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PROPERTY AND EQUIPMENT (Tables)

3 Months Ended

Sep. 30, 2012

Property and equipment are stated at cost and consist of the following as of:

	September 30, 2012 (unaudited)		June 30, 2012
Computer equipment	$	2,285,451	$	2,236,625
Furniture and fixtures		314,823		314,823
Leasehold improvements		141,043		141,043
		2,741,317		2,692,491
Less accumulated depreciation and amortization		(2,221,299)		(2,133,351)
	$	520,018	$	559,140

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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