Property and Equipment

6 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and Equipment consists of the following (amounts in thousands):

	December 31, 2016			June 30, 2016
Leasehold Improvements	$	2,261		$	2,261
Furniture and Fixtures	588			588
Computer Equipment	456			456
Software	164			164
Total	3,469			3,469
Accumulated Depreciation and Amortization	(2,209		)	(2,055		)
Property and Equipment, net	$	1,260		$	1,414

Depreciation and amortization charged to selling, general and administrative expenses for the three months ended December 31, 2016 and 2015 amounted to approximately $77,000 and $139,000, respectively.

Depreciation and amortization charged to selling, general and administrative expenses for the six months ended December 31, 2016 and 2015 amounted to $154,000 and $279,000, respectively.