Property and Equipment, Net

9 Months Ended

Mar. 31, 2025

Property and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

Note 9. PROPERTY AND EQUIPMENT, NET

The Company’s property and equipment, net, was as follows:

	March 31,		June 30,
	2025		2024
Motor vehicles	$	-	$	383,213
Computer equipment		-		82,421
Office equipment		-		59,015
Furniture and fixtures		-		96,013
System software		-		102,843
Leasehold improvements		-		58,648
Mining equipment		-		922,439
Total		-		1,704,592
Less: Impairment reserve		-		(997,209	)
Less: Accumulated depreciation and amortization		-		(523,744	)
Property and equipment, net	$	-	$	183,639

Movement of impairment for property and equipment is as follows:

	March 31,			June 30,
	2025			2024
Beginning balance	$	997,209		$	1,233,521
Disposal		(997,209	)		(236,312	)
Ending balance	$	-		$	997,209

Depreciation and amortization expenses for the three months ended March 31, 2025 and 2024 were $12,448 and $37,921, respectively. Depreciation and amortization expenses for the nine months ended March 31, 2025 and 2024 were $48,871 and $113,972, respectively. No impairment loss was recorded for the three and nine months ended March 31, 2025 and 2024.

As of March 31, 2025, all fixed assets were disposed of by the Company, due to being inoperable after long time usage. This resulted in $133,769 loss on disposal of fixed assets.