 |
3. Property and Equipment
Property and equipment consists of the following:
|
Useful Life
in Years |
March 31,
2002 |
March 31,
2001 |
|
 |
|
|
(in thousands)
|
| Computer equipment and software |
3-5 |
$ 2,124 |
$ 2,165 |
| Office furniture and equipment |
5-7 |
669 |
667 |
| Leasehold improvements |
Lease Term |
509 |
509 |
| Building |
31.5 |
183 |
183 |
|
|
|
|
|
3,485 |
3,524 |
| Accumulated depreciation and amortization |
|
(3,177) |
(2,895) |
|
|
|
|
|
$ 308 |
$ 629 |
|
|
 |
|
|
|
Depreciation and amortization expense relating to fixed assets was $334, $536 and $676 for the years ended March 31, 2002, 2001 and 2000, respectively, of which $0, $22 and $13, respectively, related to amortization of office furniture and equipment held under capital leases. Accumulated amortization of office furniture and equipment held under capital leases was approximately $122, $122 and $100 at March 31, 2002, 2001 and 2000, respectively.
4. Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consist of the following:
|
March 31, 2002 |
March 31, 2001 |
|
|
|
(in thousands)
|
| Accrued payroll |
$ 652 |
$1,500 |
| Accrued medical |
294 |
395 |
| Compensated absences |
134 |
196 |
| Other |
975 |
737 |
|
|
|
$2,055 |
$2,828 |
|
|
|
|
|
|
