Property and Equipment

6 Months Ended

Mar. 31, 2022

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:

	March 31, 2022			September 30, 2021
	(In thousands)
Computers, software, office equipment and furniture	$	2,272		$	2,170
Research equipment		28,370			27,500
Leasehold improvements		42,017			41,524
Construction in Progress		6,414			345
Land		2,996			-
Total gross fixed assets		82,069			71,539
Less: Accumulated depreciation and amortization		(27,181	)		(22,864	)
Property and equipment, net	$	54,888		$	48,675

Depreciation and amortization expense for property and equipment for the three months ended March 31, 2022 and 2021 was $2.2 million and $1.5 million, respectively. Depreciation and amortization expense for property and equipment for the six months ended March 31, 2022 and 2021 was $4.3 million and $2.9 million, respectively. Construction in Progress relates to the Company’s Verona and San Diego research facilities. Land relates to the Company’s Verona, Wisconsin research facility.