| SCHEDULE OF PROPERTY AND EQUIPMENT |
Property and equipment consisted
of the following:
SCHEDULE OF PROPERTY AND EQUIPMENT
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2024 |
|
|
June 30, 2024 |
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
2,377,621 |
|
|
$ |
2,352,940 |
|
| Computer Equipment |
|
|
9,156,088 |
|
|
|
8,679,791 |
|
| Assets Under Capital Leases |
|
|
133,897 |
|
|
|
154,718 |
|
| Building |
|
|
3,597,784 |
|
|
|
3,602,819 |
|
| Land |
|
|
912,129 |
|
|
|
913,473 |
|
| Autos |
|
|
1,594,928 |
|
|
|
1,658,961 |
|
| Improvements |
|
|
212,897 |
|
|
|
206,387 |
|
| Subtotal |
|
|
17,985,344 |
|
|
|
17,569,089 |
|
| Accumulated Depreciation |
|
|
(13,050,846 |
) |
|
|
(12,462,247 |
) |
| Property and Equipment, Net |
|
$ |
4,934,498 |
|
|
$ |
5,106,842 |
|
|
| SCHEDULE OF FIXED ASSETS HELD UNDER CAPITAL LEASES |
Following is a summary of fixed
assets held under finance leases as of December 31, 2024 and June 30, 2024:
SCHEDULE OF FIXED ASSETS HELD UNDER CAPITAL LEASES
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2024 |
|
|
June 30, 2024 |
|
| Vehicles |
|
$ |
133,897 |
|
|
$ |
154,718 |
|
| Total |
|
|
133,897 |
|
|
|
154,718 |
|
| Less: Accumulated Depreciation - Net |
|
|
(27,478 |
) |
|
|
(25,078 |
) |
| Fixed assets held under
capital leases, Total |
|
$ |
106,419 |
|
|
$ |
129,640 |
|
|
| SCHEDULE OF FINANCE LEASE TERM |
Finance lease term and discount
rate were as follows:
SCHEDULE OF FINANCE LEASE TERM
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2024 |
|
|
June 30, 2024 |
|
| |
|
|
|
|
|
|
| Weighted average remaining lease term - Finance leases |
|
|
2.25 Years |
|
|
|
2.75 Years |
|
| |
|
|
|
|
|
|
|
|
| Weighted average discount rate - Finance leases |
|
|
11.3 |
% |
|
|
11.3 |
% |
|