Note 5—Balance Sheet Details

Property and Equipment

Property and equipment, net, is comprised of the following:

Depreciation and amortization expense recorded for the three- and nine-month periods ended April 30, 2017 and 2016, was approximately $95,000 and $284,000 and approximately $102,000 and $254,000, respectively.

Other Long-Term Assets

Other long-term assets is comprised of the following:

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities are comprised of the following:

On September 8, 2016, the Company entered into a $50,000 credit card facility with Banc of California, which collateralized the Company’s visa business card from Elan Financial Services. At November 30, 2016, Banc of California discontinued utilization of Elan Financial Services and replaced the visa business card with their own debit MasterCard, which functions similar to a credit card.

Accrued Compensation

Accrued compensation is comprised of the following:

Other Long-Term Liabilities

Other long-term liabilities are comprised of the following: