PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Jun. 30, 2016

PROPERTY AND EQUIPMENT

Summary of property and equipment

		June 30,
(in thousands)	Useful Life	2016			2015
Computer equipment and software	3 years	$	1,285		$	1,302
Office equipment and furniture	5 years		307			307
Leasehold improvements	3 years		534			534
Total Cost			2,126			2,143
Less—Accumulated depreciation			(2,075	)		(1,983	)
		$	51		$	160