PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

4. PROPERTY AND EQUIPMENT

Property and equipment, at cost, consist of the following:


	Useful	June 30,
	Lives	2014			2013
Computer equipment and purchased software	3-7 years	$	4,581,001		$	4,688,104
Property and equipment used for Rental Program	5 years		30,348,918			21,574,225
Furniture and equipment	3-7 years		681,717			693,554
Leasehold improvements	Lesser of life or lease term		575,343			539,629
			36,186,979			27,495,512
Less accumulated depreciation			(15,048,399	)		(10,255,447	)
		$	21,138,580		$	17,240,065

Assets under capital lease totaled approximately $2,031,000 and $1,965,000 as of June 30, 2014 and 2013, respectively. Capital lease amortization of approximately $305,000, $265,000, and $189,000, is included in depreciation expense for the years ended June 30, 2014, 2013, and 2012, respectively.

ePort equipment utilized by the JumpStart Program is identified as Property and equipment used for Rental Program in the above table. Accumulated depreciation attributable to the Property and equipment used for Rental Program is approximately $10,525,000 and $5,889,000 as of June 30, 2014 and 2013, respectively and is included in accumulated depreciation for the respective years in the above table.

- 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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