| Schedule of Property and Equipment |
Property and equipment consisted of the following:
| |
|
As of
March 31, 2017
|
|
|
As of
June 30, 2016
|
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
3,644,613 |
|
|
$ |
3,346,156 |
|
| Computer Equipment |
|
|
26,298,233 |
|
|
|
25,935,620 |
|
| Assets Under Capital Leases |
|
|
2,393,615 |
|
|
|
2,409,074 |
|
| Building |
|
|
9,208,029 |
|
|
|
9,185,570 |
|
| Land |
|
|
2,418,461 |
|
|
|
2,410,664 |
|
| Autos |
|
|
1,211,460 |
|
|
|
1,073,447 |
|
| Improvements |
|
|
428,464 |
|
|
|
385,135 |
|
| Subtotal |
|
|
45,602,875 |
|
|
|
44,745,666 |
|
| Accumulated Depreciation |
|
|
(24,396,899 |
) |
|
|
(21,971,231 |
) |
| Property and Equipment, Net |
|
$ |
21,205,976 |
|
|
$ |
22,774,435 |
|
|
| Summary of Fixed Assets Held Under Capital Leases |
Following is a summary of fixed assets held under capital
leases as of March 31, 2017 and June 30, 2016:
| |
|
As of
March 31, 2017
|
|
|
As of
June 30, 2016
|
|
| Computers and Other Equipment |
|
$ |
378,765 |
|
|
$ |
503,926 |
|
| Furniture and Fixtures |
|
|
227,232 |
|
|
|
408,200 |
|
| Vehicles |
|
|
1,787,618 |
|
|
|
1,496,948 |
|
| Total |
|
|
2,393,615 |
|
|
|
2,409,074 |
|
| Less: Accumulated Depreciation - Net |
|
|
(749,736 |
) |
|
|
(713,248 |
) |
| |
|
$ |
1,643,879 |
|
|
$ |
1,695,826 |
|
|