A-Mark Precious Metals, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

9 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

PROPERTY AND EQUIPMENT

Property and equipment consists of the following at March 31, 2015 and June 30, 2014:



in thousands
	March 31, 2015			June 30, 2014
Office furniture, fixtures and equipment	$	515		$	490
Computer equipment	343			323
Computer software	2,376			2,333
Leasehold improvements	260			260
Subtotal	3,494			3,406
Less: accumulated depreciation	(2,119		)	(1,728		)
Property and equipment, net	$	1,375		$	1,678

Depreciation expense for the three months ended March 31, 2015 and 2014 was $0.1 million and $0.1 million, respectively, and for the nine months ended March 31, 2015 and 2014 was $0.4 million and $0.4 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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