PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2015

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

2. PROPERTY AND EQUIPMENT

        A summary of property and equipment as of June 30, 2015 and 2014 is as follows:

		June 30,
	Useful Life
(in thousands)		2015			2014
Computer equipment and software	3 years	$	1,302		$	1,324
Office equipment and furniture	5 years		307			330
Leasehold improvements	3 years		534			529
Total Cost			2,143			2,183
Less—Accumulated depreciation			(1,983	)		(1,785	)
		$	160		$	398

        We review assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. As of June 30, 2015 and 2014, there were no impairments of property and equipment.