Property and Equipment, Net

9 Months Ended

Mar. 31, 2024

Property and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

Note 9. PROPERTY AND EQUIPMENT, NET 

The Company’s net property and equipment as follows:

	March 31			June 30,
	2024			2023
Motor vehicles	$	542,904		$	542,904
Computer equipment		82,565			113,097
Office equipment		62,800			67,699
Furniture and fixtures		533,767			533,634
System software		103,514			103,038
Leasehold improvements		59,030			766,294
Mining equipment		922,438			922,438
Total		2,307,018			3,049,104
Less: Impairment reserve		(1,223,981	)		(1,233,521	)
Less: Accumulated depreciation and amortization		(771,201	)		(1,389,240	)
Property and equipment, net	$	311,836		$	426,343

Depreciation and amortization expenses for the three months ended March 31, 2024 and 2023 were $37,921 and $42,569, respectively. Depreciation and amortization expenses for the nine months ended March 31, 2024 and 2023 were $113,972 and $122,699, respectively. No impairment loss was recorded for the three and nine months ended March 31, 2024 and 2023.