Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.6.0.2
Property and Equipment
6 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment

Property and Equipment consists of the following (amounts in thousands):
 
December 31, 2016
 
June 30, 2016
Leasehold Improvements
$
2,261

 
$
2,261

Furniture and Fixtures
588

 
588

Computer Equipment
456

 
456

Software
164

 
164

Total
3,469

 
3,469

Accumulated Depreciation and Amortization
(2,209
)
 
(2,055
)
Property and Equipment, net
$
1,260

 
$
1,414



Depreciation and amortization charged to selling, general and administrative expenses for the three months ended December 31, 2016 and 2015 amounted to approximately $77,000 and $139,000, respectively.

Depreciation and amortization charged to selling, general and administrative expenses for the six months ended December 31, 2016 and 2015 amounted to $154,000 and $279,000, respectively.