Property and Equipment

12 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 10 - PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

	As of			As of
	June 30, 2019			June 30, 2018
Office Furniture and Equipment	$	3,125,382		$	3,496,653
Computer Equipment		18,905,603			23,708,034
Assets Under Capital Leases		1,720,490			1,479,976
Building		6,021,939			8,005,351
Land		1,559,111			2,088,463
Autos		1,024,754			1,053,749
Improvements		111,165			324,023
Subtotal		32,468,444			40,156,249
Accumulated Depreciation		(20,371,589	)		(23,990,758	)
Property and Equipment, Net	$	12,096,855		$	16,165,491

For the years ended June 30, 2019 and 2018, depreciation expense totaled $2,285,225 and $2,927,573, respectively. Of these amounts, $1,387,425 and $1,964,836, respectively, are reflected in cost of revenues.

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

	As of			As of
	June 30, 2019			June 30, 2018
Computers and Other Equipment	$	324,466		$	228,581
Furniture and Fixtures		65,084			65,084
Vehicles		1,330,940			1,186,311
Total		1,720,490			1,479,976
Less: Accumulated Depreciation - Net		(538,564	)		(477,620	)
	$	1,181,926		$	1,002,356