Property and Equipment

6 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 - PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

	December 31, 2019			June 30, 2019
Buildings	$	11,693,729		$	11,994,407
Building improvements		-			79,628
Machinery and equipment		873,174			930,109
Motor vehicles		47,320			81,541
Construction in progress		-			78,407
Office equipment		235,834			219,605
Farmland leasehold improvements		3,017,935			3,062,410
		15,867,992			16,446,107
Less: accumulated depreciation and amortization		(5,918,767	)		(5,778,377	)
Property and equipment, net	$	9,949,225		$	10,667,730

Depreciation and amortization expense charged to operations was US$ 419,958 and US$ 307,772 for the six months ended December 31, 2019 and 2018, respectively. Depreciation and amortization expense charged to operations was US$ 241,743 and US$ 120,920 for the three months ended December 31, 2019 and 2018, respectively.  

Farmland leasehold improvements consist of following:

	December 31, 2019		June 30, 2019
Blueberry farmland leasehold improvements	$	2,318,512	$	2,352,679
Yew tree planting base reconstruction		259,759		263,587
Greenhouse renovation		439,664		446,144
Total farmland leasehold improvements	$	3,017,935	$	3,062,410