Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.5.0.2
Property and Equipment
12 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment
PROPERTY AND EQUIPMENT

Property and equipment consists of the following at June 30, 2016 and June 30, 2015:
in thousands
 
 
 
 
 
 
 
June 30, 2016
 
June 30, 2015
 
Office furniture, fixtures and equipment
 
$
1,107

 
$
616

 
Computer equipment
 
407

 
368

 
Computer software
 
2,386

 
2,376

 
Leasehold improvements
 
1,661

 
1,700

 
Total depreciable assets
 
5,561

 
5,060

 
Less: accumulated depreciation
 
(3,043
)
 
(2,210
)
 
Property and equipment not placed in service
 
964

 

 
Property and equipment, net
 
$
3,482

 
$
2,850

 

Depreciation expense for the years ended June 30, 2016 and 2015 was $833,000 and $511,000, respectively.