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PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property and equipment are stated at cost and consist of the following at June 30:

	2014			2013
Computer equipment	$	2,899,867		$	2,444,129
Furniture and fixtures		260,574			321,281
Leasehold improvements		231,782			231,782
		3,392,223			2,997,192
Less accumulated depreciation and amortization		(2,651,470	)		(2,325,233	)
	$	740,753		$	671,959

Depreciation expense for the years ended June 30, 2014 and 2013 was $383,930 and $332,925, 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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