Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

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Property and Equipment (Tables)
3 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consisted of the following:

 

    As of     As of  
    September 30, 2016     June 30, 2016  
                 
Office Furniture and Equipment   $ 3,426,515     $ 3,346,156  
Computer Equipment     26,392,430       25,935,620  
Assets Under Capital Leases     2,366,860       2,409,074  
Building     9,344,596       9,185,570  
Land     2,453,707       2,410,664  
Autos     1,315,522       1,073,447  
Improvements     392,011       385,135  
Subtotal     45,691,641       44,745,666  
Accumulated Depreciation     (23,078,889 )     (21,971,231 )
Property and Equipment, Net   $ 22,612,752     $ 22,774,435  

Summary of Fixed Assets Held Under Capital Leases

Following is a summary of fixed assets held under capital leases as of September 30, 2016 and June 30, 2016:

 

    As of     As of  
    September 30, 2016     June 30, 2016  
Computers and Other Equipment   $ 396,519     $ 503,926  
Furniture and Fixtures     414,326       408,200  
Vehicles     1,556,015       1,496,948  
Total     2,366,860       2,409,074  
Less: Accumulated Depreciation - Net     (706,151 )     (713,248 )
    $ 1,660,709     $ 1,695,826