Property and Equipment

12 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 9 - PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

	As of			As of
	June 30, 2020			June 30, 2019
Office Furniture and Equipment	$	3,143,833		$	3,125,382
Computer Equipment		19,256,543			18,905,603
Assets Under Capital Leases		1,443,423			1,720,490
Building		5,848,813			6,021,939
Land		1,512,905			1,559,111
Capital Work In Progress		27,648			-
Autos		1,348,405			1,024,754
Improvements		36,929			111,165
Subtotal		32,618,499			32,468,444
Accumulated Depreciation		(21,288,868	)		(20,371,589	)
Property and Equipment, Net	$	11,329,631		$	12,096,855

For the years ended June 30, 2020 and 2019, depreciation expense totaled $1,903,640 and $2,285,225, respectively. Of these amounts, $1,069,057 and $1,387,425, respectively, are reflected in cost of revenues.

Following is a summary of fixed assets held under capital leases as of June 30, 2020 and 2019:

	As of			As of
	June 30, 2020			June 30, 2019
Computers and Other Equipment	$	328,621		$	324,466
Furniture and Fixtures		51,119			65,084
Vehicles		1,063,683			1,330,940
Total		1,443,423			1,720,490
Less: Accumulated Depreciation - Net		(667,096	)		(538,564	)
	$	776,327		$	1,181,926