| Schedule of Property and Equipment |
Property and equipment consisted of the following:
| |
|
As of |
|
|
As of |
|
| |
|
September 30, 2019 |
|
|
June 30, 2019 |
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
3,231,116 |
|
|
$ |
3,125,382 |
|
| Computer Equipment |
|
|
19,557,328 |
|
|
|
18,905,603 |
|
| Assets Under Finance Leases |
|
|
1,669,388 |
|
|
|
1,720,490 |
|
| Building |
|
|
6,247,424 |
|
|
|
6,021,939 |
|
| Land |
|
|
1,619,290 |
|
|
|
1,559,111 |
|
| Autos |
|
|
1,399,070 |
|
|
|
1,024,754 |
|
| Improvements |
|
|
93,738 |
|
|
|
111,165 |
|
| Subtotal |
|
|
33,817,354 |
|
|
|
32,468,444 |
|
| Accumulated Depreciation |
|
|
(21,338,513 |
) |
|
|
(20,371,589 |
) |
| Property and Equipment, Net |
|
$ |
12,478,841 |
|
|
$ |
12,096,855 |
|
|
| Summary of Fixed Assets Held Under Finance Leases |
Following is a summary of fixed assets held under finance leases
as of September 30, 2019 and June 30, 2019:
| |
|
As of |
|
|
As of |
|
| |
|
September 30, 2019 |
|
|
June 30, 2019 |
|
| Computers and Other Equipment |
|
$ |
317,296 |
|
|
$ |
324,466 |
|
| Furniture and Fixtures |
|
|
65,084 |
|
|
|
65,084 |
|
| Vehicles |
|
|
1,287,008 |
|
|
|
1,330,940 |
|
| Total |
|
|
1,669,388 |
|
|
|
1,720,490 |
|
| Less: Accumulated Depreciation - Net |
|
|
(567,780 |
) |
|
|
(538,564 |
) |
| |
|
$ |
1,101,608 |
|
|
$ |
1,181,926 |
|
|