PSM Holdings, Inc. (fka PSMH)

[Royal]

PSMH Depreciation and amortization expense increased by $63,935 to $80,883 and increased by $127,502 to $178,875 for the three and nine months ended March 31, 2012 as compared to the comparable prior year periods, primarily due to the change in the amortization period from 5 to 8 years of identifiable intangible assets (customer lists) acquired as a result of four acquisitions during the three and nine months ended March 31, 2012 .