Property and Equipment

9 Months Ended

Mar. 31, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment consists of the following:



	March 31, 2014	June 30, 2013

Leasehold Improvements	$2,261	$2,254
Furniture and Fixtures	574	550
Computer Equipment	867	738
Software	176	100
Total	3,878	3,642
Accumulated Depreciation and Amortization	(1,297)	(827)
Property and Equipment, net	$2,581	$2,815

Depreciation and amortization charged to selling, general and administrative expenses for the nine months ended March 31, 2014 and 2013 amounted to $470 and $465, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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