PROPERTY AND EQUIPMENT

6 Months Ended

Dec. 31, 2021

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following as of December 31, 2021 and June 30, 2021: 

	December 31, 2021			June 30, 2021
Computer equipment	$	746,000		$	697,000
Website design		6,000			6,000
Office machine & equipment		96,000			97,000
Furniture & fixtures		467,000			438,000
Leasehold improvements		138,000			135,000
Tenant incentives		145,000			145,000
		1,598,000			1,518,000
Accumulated depreciation		(1,224,000	)		(1,175,000	)
Net book value	$	374,000		$	343,000

During the three months ended December 31, 2021 and 2020, depreciation expense was $28,000 and $30,000, respectively. During the six months ended December 31, 2021 and 2020, depreciation expense was $58,000 and $61,000, respectively.