Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

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Property and Equipment (Tables)
 12 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consisted of the following:

 

    As of June 30,     As of June 30,  
    2017     2016  
             
Office Furniture and Equipment   $ 3,755,710     $ 3,346,156  
Computer Equipment     26,693,730       25,935,620  
Assets Under Capital Leases     1,965,650       2,409,074  
Building     9,243,866       9,185,570  
Land     2,428,626       2,410,664  
Autos     1,270,339       1,073,447  
Improvements     592,652       385,135  
Subtotal     45,950,573       44,745,666  
Accumulated Depreciation     (25,579,870 )     (21,971,231 )
Property and Equipment, Net   $ 20,370,703     $ 22,774,435  

Summary of Fixed Assets Held Under Capital Leases

Following is a summary of fixed assets held under capital leases:

 

    As of June 30,     As of June 30,  
    2017     2016  
Computers and Other Equipment   $ 309,863     $ 503,926  
Furniture and Fixtures     227,914       408,200  
Vehicles     1,427,873       1,496,948  
Total     1,965,650       2,409,074  
Less: Accumulated Depreciation - Net     (711,622 )     (713,248 )
    $ 1,254,028     $ 1,695,826