Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.3.1.900
Property and Equipment
 6 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment
PROPERTY AND EQUIPMENT

Property and equipment consists of the following at December 31, 2015 and June 30, 2015:
in thousands
 
 
 
 
 
 
 
December 31, 2015
 
June 30, 2015
 
Office furniture, fixtures and equipment
 
$
979

 
$
616

 
Computer equipment
 
368

 
368

 
Computer software
 
2,626

 
2,376

 
Leasehold improvements
 
1,661

 
1,700

 
Subtotal
 
5,634

 
5,060

 
Less: accumulated depreciation
 
(2,625
)
 
(2,210
)
 
Property and equipment, net
 
$
3,009

 
$
2,850

 

Depreciation expense for the three months ended December 31, 2015 and 2014 was $209,000 and $131,000, respectively. Depreciation expense for the six months ended December 31, 2015 and 2014 was $415,000 and $263,000, respectively.