| Schedule of Property and Equipment |
Property and equipment consisted of the following:
| |
|
As of December 31, |
|
|
As of June 30, |
|
| |
|
2018 |
|
|
2018 |
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
3,320,282 |
|
|
$ |
3,496,653 |
|
| Computer Equipment |
|
|
21,293,119 |
|
|
|
23,708,034 |
|
| Assets Under Capital Leases |
|
|
1,498,521 |
|
|
|
1,479,976 |
|
| Building |
|
|
7,013,449 |
|
|
|
8,005,351 |
|
| Land |
|
|
1,823,734 |
|
|
|
2,088,463 |
|
| Autos |
|
|
1,056,694 |
|
|
|
1,053,749 |
|
| Improvements |
|
|
158,584 |
|
|
|
324,023 |
|
| Subtotal |
|
|
36,164,383 |
|
|
|
40,156,249 |
|
| Accumulated Depreciation |
|
|
(22,158,842 |
) |
|
|
(23,990,758 |
) |
| Property and Equipment, Net |
|
$ |
14,005,541 |
|
|
$ |
16,165,491 |
|
|
| Summary of Fixed Assets Held Under Capital Leases |
Following is a summary of fixed assets held under capital leases
as of December 31, 2018 and June 30, 2018:
| |
|
As of December 31, |
|
|
As of June 30, |
|
| |
|
2018 |
|
|
2018 |
|
| Computers and Other Equipment |
|
$ |
262,677 |
|
|
$ |
228,581 |
|
| Furniture and Fixtures |
|
|
65,084 |
|
|
|
65,084 |
|
| Vehicles |
|
|
1,170,760 |
|
|
|
1,186,311 |
|
| Total |
|
|
1,498,521 |
|
|
|
1,479,976 |
|
| Less: Accumulated Depreciation - Net |
|
|
(473,630 |
) |
|
|
(477,620 |
) |
| |
|
$ |
1,024,891 |
|
|
$ |
1,002,356 |
|
|