Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.2.0.727
Property and Equipment
 12 Months Ended
Jun. 30, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment
PROPERTY AND EQUIPMENT

Property and equipment consists of the following at June 30, 2015 and June 30, 2014:
in thousands
 
 
 
 
 
June 30,
 
2015
 
2014
 
Office furniture, fixtures and equipment
 
$
616

 
$
490

 
Computer equipment
 
368

 
323

 
Computer software
 
2,376

 
2,333

 
Leasehold improvements
 
1,700

 
260

 
Subtotal
 
5,060

 
3,406

 
Less: accumulated depreciation
 
(2,210
)
 
(1,728
)
 
Property and equipment, net
 
$
2,850

 
$
1,678

 

Depreciation expense for the years ended June 30, 2015 and 2014 was $0.5 million and $0.5 million, respectively.