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Property and Equipment
12 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

 

6. Property and Equipment

 

The table below presents the property, plant and equipment as of June 30:

 

   2025   2024 
Land  $11,225,956   $8,860,916 
Building   16,653,019    24,867,784 
Equipment and vehicles   24,363,000    14,313,970 
Total property, plant and equipment   52,241,975  

48,042,670 
Less: accumulated depreciation   (6,772,122)   (1,727,704)
Property and equipment, net  $45,469,853   $46,314,966 

 

The Company recognized depreciation expense of $5.0 million and $1.7 million during the fiscal years ended June 30, 2025 and 2024, respectively.