Property and Equipment, Net

12 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

Note 10. PROPERTY AND EQUIPMENT, NET

The Company’s net property and equipment are as follows:

	June 30,			June 30,
	2022			2021
Motor vehicles		715,571			332,124
Computer equipment		117,397			86,831
Office equipment		67,139			34,747
Furniture and fixtures		390,093			205,303
System software		111,562			115,722
Leasehold improvements		829,687			860,626
Mining equipment		922,438			922,438
Total		3,153,887			2,557,791
Less: Impairment reserve		(1,236,282	)		(825,731	)
Less: Accumulated depreciation and amortization		(1,368,649	)		(974,803	)
Property and equipment, net	$	548,956		$	757,257

Depreciation and amortization expenses for the years ended June 30, 2022 and 2021 were $533,638 and $432,941, respectively. Impairment loss amounted to $410,552 and $825,731 for the years ended June 30, 2022 and 2021, respectively.