Property, Furniture and Equipment

12 Months Ended

Mar. 31, 2013

5. Property, Furniture and Equipment

Property, furniture and equipment at March 31 consisted of (in thousands):

	2013			2012
Land and buildings	$	652		$	685
Office equipment, furniture and fixtures	4,805			5,361
Total	5,457			6,046
Accumulated depreciation and amortization	(4,906		)	(5,431		)
Property, furniture and equipment, net	$	551		$	615

Depreciation and amortization expense for the fiscal years ended March 31, 2013, 2012, and 2011 was approximately $127,000, $159,000, and $364,000, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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