Property and Equipment, Net

12 Months Ended

Jun. 30, 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:

	June 30,			June 30,
	2020			2019
Buildings	$	190,518		$	196,050
Motor vehicles*		516,999			700,724
Computer equipment*		97,172			162,865
Office equipment*		43,587			69,278
Furniture and fixtures*		71,697			167,143
System software*		107,911			116,339
Leasehold improvements		786,745			807,078
Total		1,814,629			2,219,477
Less: Accumulated depreciation and amortization		(1,291,339	)		(1,229,567	)
Property and equipment, net	$	523,290		$	989,910

Depreciation and amortization expenses for the years ended June 30, 2020 and 2019 were $320,737 and $67,587, respectively.

* For the year ended June 30, 2020, an impairment of $127,177 was recorded due to continued decrease in revenues from the inland transportation management segment, no impairment was recorded for same period 2019.