Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.4.0.3
Property and Equipment
 9 Months Ended
Mar. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment
PROPERTY AND EQUIPMENT

Property and equipment consists of the following at March 31, 2016 and June 30, 2015:
in thousands
 
 
 
 
 
 
 
March 31, 2016
 
June 30, 2015
 
Office furniture, fixtures and equipment
 
$
1,099

 
$
616

 
Computer equipment
 
368

 
368

 
Computer software
 
2,731

 
2,376

 
Leasehold improvements
 
1,974

 
1,700

 
Subtotal
 
6,172

 
5,060

 
Less: accumulated depreciation
 
(2,834
)
 
(2,210
)
 
Property and equipment, net
 
$
3,338

 
$
2,850

 

Depreciation expense for the three months ended March 31, 2016 and 2015 was $209,000 and $127,000, respectively. Depreciation expense for the nine months ended March 31, 2016 and 2015 was $624,000 and $390,000, respectively.