| Schedule of Property and Equipment |
Property and equipment consisted of the following:
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2020 |
|
|
June 30, 2020 |
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
3,213,526 |
|
|
$ |
3,143,833 |
|
| Computer Equipment |
|
|
21,331,085 |
|
|
|
19,256,543 |
|
| Assets Under Capital Leases |
|
|
1,511,557 |
|
|
|
1,443,423 |
|
| Building |
|
|
6,123,262 |
|
|
|
5,848,813 |
|
| Land |
|
|
1,586,153 |
|
|
|
1,512,905 |
|
| Capital Work In Progress |
|
|
30,079 |
|
|
|
27,648 |
|
| Autos |
|
|
1,475,366 |
|
|
|
1,348,405 |
|
| Improvements |
|
|
38,062 |
|
|
|
36,929 |
|
| Subtotal |
|
|
35,309,090 |
|
|
|
32,618,499 |
|
| Accumulated Depreciation |
|
|
(23,099,590 |
) |
|
|
(21,288,868 |
) |
| Property and Equipment, Net |
|
$ |
12,209,500 |
|
|
$ |
11,329,631 |
|
|
| Summary of Fixed Assets Held Under Capital Leases |
Following is a summary of fixed assets held under finance leases
as of December 31, 2020 and June 30, 2020:
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2020 |
|
|
June 30, 2020 |
|
| Computers and Other Equipment |
|
$ |
362,337 |
|
|
$ |
328,621 |
|
| Furniture and Fixtures |
|
|
56,722 |
|
|
|
51,119 |
|
| Vehicles |
|
|
1,092,498 |
|
|
|
1,063,683 |
|
| Total |
|
|
1,511,557 |
|
|
|
1,443,423 |
|
| Less: Accumulated Depreciation - Net |
|
|
(736,767 |
) |
|
|
(667,096 |
) |
| |
|
$ |
774,790 |
|
|
$ |
776,327 |
|
|