| Schedule of Property and Equipment |
Property and equipment consisted of the following:
| |
|
As of |
|
|
As of |
|
| |
|
March 31, 2016 |
|
|
June 30, 2015 |
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
3,287,876 |
|
|
$ |
3,104,375 |
|
| Computer Equipment |
|
|
25,728,409 |
|
|
|
25,911,422 |
|
| Assets Under Capital Leases |
|
|
2,090,273 |
|
|
|
1,887,767 |
|
| Building |
|
|
8,989,221 |
|
|
|
8,743,130 |
|
| Land |
|
|
2,400,421 |
|
|
|
2,451,577 |
|
| Capital Work In Progress |
|
|
311,153 |
|
|
|
392,243 |
|
| Autos |
|
|
974,070 |
|
|
|
943,873 |
|
| Improvements |
|
|
383,499 |
|
|
|
204,779 |
|
| Subtotal |
|
|
44,164,922 |
|
|
|
43,639,166 |
|
| Accumulated Depreciation |
|
|
(20,986,572 |
) |
|
|
(18,519,532 |
) |
| Property and Equipment, Net |
|
$ |
23,178,350 |
|
|
$ |
25,119,634 |
|
|
| Summary of Fixed Assets Held Under Capital Leases |
Following is a summary of fixed assets held under capital
leases as of March 31, 2016 and June 30, 2015:
| |
|
As of |
|
|
As of |
|
| |
|
March 31, 2016 |
|
|
June 30, 2015 |
|
| Computers and Other Equipment |
|
$ |
516,208 |
|
|
$ |
590,625 |
|
| Furniture and Fixtures |
|
|
406,742 |
|
|
|
414,023 |
|
| Vehicles |
|
|
1,167,323 |
|
|
|
883,119 |
|
| Total |
|
|
2,090,273 |
|
|
|
1,887,767 |
|
| Less: Accumulated Depreciation - Net |
|
|
(675,524 |
) |
|
|
(577,215 |
) |
| |
|
$ |
1,414,749 |
|
|
$ |
1,310,552 |
|
|