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4. PROPERTY AND EQUIPMENT

3 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following as of September 30, 2014 and June 30, 2014:

	September 30, 2014			June 30, 2014
Furniture & Office Equipment	$	15,392		$	15,392
Network Hardware & Software		33,488			33,488
Total Fixed Assets		48,880			48,880
Accumulated Depreciation		(38,560	)		(36,425	)
Total Fixed Assets, Net	$	10,320		$	12,456

Depreciation expense amounted to $2,137 and $1,759 for the three-month periods ended September 30, 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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