| Schedule of Property and Equipment |
Property and equipment consisted of the following:
| |
|
As of |
|
|
As of |
|
| |
|
March 31, 2015 |
|
|
June 30, 2014 |
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
2,217,107 |
|
|
$ |
2,628,814 |
|
| Computer Equipment |
|
|
25,869,449 |
|
|
|
27,215,091 |
|
| Assets Under Capital Leases |
|
|
1,914,014 |
|
|
|
1,861,445 |
|
| Building |
|
|
5,999,422 |
|
|
|
6,259,290 |
|
| Land |
|
|
3,212,179 |
|
|
|
3,351,316 |
|
| Capital Work In Progress |
|
|
3,291,253 |
|
|
|
2,812,181 |
|
| Autos |
|
|
993,046 |
|
|
|
999,277 |
|
| Improvements |
|
|
205,990 |
|
|
|
533,102 |
|
| Subtotal |
|
|
43,702,460 |
|
|
|
45,660,516 |
|
| Accumulated Depreciation |
|
|
(17,291,645 |
) |
|
|
(15,939,388 |
) |
| Property and Equipment, Net |
|
$ |
26,410,815 |
|
|
$ |
29,721,128 |
|
|
| Summary of Fixed Assets Held Under Capital Leases |
Following is a summary of fixed assets
held under capital leases as of March 31, 2015 and June 30, 2014:
| |
|
As of |
|
|
As of |
|
| |
|
March 31, 2015 |
|
|
June 30, 2014 |
|
| Computers and Other Equipment |
|
$ |
672,293 |
|
|
$ |
731,354 |
|
| Furniture and Fixtures |
|
|
351,004 |
|
|
|
280,184 |
|
| Vehicles |
|
|
890,717 |
|
|
|
849,907 |
|
| Total |
|
|
1,914,014 |
|
|
|
1,861,445 |
|
| Less: Accumulated Depreciation - Net |
|
|
(585,074 |
) |
|
|
(469,336 |
) |
| |
|
$ |
1,328,940 |
|
|
$ |
1,392,109 |
|
|