| SCHEDULE OF PROPERTY AND EQUIPMENT |
Property
and equipment consisted of the following:
SCHEDULE OF PROPERTY AND EQUIPMENT
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2025 |
|
|
June 30, 2025 |
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
2,521,350 |
|
|
$ |
2,437,002 |
|
| Computer Equipment |
|
|
9,657,439 |
|
|
|
9,513,181 |
|
| Assets Under Capital Leases |
|
|
143,590 |
|
|
|
145,197 |
|
| Building |
|
|
3,577,671 |
|
|
|
3,532,475 |
|
| Land |
|
|
906,761 |
|
|
|
894,698 |
|
| Autos |
|
|
1,884,839 |
|
|
|
1,603,271 |
|
| Improvements |
|
|
222,339 |
|
|
|
217,230 |
|
| Subtotal |
|
|
18,913,989 |
|
|
|
18,343,054 |
|
| Accumulated Depreciation |
|
|
(13,728,225 |
) |
|
|
(13,269,682 |
) |
| Property and Equipment, Net |
|
$ |
5,185,764 |
|
|
$ |
5,073,372 |
|
|
| SCHEDULE OF FIXED ASSETS HELD UNDER CAPITAL LEASES |
Following
is a summary of fixed assets held under finance leases as of December 31, 2025 and June 30, 2025:
SCHEDULE OF FIXED ASSETS HELD UNDER CAPITAL LEASES
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2025 |
|
|
June 30, 2025 |
|
| Vehicles |
|
$ |
143,590 |
|
|
$ |
145,197 |
|
| Total |
|
|
143,590 |
|
|
|
145,197 |
|
| Less: Accumulated Depreciation - Net |
|
|
(64,598 |
) |
|
|
(47,807 |
) |
| Fixed assets held under
capital leases, Total |
|
$ |
78,992 |
|
|
$ |
97,390 |
|
|
| 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, 2025 |
|
|
June 30, 2025 |
|
| |
|
|
|
|
|
|
| Weighted average remaining lease term - Finance leases |
|
|
1.25
Years |
|
|
|
1.75
Years |
|
| |
|
|
|
|
|
|
|
|
| Weighted average discount rate - Finance leases |
|
|
11.3 |
% |
|
|
11.3 |
% |
|