Property and Equipment, Net

3 Months Ended

Sep. 30, 2022

Property and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

Note 9. PROPERTY AND EQUIPMENT, NET

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

	September 30,			June 30,
	2022			2022
Motor vehicles		715,571			715,571
Computer equipment		116,729			117,397
Office equipment		68,271			67,139
Furniture and fixtures		534,596			390,093
System software		105,032			111,562
Leasehold improvements		781,129			829,687
Mining equipment		922,438			922,438
Total		3,243,766			3,153,887
Less: Impairment reserve		(1,236,282	)		(1,236,282	)
Less: Accumulated depreciation and amortization		(1,386,858	)		(1,368,649	)
Property and equipment, net	$	620,626		$	548,956

Depreciation and amortization expenses for the three months ended September 30, 2022 and 2021 were $78,945 and $140,710, respectively. No impairment loss was recorded for the three months ended September 30, 2022 and 2021.