Intangible Assets, Net

12 Months Ended

Jun. 30, 2019

Intangible Assets, Net [Abstract]

INTANGIBLE ASSETS, NET

Note 8. INTANGIBLE ASSETS, NET

Net intangible assets consisted of the following at:

	June 30,			June 30,
	2019			2018
Full service logistics platforms	$	190,000		$	190,000
Less: Accumulated amortization		(100,278	)		(36,944	)
Intangible asset, net	$	89,722		$	153,056

As part of the above-mentioned intelligent logistics platform (see Note 5), four information applications were completed by Tianjin Anboweiye in November 2017 and placed into service, including route planning and route execution for customers in China. The platforms are being amortized over three years. Amortization expense amounted to $63,333 and $36,944 for the years ended June 30, 2019 and 2018, respectively.