PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2017

Disclosure Text Block

PROPERTY AND EQUIPMENT

2. PROPERTY AND EQUIPMENT

A summary of property and equipment as of June 30, 2017 and 2016 is as follows:

		June 30,
(in thousands)	Useful Life	2017		2016
Computer equipment and software	3 years	$	1,319	$	1,285
Office equipment and furniture	5 years		307		307
Leasehold improvements	3 years		534		534
Total Cost			2,160		2,126
Less - Accumulated depreciation			(2,109)		(2,075)
		$	51	$	51

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, 2017 and 2016, there were no impairments of property and equipment.