XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.22.2.2

PROPERTY AND EQUIPMENT | 3 Months Ended
--- | ---
Sep. 30, 2022
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | NOTE 10 - PROPERTY AND EQUIPMENT Property and equipment consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT
|  | As of |  |  | As of |
|  | September 30, 2022 |  |  | June 30, 2022 |
Office Furniture and Equipment |  | $ | 2,792,403 |  |  | $ | 3,021,586 |
Computer Equipment |  |  | 11,147,529 |  |  |  | 11,388,856 |
Assets Under Capital Leases |  |  | 58,616 |  |  |  | 305,081 |
Building |  |  | 4,357,506 |  |  |  | 4,818,650 |
Land |  |  | 1,114,891 |  |  |  | 1,237,965 |
Autos |  |  | 2,411,407 |  |  |  | 2,503,990 |
Improvements |  |  | 215,538 |  |  |  | 175,560 |
Subtotal |  |  | 22,097,890 |  |  |  | 23,451,688 |
Accumulated Depreciation |  |  | (13,247,239 | ) |  |  | (14,069,064 | )
Property and Equipment, Net |  | $ | 8,850,651 |  |  | $ | 9,382,624 |
For the three months ended September 30, 2022 and 2021, depreciation expense totaled $522,183 and $539,722, respectively. Of these amounts, $331,229 and $325,451, respectively, are reflected in cost of revenues. Following is a summary of fixed assets held under finance leases as of September 30, 2022 and June 30, 2022: SUMMARY OF FIXED ASSETS HELD UNDER CAPITAL LEASES
|  | As of |  |  | As of |
|  | September 30, 2022 |  |  | June 30, 2022 |
Vehicles |  | $ | 58,616 |  |  | $ | 305,081 |
Total |  |  | 58,616 |  |  |  | 305,081 |
Less: Accumulated Depreciation - Net |  |  | (13,073 | ) |  |  | (145,658 | )
Fixed assets held under finance leases, Total |  | $ | 45,543 |  |  | $ | 159,423 |
Finance lease term and discount rate were as follows: SCHEDULE OF FINANCE LEASE TERM
|  | As of |  |  | As of |
|  | September 30, 2022 |  |  | June 30, 2022 |
Weighted average remaining lease term - Finance leases |  |  | 2.55 Years |  |  |  | 2.39 Years |
Weighted average discount rate - Finance leases |  |  | 16.0 | % |  |  | 12.5 | %

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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://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 https://asc.fasb.org/extlink&oid=126982197&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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration