| Schedule of Property and Equipment |
Property and equipment consisted of the following:
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2019 |
|
|
June 30, 2019 |
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
3,326,658 |
|
|
$ |
3,125,382 |
|
| Computer Equipment |
|
|
20,242,827 |
|
|
|
18,905,603 |
|
| Assets Under Capital Leases |
|
|
1,671,055 |
|
|
|
1,720,490 |
|
| Building |
|
|
6,331,664 |
|
|
|
6,021,939 |
|
| Land |
|
|
1,641,773 |
|
|
|
1,559,111 |
|
| Capital Work In Progress |
|
|
13,859 |
|
|
|
- |
|
| Autos |
|
|
1,403,884 |
|
|
|
1,024,754 |
|
| Improvements |
|
|
96,223 |
|
|
|
111,165 |
|
| Subtotal |
|
|
34,727,943 |
|
|
|
32,468,444 |
|
| Accumulated Depreciation |
|
|
(22,059,254 |
) |
|
|
(20,371,589 |
) |
| Property and Equipment, Net |
|
$ |
12,668,689 |
|
|
$ |
12,096,855 |
|
|
| Summary of Fixed Assets Held Under Finance Leases |
Following is a summary of fixed assets held
under finance leases as of December 31, 2019 and June 30, 2019:
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2019 |
|
|
June 30, 2019 |
|
| Computers and Other Equipment |
|
$ |
340,367 |
|
|
$ |
324,466 |
|
| Furniture and Fixtures |
|
|
65,084 |
|
|
|
65,084 |
|
| Vehicles |
|
|
1,265,604 |
|
|
|
1,330,940 |
|
| Total |
|
|
1,671,055 |
|
|
|
1,720,490 |
|
| Less: Accumulated Depreciation - Net |
|
|
(638,759 |
) |
|
|
(538,564 |
) |
| |
|
$ |
1,032,296 |
|
|
$ |
1,181,926 |
|
|