Property and Equipment

9 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property and Equipment consists of the following:



	March 31, 2013	June 30, 2012

Leasehold Improvements	$2,042	$1,839
Furniture and Fixtures	550	441
Computer Equipment	1,002	785
Software	103	95
Total	3,697	3,160
Accumulated Depreciation and Amortization	(764)	(299)
Property and Equipment, net	$2,933	$2,861

Depreciation and amortization charges to selling, general and administrative expenses for the nine months ended March 31, 2013 and 2012 amounted to $465 and $59, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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