PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2016

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

2. PROPERTY AND EQUIPMENT

        A summary of property and equipment as of June 30, 2016 and 2015 is as follows:

		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

        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, 2016 and 2015, there were no impairments of property and equipment.