| Schedule of Property and Equipment |
Property and equipment consisted of the following:
| |
|
As of December 31, |
|
|
As of June 30, |
|
| |
|
2017 |
|
|
2017 |
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
3,908,883 |
|
|
$ |
3,755,710 |
|
| Computer Equipment |
|
|
25,788,684 |
|
|
|
26,693,730 |
|
| Assets Under Capital Leases |
|
|
1,522,708 |
|
|
|
1,965,650 |
|
| Building |
|
|
8,794,381 |
|
|
|
9,243,866 |
|
| Land |
|
|
2,299,047 |
|
|
|
2,428,626 |
|
| Autos |
|
|
1,287,043 |
|
|
|
1,270,339 |
|
| Improvements |
|
|
534,900 |
|
|
|
592,652 |
|
| Subtotal |
|
|
44,135,646 |
|
|
|
45,950,573 |
|
| Accumulated Depreciation |
|
|
(25,692,152 |
) |
|
|
(25,579,870 |
) |
| Property and Equipment, Net |
|
$ |
18,443,494 |
|
|
$ |
20,370,703 |
|
|
| Summary of Fixed Assets Held Under Capital Leases |
Following is a summary of fixed assets held under capital
leases as of December 31, 2017 and June 30, 2017:
| |
|
As of December 31, |
|
|
As of June 30, |
|
| |
|
2017 |
|
|
2017 |
|
| Computers and Other Equipment |
|
$ |
236,518 |
|
|
$ |
309,863 |
|
| Furniture and Fixtures |
|
|
65,084 |
|
|
|
227,914 |
|
| Vehicles |
|
|
1,221,106 |
|
|
|
1,427,873 |
|
| Total |
|
|
1,522,708 |
|
|
|
1,965,650 |
|
| Less: Accumulated Depreciation - Net |
|
|
(568,087 |
) |
|
|
(711,622 |
) |
| |
|
$ |
954,621 |
|
|
$ |
1,254,028 |
|
|