6. PROPERTY, EQUIPMENT, AND OTHER ASSETS AND LIABILITIES

PROPERTY AND EQUIPMENT—NET

Property and equipment—net consists of the following (in thousands):

	March 31, 2017			March 31, 2016
Furniture, fixtures and equipment	$	17,132		$	15,033
Vehicles		343			370
Capitalized software		4,342			4,018
Leasehold improvements		4,680			3,978
Total assets		26,497			23,399

Accumulated depreciation and amortization		(19,807	)		(17,133	)
Property and equipment - net	$	6,690		$	6,266

For the years ended March 31, 2017, 2016 and 2015, depreciation expense on property and equipment was $3.0 million, $2.3 million, and $1.5 million, respectively.

OTHER ASSETS AND LIABILITIES

Our other assets and liabilities consist of the following (in thousands):

	March 31, 2017		March 31, 2016
Other current assets:
Deposits & funds held in escrow	$	39,161	$	3,116
Prepaid assets		3,388		6,683
Other		815		850
Total other current assets	$	43,364	$	10,649

Other assets:
Deferred costs	$	3,536	$	1,831
Property and equipment, net		6,690		6,266
Other		1,730		547
Total other assets - long term	$	11,956	$	8,644

	March 31, 2017		March 31, 2016
Other current liabilities:
Accrued expenses	$	7,450	$	7,109
Accrued income taxes payable		1,761		-
Other		9,968		6,009
Total other current liabilities	$	19,179	$	13,118

Other liabilities:
Deferred revenue	$	4,704	$	1,866
Other		2,376		397
Total other liabilities - long term	$	7,080	$	2,263

As of March 31, 2017 and 2016 we had a deposits and funds held in escrow of $39.2 million and $3.1 million, respectively. These balances relate to financial assets that were sold to third-party banks. In conjunction with those sales, a portion of the proceeds were placed in escrow and will be released to us upon payment of outstanding invoices related to the underlying financing arrangements that were sold.