Property and Equipment, Net

9 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

Note 9. PROPERTY AND EQUIPMENT, NET

The Company’s net property and equipment as follows:

	March 31,			June 30,
	2021			2020
Buildings	$	205,413		$	190,518
Motor vehicles*		559,300			516,999
Computer equipment*		113,456			97,172
Office equipment*		46,994			43,587
Furniture and fixtures*		84,283			71,697
System software*		116,347			107,911
Leasehold improvements		848,253			786,745
Mining equipment		922,438			-
Total		2,896,484			1,814,629
Less: Accumulated depreciation and amortization		(1,627,546	)		(1,291,339	)
Property and equipment, net	$	1,268,938		$	523,290

Depreciation and amortization expenses for the three months ended March 31, 2021 and 2020 were $14,690 and $67,320, respectively. Depreciation and amortization expenses for the nine months ended March 31, 2021 and 2020 were $231,787 and $254,549, respectively.

* For the three and nine months ended March 31, 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 2020.