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Property and Equipment | 9 Months Ended
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Mar. 31, 2021
Property, Plant and Equipment [Abstract] |
Property and Equipment | NOTE 10 - PROPERTY AND EQUIPMENT Property and equipment consisted of the following:
|  | As of |  |  | As of |
|  | March 31, 2021 |  |  | June 30, 2020 |
Office Furniture and Equipment |  | $ | 3,488,507 |  |  | $ | 3,143,833 |
Computer Equipment |  |  | 20,250,373 |  |  |  | 19,256,543 |
Assets Under Capital Leases |  |  | 1,544,826 |  |  |  | 1,443,423 |
Building |  |  | 6,401,979 |  |  |  | 5,848,813 |
Land |  |  | 1,660,539 |  |  |  | 1,512,905 |
Capital Work In Progress |  |  | 31,489 |  |  |  | 27,648 |
Autos |  |  | 1,944,062 |  |  |  | 1,348,405 |
Improvements |  |  | 36,456 |  |  |  | 36,929 |
Subtotal |  |  | 35,358,231 |  |  |  | 32,618,499 |
Accumulated Depreciation |  |  | (22,455,889 | ) |  |  | (21,288,868 | )
Property and Equipment, Net |  | $ | 12,902,342 |  |  | $ | 11,329,631 |
For the three and nine months ended March 31, 2021, depreciation expense totaled $575,855 and $1,557,578, respectively. Of these amounts, $303,780 and $842,141, respectively, are reflected in cost of revenues. For the three and nine months ended March 31, 2020, depreciation expense totaled $479,350 and $1,429,463, respectively. Of these amounts, $273,315 and $805,562, respectively, are reflected in cost of revenues. Following is a summary of fixed assets held under finance leases as of March 31, 2021 and June 30, 2020:
|  | As of |  |  | As of |
|  | March 31, 2021 |  |  | June 30, 2020 |
Computers and Other Equipment |  | $ | 364,183 |  |  | $ | 328,621 |
Furniture and Fixtures |  |  | 56,722 |  |  |  | 51,119 |
Vehicles |  |  | 1,123,921 |  |  |  | 1,063,683 |
Total |  |  | 1,544,826 |  |  |  | 1,443,423 |
Less: Accumulated Depreciation - Net |  |  | (803,250 | ) |  |  | (667,096 | )
|  | $ | 741,576 |  |  | $ | 776,327 |
Finance lease term and discount rate were as follows:
|  | As of |
|  | March 31, 2021 |
Weighted average remaining lease term - Finance leases |  |  | 0.79 Years |
Weighted average discount rate - Finance leases |  |  | 5.9 | %

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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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