Property and Equipment

12 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

7. Property and Equipment

The Company’s property and equipment at June 30, 2024 and 2023 consisted of the following:

	Estimated Useful Life	June 30, 2024			June 30, 2023
Motor Vehicle	5 years	$	51,741		$	51,741
Property and equipment, gross			51,741			51,741
Less accumulated depreciation			(24,608	)		(12,998	)
Property and equipment, net		$	27,133		$	38,743

For the years ended June 30, 2024 and 2023, the Company recorded $10,385 and $12,268, respectively, of depreciation expense.

FITELL CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS