5. PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Property and equipment are recorded at cost. Gains or losses on disposals are reflected as gain or loss in the year of disposal. The cost of improvements that extends the life of property and equipment are capitalized. These capitalized costs may include structural improvements, equipment, and fixtures. All ordinary repair and maintenance costs are expensed as incurred. Property and equipment are being depreciated and amortized on the straight-line basis over the following estimated useful lives.

	Estimated Useful Lives
Furniture & Office Equipment	Three Years
Network Hardware & Software	Three Years
Site Installation Materials	Three Years

As of June 30, 2013 and June 30, 2012, property and equipment consisted of the following:

	June 30,		June 30,
	2013		2012
Furniture & Office Equipment	$	15,392	$	26,852
Network Hardware & Software		28,428		55,254
Site Installation Materials		-		1,813
Total Fixed Assets		43,820		83,919
Accumulated Depreciation		28,842		(77,120	)
Total Fixed Assets, Net	$	14,978	$	6,799

Depreciation expense amounted to $4,607 and $1,804 for the years then ended June 30, 2013 and 2012, respectively.