Property and Equipment, Net

9 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

Note 8. PROPERTY AND EQUIPMENT, NET

The Company's net property and equipment as follows:

	March 31,			June 30,
	2020			2019
Buildings	$	190,121		$	196,050
Motor vehicles*		515,870			700,724
Computer equipment*		96,677			162,865
Office equipment*		43,496			69,278
Furniture and fixtures*		71,548			167,143
System software*		107,686			116,339
Leasehold improvements		785,103			807,078
Total		1,810,501			2,219,477
Less: Accumulated depreciation and amortization		(1,221,987	)		(1,229,567	)
Property and equipment, net	$	588,514		$	989,910

Depreciation and amortization expenses for the three months ended March 31, 2020 and 2019 were $67,320 and $28,200, respectively. Depreciation and amortization expenses for the nine months ended March 31, 2020 and 2019 were $254,549 and $47,813, respectively.

* For the three and nine months ended March 31, 2020, an impairment of nil and $127,177 were recorded, respectively due to continued decrease in revenues from the inland transportation management segment, no impairment was recorded for same period 2019.