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PROPERTY AND EQUIPMENT (Tables)
3 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
SCHEDULE OF PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

 

   As of   As of 
  

September 30,

2021

  

June 30,

2021

 
         
Office Furniture and Equipment  $3,234,460   $3,440,501 
Computer Equipment   15,266,280    18,681,991 
Assets Under Capital Leases   1,019,445    1,136,128 
Building   5,751,992    6,205,210 
Land   1,487,065    1,608,024 
Autos   1,644,324    1,770,147 
Improvements   84,836    35,592 
Subtotal   28,488,402    32,877,593 
Accumulated Depreciation   (17,666,533)   (20,785,781)
Property and Equipment, Net  $10,821,869   $12,091,812 
SUMMARY OF FIXED ASSETS HELD UNDER FINANCE LEASES

Following is a summary of fixed assets held under finance leases as of September 30, 2021 and June 30, 2021:

 

   As of   As of 
  

September 30,

2021

  

June 30,

2021

 
Computers and Other Equipment  $126,088   $169,487 
Furniture and Fixtures   55,955    57,509 
Vehicles   837,402    909,132 
Total   1,019,445    1,136,128 
Less: Accumulated Depreciation - Net   (581,143)   (627,119)
   $438,302   $509,009 
SCHEDULE OF FINANCE LEASE TERM

Finance lease term and discount rate were as follows:

 

   As of   As of 
  

September 30,

2021

  

June 30,

2021

 
         
Weighted average remaining lease term - Finance leases   1.75 Years    0.55 Years 
           
Weighted average discount rate - Finance leases   6.1%   5.6%