Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v2.4.1.9
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.