Property and Equipment, Net

12 Months Ended

Jun. 30, 2025

Property and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

8. PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consisted of the following:

	As of June 30,
	2025			2024
Vehicles	$	1,300,056		$	1,787,852
Machinery and equipment		526,549			476,924
Office and electronic equipment		119,005			115,029
Leasehold improvement		64,428			63,510
Software		11,525			11,361
Construction in progress		-			3,553
Subtotal		2,021,563			2,458,229
Less: accumulated depreciation of property and equipment		(1,204,471	)		(1,167,822	)
Less: impairment charges of property and equipment		(103,690	)		(199,670	)
Total property and equipment, net	$	713,402		$	1,090,737

Construction in progress as of June 30, 2024 mainly represents the projects relate to modification of vehicles for exhibition and promotion purposes.

Depreciation expense was US$301,159, US$542,398 and US$446,335 for the years ended June 30, 2025, 2024 and 2023, respectively.

Impairment charge was US$46,185, US$200,841 and nil for the years ended June 30, 2025, 2024 and 2023, respectively.