XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.21.2

Property and Equipment | 12 Months Ended
--- | ---
Jun. 30, 2021
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, 2021 |  |  | June 30, 2020 |
Office Furniture and Equipment |  | $ | 3,440,501 |  |  | $ | 3,143,833 |
Computer Equipment |  |  | 18,681,991 |  |  |  | 19,256,543 |
Assets Under Capital Leases |  |  | 1,136,128 |  |  |  | 1,443,423 |
Building |  |  | 6,205,210 |  |  |  | 5,848,813 |
Land |  |  | 1,608,024 |  |  |  | 1,512,905 |
Capital Work In Progress |  |  | - |  |  |  | 27,648 |
Autos |  |  | 1,770,147 |  |  |  | 1,348,405 |
Improvements |  |  | 35,592 |  |  |  | 36,929 |
Subtotal |  |  | 32,877,593 |  |  |  | 32,618,499 |
Accumulated Depreciation |  |  | (20,785,781 | ) |  |  | (21,288,868 | )
Property and Equipment, Net |  | $ | 12,091,812 |  |  | $ | 11,329,631 |
For the years ended June 30, 2021 and 2020, depreciation expense totaled $2,148,578 and $1,903,640, respectively. Of these amounts, $1,182,953 and $1,069,057, respectively, are reflected in cost of revenues. Following is a summary of fixed assets held under capital leases as of June 30, 2021 and 2020:
|  | As of |  |  | As of |
|  | June 30, 2021 |  |  | June 30, 2020 |
Computers and Other Equipment |  | $ | 169,487 |  |  | $ | 328,621 |
Furniture and Fixtures |  |  | 57,509 |  |  |  | 51,119 |
Vehicles |  |  | 909,132 |  |  |  | 1,063,683 |
Total |  |  | 1,136,128 |  |  |  | 1,443,423 |
Less: Accumulated Depreciation - Net |  |  | (627,119 | ) |  |  | (667,096 | )
|  | $ | 509,009 |  |  | $ | 776,327 |
Finance lease term and discount rate were as follows:
|  | As of |  |  | As of |
|  | June 30, 2021 |  |  | June 30, 2020 |
Weighted average remaining lease term - Finance leases |  |  | 0.55 Years |  |  |  | 1.38 Years |
Weighted average discount rate - Finance leases |  |  | 5.6 | % |  |  | 11.7 | %

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration