Property and Equipment

9 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment consists of the following:



	March 31, 2015	June 30, 2014

Leasehold Improvements	$2,893	$2,460
Furniture and Fixtures	592	592
Computer Equipment	496	726
Software	164	168
Total	4,145	3,946
Accumulated Depreciation and Amortization	(1,538)	(1,333)
Property and Equipment, net	$2,607	$2,613

Depreciation and amortization charged to selling, general and administrative expenses for the three and nine months ended March 31, 2015 amounted to $167 and $552, respectively. Depreciation and amortization charged to selling, general and administrative expenses for the three and nine months ended March 31, 2014 amounted to $162 and $470, 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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