Property and Equipment, Net

3 Months Ended

Sep. 30, 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:

	September 30,			June 30,
	2024			2024
Motor vehicles	$	383,213		$	383,213
Computer equipment		55,887			82,421
Office equipment		60,035			59,015
Furniture and fixtures		53,703			96,013
System software		106,496			102,843
Leasehold improvements		60,731			58,648
Mining equipment		-			922,439
Total		720,065			1,704,592
Less: Impairment reserve		(110,964	)		(997,209	)
Less: Accumulated depreciation and amortization		(443,187	)		(523,744	)
Property and equipment, net	$	165,914		$	183,639

Depreciation and amortization expenses for the three months ended September 30, 2024 and 2023 were $17,919 and $38,127, respectively. No impairment loss was recorded for the three months ended September 30, 2024 and 2023.

A batch of fixed assets were disposed of in this period, the original value of this batch of fixed assets is $993,525，the amount of accumulated depreciation is $107,280. This batch of fixed assets has been fully impaired in previous periods, therefore, the impairment reserve of $886,245 was written off.