| Schedule of Property and Equipment |
Property and equipment consisted of the following:
| |
|
As of |
|
|
As of |
|
| |
|
March 31, 2018 |
|
|
June 30, 2017 |
|
| |
|
|
|
|
|
|
| Office Furniture and Equipment |
|
$ |
3,844,617 |
|
|
$ |
3,755,710 |
|
| Computer Equipment |
|
|
25,142,979 |
|
|
|
26,693,730 |
|
| Assets Under Capital Leases |
|
|
1,571,110 |
|
|
|
1,965,650 |
|
| Building |
|
|
8,421,016 |
|
|
|
9,243,866 |
|
| Land |
|
|
2,199,399 |
|
|
|
2,428,626 |
|
| Autos |
|
|
1,312,148 |
|
|
|
1,270,339 |
|
| Improvements |
|
|
525,118 |
|
|
|
592,652 |
|
| Subtotal |
|
|
43,016,387 |
|
|
|
45,950,573 |
|
| Accumulated Depreciation |
|
|
(25,490,160 |
) |
|
|
(25,579,870 |
) |
| Property and Equipment, Net |
|
$ |
17,526,227 |
|
|
$ |
20,370,703 |
|
|
| Summary of Fixed Assets Held Under Capital Leases |
Following is a summary of fixed assets held under capital
leases as of March 31, 2018 and June 30, 2017:
| |
|
As of |
|
|
As of |
|
| |
|
March 31, 2018 |
|
|
June 30, 2017 |
|
| Computers and Other Equipment |
|
$ |
249,262 |
|
|
$ |
309,863 |
|
| Furniture and Fixtures |
|
|
65,084 |
|
|
|
227,914 |
|
| Vehicles |
|
|
1,256,764 |
|
|
|
1,427,873 |
|
| Total |
|
|
1,571,110 |
|
|
|
1,965,650 |
|
| Less: Accumulated Depreciation - Net |
|
|
(568,816 |
) |
|
|
(711,622 |
) |
| |
|
$ |
1,002,294 |
|
|
$ |
1,254,028 |
|
|