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PROPERTY AND EQUIPMENT

9 Months Ended

Mar. 31, 2015

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

	March 31, 2015 (unaudited)		June 30, 2014
Computer equipment	$	3,261,956	$	2,899,867
Furniture and fixtures		260,574		260,574
Leasehold improvements		231,782		231,782
		3,754,312		3,392,223
Less accumulated depreciation and amortization		(2,899,533)		(2,651,470)
	$	854,779	$	740,753

- 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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