Property and Equipment

9 Months Ended

12 Months Ended

Mar. 31, 2012

Jun. 30, 2011

Notes to Financial Statements

Note 5. Property and Equipment

Property and Equipment consists of the following:

	March 31, 2012		June 30, 2011
Leasehold Improvements	$	1,506	$	---
Furniture and Fixtures		436		9
Computer Equipment		713		60
Software		101		14
		2,756		83
Accumulated Depreciation and amortization		(172)		(4)
Property and Equipment, net	$	2,584	$	79

Equipment, consisting of computers, software, furniture and furnishings, were purchased in connection with setting up the Company’s office space.  The amount of such purchase was $83.