Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.8.0.1
Property and Equipment (Tables)
3 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consisted of the following:

 

    As of September 30,     As of June 30,  
    2017     2017  
             
Office Furniture and Equipment   $ 3,882,351     $ 3,755,710  
Computer Equipment     26,647,891       26,693,730  
Assets Under Capital Leases     1,577,465       1,965,650  
Building     9,164,885       9,243,866  
Land     2,397,930       2,428,626  
Autos     1,483,206       1,270,339  
Improvements     587,033       592,652  
Subtotal     45,740,761       45,950,573  
Accumulated Depreciation     (26,094,169 )     (25,579,870 )
Property and Equipment, Net   $ 19,646,592     $ 20,370,703  

Summary of Fixed Assets Held Under Capital Leases

Following is a summary of fixed assets held under capital leases as of September 30, 2017 and June 30, 2017:

  

    As of September 30,     As of June 30,  
    2017     2017  
Computers and Other Equipment   $ 232,497     $ 309,863  
Furniture and Fixtures     145,258       227,914  
Vehicles     1,199,710       1,427,873  
Total     1,577,465       1,965,650  
Less:  Accumulated Depreciation - Net     (549,043 )     (711,622 )
    $ 1,028,422     $ 1,254,028