| Schedule of Property and Equipment |
Property and equipment consisted of the following:
| |
|
As of
December 31, 2014 |
|
|
As of
June 30, 2014 |
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
2,624,218 |
|
|
$ |
2,628,814 |
|
| Computer Equipment |
|
|
25,899,260 |
|
|
|
27,215,091 |
|
| Assets Under Capital Leases |
|
|
1,804,147 |
|
|
|
1,861,445 |
|
| Building |
|
|
6,068,353 |
|
|
|
6,259,290 |
|
| Land |
|
|
3,249,086 |
|
|
|
3,351,316 |
|
| Capital Work In Progress |
|
|
3,184,387 |
|
|
|
2,812,181 |
|
| Autos |
|
|
994,641 |
|
|
|
999,277 |
|
| Improvements |
|
|
510,573 |
|
|
|
533,102 |
|
| Subtotal |
|
|
44,334,665 |
|
|
|
45,660,516 |
|
| Accumulated Depreciation |
|
|
(16,791,176 |
) |
|
|
(15,939,388 |
) |
| Property and Equipment, Net |
|
$ |
27,543,489 |
|
|
$ |
29,721,128 |
|
|
| Summary of Fixed Assets Held Under Capital Leases |
Following is a summary of fixed assets held
under capital leases as of December 31, 2014 and June 30, 2014:
| |
|
As of
December 31, 2014 |
|
|
As of
June 30, 2014 |
|
| Computers and Other Equipment |
|
$ |
684,941 |
|
|
$ |
731,354 |
|
| Furniture and Fixtures |
|
|
355,037 |
|
|
|
280,184 |
|
| Vehicles |
|
|
764,169 |
|
|
|
849,907 |
|
| Total |
|
|
1,804,147 |
|
|
|
1,861,445 |
|
| Less: Accumulated Depreciation - Net |
|
|
(514,566 |
) |
|
|
(469,336 |
) |
| |
|
$ |
1,289,581 |
|
|
$ |
1,392,109 |
|
|