Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.3.0.814
Property and Equipment
 3 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment
PROPERTY AND EQUIPMENT

Property and equipment consists of the following at September 30, 2015 and June 30, 2015:
in thousands
 
 
 
 
 
 
 
September 30, 2015
 
June 30, 2015
 
Office furniture, fixtures and equipment
 
$
844

 
$
616

 
Computer equipment
 
368

 
368

 
Computer software
 
2,376

 
2,376

 
Leasehold improvements
 
1,661

 
1,700

 
Subtotal
 
5,249

 
5,060

 
Less: accumulated depreciation
 
(2,417
)
 
(2,210
)
 
Property and equipment, net
 
$
2,832

 
$
2,850

 

Depreciation expense for the three months ended September 30, 2015 and 2014 was $0.2 million and $0.1 million, respectively.