XML 45 R34.htm IDEA: XBRL DOCUMENT v3.22.4
PROPERTY AND EQUIPMENT (Tables)
6 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
SCHEDULE OF PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

 

  As of   As of 
  December 31, 2022   June 30, 2022 
        
Office Furniture and Equipment  $2,905,429   $3,021,586 
Computer Equipment   11,712,255    11,388,856 
Assets Under Capital Leases   59,033    305,081 
Building   4,387,210    4,818,650 
Land   1,122,819    1,237,965 
Autos   2,500,251    2,503,990 
Improvements   228,291    175,560 
Subtotal   22,915,288    23,451,688 
Accumulated Depreciation   (14,195,631)   (14,069,064)
Property and Equipment, Net  $8,719,657   $9,382,624 
SUMMARY OF FIXED ASSETS HELD UNDER CAPITAL LEASES

Following is a summary of fixed assets held under finance leases as of December 31, 2022 and June 30, 2022:

 

   As of   As of 
   December 31, 2022   June 30, 2022 
Vehicles  $59,033   $305,081 
Total   59,033    305,081 
Less: Accumulated Depreciation - Net   (16,117)   (145,658)
Fixed assets held under finance leases, Total  $42,916   $159,423 
SCHEDULE OF FINANCE LEASE TERM

Finance lease term and discount rate were as follows:

 

   As of   As of 
   December 31, 2022   June 30, 2022 
         
Weighted average remaining lease term - Finance leases   1.66 Years    2.39 Years 
           
Weighted average discount rate - Finance leases   16.5%   12.5%