Property and Equipment

9 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 11 - PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

	As of			As of
	March 31, 2019			June 30, 2018
Office Furniture and Equipment	$	3,407,947		$	3,496,653
Computer Equipment		21,354,509			23,708,034
Assets Under Capital Leases		2,091,538			1,479,976
Building		6,958,502			8,005,351
Land		1,809,070			2,088,463
Autos		1,153,028			1,053,749
Improvements		126,654			324,023
Subtotal		36,901,248			40,156,249
Accumulated Depreciation		(22,526,986	)		(23,990,758	)
Property and Equipment, Net	$	14,374,262		$	16,165,491

For the three and nine months ended March 31, 2019, depreciation expense totaled $606,641 and $1,704,606, respectively. Of these amounts, $354,199 and $1,046,153, respectively, are reflected in cost of revenues. For the three and nine months ended March 31, 2018, depreciation expense totaled $705,429 and $2,141,756, respectively. Of these amounts, $474,121 and $1,441,790, respectively, are reflected in cost of revenues.

Following is a summary of fixed assets held under capital leases as of March 31, 2019 and June 30, 2018:

	As of			As of
	March 31, 2019			June 30, 2018
Computers and Other Equipment	$	339,781		$	228,581
Furniture and Fixtures		65,084			65,084
Vehicles		1,686,673			1,186,311
Total		2,091,538			1,479,976
Less: Accumulated Depreciation - Net		(586,514	)		(477,620	)
	$	1,505,024		$	1,002,356