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

6 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property and Equipment

PROPERTY AND EQUIPMENT

Property and equipment consists of the following at December 31, 2013 and June 30, 2013:



in thousands	December 31, 2013			June 30, 2013

Office furniture, fixtures and equipment	$	249		$	176
Computer equipment	262			196
Computer software	2,094			1,932
Leasehold improvements	55			92

	2,660			2,396
Less: accumulated depreciation	(1,434		)	(1,183		)

Property and equipment, net	$	1,226		$	1,213

Depreciation expense for the six months ended December 31, 2013 and 2012 was $0.3 million and $0.2 million, respectively. Depreciation expense for the three months ended December 31, 2013 and 2012 was $0.1 million and $0.1 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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