PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

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

	2016			2015
Computer equipment	$	3,350,390		$	3,269,403
Furniture and fixtures		260,574			260,574
Leasehold improvements		231,782			231,782
		3,842,746			3,761,759
Less accumulated depreciation and amortization		(3,373,363	)		(2,997,317	)
	$	469,383		$	764,442

 Depreciation expense for the years ended June 30, 2016 and 2015 was $376,046 and $345,847, respectively.