PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Abstract]

4. PROPERTY AND EQUIPMENT

Property and equipment, at cost, consist of the following:

	Useful	June 30,
	Lives	2012			2011
Computer equipment and purchased software	3-7 years	$	4,682,276		$	4,335,163
Property and equipment used for Rental Program	5 years		12,523,254			6,768,584
Furniture and equipment	3-7 years		805,077			785,960
Leasehold improvements	Lesser of life or lease term		465,587			271,759
Vehicles	5 years		-			29,066
			18,476,194			12,190,532
Less accumulated depreciation			(6,676,086	)		(4,794,757	)
		$	11,800,108		$	7,395,775

Assets under capital lease totaled approximately $1,863,000 and $1,459,000 as of June 30, 2012 and 2011, respectively. Capital lease amortization of approximately $189,000, $277,000, and $263,000, is included in depreciation expense for the years ended June 30, 2012, 2011, and 2010, respectively.

ePort equipment utilized by the JumpStart Program is identified as Property and equipment used for Rental Program in the above table. Accumulated depreciation attributable to the Property and equipment used for Rental Program is approximately $2,731,000 and $1,034,000 as of June 30, 2012 and 2011, respectively and is included in accumulated depreciation for the respective years in the above table.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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