Property and Equipment

12 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

3. Property and Equipment

	Building		Equipment		Vehicles		Land			Total
Cost:
Balance, June 30, 2021	$	-	$	99,466	$	61,916	$	5,340,621		$	5,502,003
Additions				118,558		-		1,574,996			1,693,554
Construction in process		10,798,780		1,134,377		-		-			11,933,157
Impairment loss		-		-		-		(186,779	)		(186,779	)
Balance, June 30, 2022	$	10,798,780	$	1,352,401	$	61,916	$	6,728,838		$	18,941,935
Accumulated Depreciation:
Balance, June 30, 2021	$	-	$	4,356	$	13,422	$	-		$	17,778
Additions		-		30,660		16,602		-			47,262
Balance, June 30, 2022	$	-	$	35,016	$	30,024	$	-		$	65,040
Carrying Amounts:
Balance, June 30, 2021	$	-	$	95,110		48,494	$	5,340,621		$	5,484,225
Balance, June 30, 2022	$	10,798,780	$	1,317,385		31,892	$	6,728,838		$	18,876,895

Construction in process consists of both construction in process and equipment deposits for equipment currently in process.

In February 2021, the Company entered into an agreement to purchase land with a fair value of $85,000 located in Tonopah, NV in exchange for an agreed-upon number of common shares though the transaction had not cleared escrow. In September 2021, the Company later issued the shares whereby the stock price had increased. To correct the carrying value, the Company recognized impairment expense of $186,779 for the fiscal year ended June 30, 2022 once title transfer occurred.