

 

 

2019

 

2018

 

 

 

 

 

 

 

Computer equipment

 

$

2,285,152

 

$

2,268,969

Corporate airplanes

 

 

5,601,039

 

 

5,601,039

Furniture and office equipment

 

 

1,033,779

 

 

1,033,779

Manufacturing facility

 

 

5,733,313

 

 

5,733,313

Equipment

 

 

5,635,134

 

 

5,580,083

Land

 

 

1,021,245

 

 

1,021,245

 

 

 

21,309,662

 

 

21,238,428

Less accumulated depreciation and amortization     

 

 

(12,864,970)

 

 

(12,451,691)

 

 

$

8,444,692

 

$

8,786,737

 

Depreciation related to property and equipment was approximately $0.4 million, $0.4 million and $0.4 million in fiscal years 2019, 2018 and 2017, respectively. The corporate airplanes are utilized primarily in support of product development. The Pilatus PC-12 airplane, one of the Company’s two corporate airplanes, has been depreciated to its estimated salvage value.