| SCHEDULE OF PROPERTY AND EQUIPMENT |
Property
and equipment consisted of the following:
SCHEDULE OF PROPERTY AND EQUIPMENT
| |
|
As of |
|
|
As of |
|
| |
|
March
31, 2025 |
|
|
June
30, 2024 |
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
2,446,214 |
|
|
$ |
2,352,940 |
|
| Computer Equipment |
|
|
8,901,316 |
|
|
|
8,679,791 |
|
| Assets Under Capital Leases |
|
|
138,549 |
|
|
|
154,718 |
|
| Building |
|
|
3,586,906 |
|
|
|
3,602,819 |
|
| Land |
|
|
909,226 |
|
|
|
913,473 |
|
| Autos |
|
|
1,585,341 |
|
|
|
1,658,961 |
|
| Improvements |
|
|
213,868 |
|
|
|
206,387 |
|
| Subtotal |
|
|
17,781,420 |
|
|
|
17,569,089 |
|
| Accumulated Depreciation |
|
|
(13,012,576 |
) |
|
|
(12,462,247 |
) |
| Property and Equipment,
Net |
|
$ |
4,768,844 |
|
|
$ |
5,106,842 |
|
|
| SCHEDULE OF FIXED ASSETS HELD UNDER CAPITAL LEASES |
Following
is a summary of fixed assets held under finance leases as of March 31, 2025 and June 30, 2024:
SCHEDULE OF FIXED ASSETS HELD UNDER CAPITAL LEASES
| |
|
As of |
|
|
As of |
|
| |
|
March
31, 2025 |
|
|
June
30, 2024 |
|
| Vehicles |
|
$ |
138,549 |
|
|
$ |
154,718 |
|
| Total |
|
|
138,549 |
|
|
|
154,718 |
|
| Less: Accumulated
Depreciation - Net |
|
|
(36,994 |
) |
|
|
(25,078 |
) |
|
Fixed assets held under
capital leases, Total
|
|
$ |
101,555 |
|
|
$ |
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 |
|
| |
|
March
31, 2025 |
|
|
June
30, 2024 |
|
| Weighted
average remaining lease term - Finance leases |
|
|
2
Years |
|
|
|
2.75
Years |
|
| |
|
|
|
|
|
|
|
|
| Weighted
average discount rate - Finance leases |
|
|
11.3 |
% |
|
|
11.3 |
% |
|