Property and Equipment

12 Months Ended

Sep. 30, 2016

Property Plant And Equipment [Abstract]

Property and Equipment

NOTE 3. PROPERTY AND EQUIPMENT

The following table summarizes the Company’s major classes of property and equipment:

	September 30, 2016			September 30, 2015
Computers, office equipment and furniture	$	442,915		$	404,964
Research equipment		7,490,400			6,354,584
Software		80,841			110,428
Leasehold improvements		11,885,365			3,117,537
Total gross fixed assets		19,899,521			9,987,513
Less:   Accumulated depreciation and amortization		(4,512,760	)		(5,460,665	)
Property and equipment, net	$	15,386,761		$	4,526,848

During the year ended September 30, 2016, the Company’s leasehold improvements increased as the Company has moved into a larger research facility in Madison, Wisconsin.  The lease terms of this facility are discussed in Note 7 – Commitments and Contingencies. Additionally, during the year ended September 30, 2016, the Company recognized a $1.1 million impairment expense related to leasehold improvements at its previous research facility in Madison, Wisconsin.  This amount represented the entire net book value remaining for the leasehold improvements associated with the previous facility, and was recognized during the year ended September 30, 2016.