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, 2018
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,  
    2018     2017  
             
Office Furniture and Equipment   $ 3,496,653     $ 3,755,710  
Computer Equipment     23,708,034       26,693,730  
Assets Under Capital Leases     1,479,976       1,965,650  
Building     8,005,351       9,243,866  
Land     2,088,463       2,428,626  
Autos     1,053,749       1,270,339  
Improvements     324,023       592,652  
Subtotal     40,156,249       45,950,573  
Accumulated Depreciation     (23,990,758 )     (25,579,870 )
Property and Equipment, Net   $ 16,165,491     $ 20,370,703  

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,  
    2018     2017  
Computers and Other Equipment   $ 228,581     $ 309,863  
Furniture and Fixtures     65,084       227,914  
Vehicles     1,186,311       1,427,873  
Total     1,479,976       1,965,650  
Less: Accumulated Depreciation - Net     (477,620 )     (711,622 )
    $ 1,002,356     $ 1,254,028