PROPERTY AND EQUIPMENT

6 Months Ended

Dec. 31, 2024

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

5.  PROPERTY AND EQUIPMENT

Property and equipment consisted of the following as of:

	December 31, 2024			June 30, 2024
Cryptocurrency mining equipment	$	6,466,333		$	6,569,743
Furniture and equipment		165,277			163,035
Leasehold Improvements		15,177			-
Total		6,646,787			6,732,778
Less accumulated depreciation and amortization		(6,272,029	)		(5,389,325	)
Net	$	374,758		$	1,343,453

Depreciation expense for the three months ended December 31, 2024 and 2023 was $401,752 and $745,720, respectively and $882,704 and $1,479,284 for the six months ended December 31, 2024 and 2023, respectively. Impairment expense on our mining equipment for the three months ended December 31, 2024 and 2023 was $0 and $0, respectively and $103,410 and $0 for the six months ended December 31, 2024 and 2023, respectively.