Property and Equipment, Net

6 Months Ended

Dec. 31, 2023

Property and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

Note 9. PROPERTY AND EQUIPMENT, NET  

The Company’s net property and equipment as follows:

	December 31			June 30,
	2023			2023
Motor vehicles	$	542,904		$	542,904
Computer equipment		86,082			113,097
Office equipment		63,301			67,699
Furniture and fixtures		534,270			533,634
System software		105,310			103,038
Leasehold improvements		60,055			766,294
Mining equipment		922,438			922,438
Total		2,314,360			3,049,104
Less: Impairment reserve		(1,223,981	)		(1,233,521	)
Less: Accumulated depreciation and amortization		(739,456	)		(1,389,240	)
Property and equipment, net	$	350,923		$	426,343

Depreciation and amortization expenses for the three months ended December 31, 2023 and 2022 were $37,924 and $76,704, respectively. Depreciation and amortization expenses for the six months ended December 31, 2023 and 2022 were $76,051 and $155,649, respectively. No impairment loss was recorded for the three and six months ended December 31, 2023 and 2022.