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Property and Equipment | 3 Months Ended
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Sep. 30, 2020
Property, Plant and Equipment [Abstract] |
Property and Equipment | NOTE 10 - PROPERTY AND EQUIPMENT Property and equipment consisted of the following:
|  | As of |  |  | As of |
|  | September 30, 2020 |  |  | June 30, 2020 |
Office Furniture and Equipment |  | $ | 3,215,079 |  |  | $ | 3,143,833 |
Computer Equipment |  |  | 19,813,029 |  |  |  | 19,256,543 |
Assets Under Capital Leases |  |  | 1,464,654 |  |  |  | 1,443,423 |
Building |  |  | 5,929,559 |  |  |  | 5,848,813 |
Land |  |  | 1,534,455 |  |  |  | 1,512,905 |
Capital Work In Progress |  |  | 28,042 |  |  |  | 27,648 |
Autos |  |  | 1,234,049 |  |  |  | 1,348,405 |
Improvements |  |  | 36,053 |  |  |  | 36,929 |
Subtotal |  |  | 33,254,920 |  |  |  | 32,618,499 |
Accumulated Depreciation |  |  | (21,998,614 | ) |  |  | (21,288,868 | )
Property and Equipment, Net |  | $ | 11,256,306 |  |  | $ | 11,329,631 |
For the three months ended September 30, 2020 and 2019, depreciation expense totaled $496,267 and $465,451, respectively. Of these amounts, $274,477 and $263,064, respectively, are reflected in cost of revenues. Following is a summary of fixed assets held under finance leases as of September 30, 2020 and June 30, 2020:
|  | As of |  |  | As of |
|  | September 30, 2020 |  |  | June 30, 2020 |
Computers and Other Equipment |  | $ | 340,351 |  |  | $ | 328,621 |
Furniture and Fixtures |  |  | 53,086 |  |  |  | 51,119 |
Vehicles |  |  | 1,071,217 |  |  |  | 1,063,683 |
Total |  |  | 1,464,654 |  |  |  | 1,443,423 |
Less:Accumulated Depreciation - Net |  |  | (727,380 | ) |  |  | (667,096 | )
|  | $ | 737,274 |  |  | $ | 776,327 |
Finance lease term and discount rate were as follows:
|  | As of |
|  | September 30, 2020 |
Weighted average remaining lease term - Finance leases |  |  | 1.22 Years |
Weighted average discount rate - Finance leases |  |  | 7.7 | %

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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