| Schedule of Property and Equipment |
Property and equipment consisted of the following:
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2015 |
|
|
June 30, 2015 |
|
| |
|
|
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
3,203,248 |
|
|
$ |
3,104,375 |
|
| Computer Equipment |
|
|
25,545,848 |
|
|
|
25,911,422 |
|
| Assets Under Capital Leases |
|
|
1,859,806 |
|
|
|
1,887,767 |
|
| Building |
|
|
8,717,470 |
|
|
|
8,743,130 |
|
| Land |
|
|
2,393,866 |
|
|
|
2,451,577 |
|
| Capital Work In Progress |
|
|
162,274 |
|
|
|
392,243 |
|
| Autos |
|
|
981,035 |
|
|
|
943,873 |
|
| Improvements |
|
|
382,451 |
|
|
|
204,779 |
|
| Subtotal |
|
|
43,245,998 |
|
|
|
43,639,166 |
|
| Accumulated Depreciation |
|
|
(19,994,078 |
) |
|
|
(18,519,532 |
) |
| Property and Equipment, Net |
|
$ |
23,251,920 |
|
|
$ |
25,119,634 |
|
|
| Summary of Fixed Assets Held Under Capital Leases |
Following is a summary of fixed assets held under capital
leases as of December 31, 2015 and June 30, 2015:
| |
|
As of |
|
|
As of |
|
| |
|
December 31, 2015 |
|
|
June 30, 2015 |
|
| Computers and Other Equipment |
|
$ |
520,993 |
|
|
$ |
590,625 |
|
| Furniture and Fixtures |
|
|
405,809 |
|
|
|
414,023 |
|
| Vehicles |
|
|
933,004 |
|
|
|
883,119 |
|
| Total |
|
|
1,859,806 |
|
|
|
1,887,767 |
|
| Less: Accumulated Depreciation - Net |
|
|
(600,457 |
) |
|
|
(577,215 |
) |
| |
|
$ |
1,259,349 |
|
|
$ |
1,310,552 |
|
|