PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following as of June 30, 2024 and 2023:

	2024			2023
Factory building	$	3,174,635		$	1,491,279
Factory equipment		1,363,279			1,319,673
Computer and Software		3,457			-
Office equipment		10,903			15,042
Leasehold improvement		215,787			147,706
Motor vehicle		16,875			17,204
Total cost		4,784,936			2,990,904
Accumulated depreciation		(771,730	)		(462,780	)
Net book value	$	4,013,206		$	2,528,124

In January 2024, the Company acquired a factory building (“Factory No. 5”) from an unrelated third-party that it had formerly leased, for MYR 8,075,275.40 (approximately US$1,696,467), and funded by a bank loan payable (see Note 7).

Depreciation and amortization expense was $319,369 and $260,173 for the fiscal years ended June 30, 2024 and 2023, respectively.