Property and Equipment, Net

12 Months Ended

Jun. 30, 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:

	June 30,			June 30,
	2021			2020
Buildings	$			$	190,518
Motor vehicles*		332,124			516,999
Computer equipment*		86,831			97,172
Office equipment*		34,747			43,587
Furniture and fixtures*		205,303			71,697
System software*		115,722			107,911
Leasehold improvements		860,626			786,745
Total		1,635,353			1,814,629
Less: Accumulated depreciation and amortization		(878,096	)		(1,291,339	)
Property and equipment, net	$	757,257		$	523,290

Depreciation and amortization expenses for the years ended June 30, 2021 and 2020 were $406,553 and $320,737, respectively.

* For the year ended June 30, 2021 and 2020, impairment of $855,230 and $127,177 was recorded due to continued decrease in revenues from the inland transportation management and container trucking segments and mining equipment which were not in use since June 2021 due to recent regulation change. In addition, the Company disposed of one vehicle resulting in a loss from disposal of $6,312.