Property and Equipment, Net

3 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

Note 8. PROPERTY AND EQUIPMENT, NET

The Company's net property and equipment as follows:

	September 30,			June 30,
	2019			2019
Buildings	$	188,285		$	196,050
Motor vehicles*		510,656			700,724
Computer equipment*		96,008			162,865
Office equipment*		43,076			69,278
Furniture and fixtures*		70,857			167,143
System software*		106,646			116,339
Leasehold improvements		775,106			807,078
Total		1,790,634			2,219,477
Less: Accumulated depreciation and amortization		(1,078,996	)		(1,229,567	)
Property and equipment, net	$	711,638		$	989,910

Depreciation and amortization expenses for the three months ended September 30, 2019 and 2018 were $120,520 and $9,882, respectively.

*For the three months ended September 30, 2019 and 2018, an impairment of $127,177 and nil were recorded, respectively due to continued decrease in revenues from the inland transportation management segment.