Property and Equipment, Net

12 Months Ended

Jun. 30, 2023

Property and Equipment, Net [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,
	2023			2022
Motor vehicles		542,904			715,571
Computer equipment		113,097			117,397
Office equipment		67,699			67,139
Furniture and fixtures		533,634			390,093
System software		103,038			111,562
Leasehold improvements		766,294			829,687
Mining equipment		922,438			922,438
Total		3,049,104			3,153,887
Less: Impairment reserve		(1,233,521	)		(1,236,282	)
Less: Accumulated depreciation and amortization		(1,389,240	)		(1,368,649	)
Property and equipment, net	$	426,343		$	548,956

Depreciation and amortization expenses for the years ended June 30, 2023 and 2022 were $164,348 and $533,638, respectively. Impairment loss amounted to $33,470 and $410,552 for the years ended June 30, 2023 and 2022, respectively.