Intangible Assets and Digital Assets (Tables)

9 Months Ended

Mar. 31, 2024

Intangible Assets and Digital Assets [Abstract]

Schedule of Intangible Assets

Intangible assets consisted of the following:

	March 31,		June 30,
	2024		2023
Land use rights, net	$	7,791,501	$	7,862,624
Trademarks		5,771,342		5,701,011
Total	$	13,562,843	$	13,563,635

The Land Use Rights consisted of the following:

	March 31,			June 30,
	2024			2023
Land use rights	$	11,225,564			11,088,765
Less: accumulated amortization		(3,434,063	)		(3,226,141	)
Total land use rights, net	$	7,791,501			7,862,624

The preliminary fair value of the acquired trademarks was estimated to be RMB41,371,630 (or $5,771,342) and is subject to an annual impairment test.

	March 31,			June 30,
	2024			2023
Trademarks	$	5,823,560		$	5,752,592
Less: accumulated amortization		(52,218	)		(51,581	)
Total trademarks, net	$	5,771,342		$	5,701,011

Schedule of Estimated Amortization Expenses of Intangible Assets

Estimated amortization expenses of intangible assets for the next five twelve months periods ended March 31, are as follows:

Twelve Months Ended on March 31,	Expense ($)
2025		261,831
2026		246,724
2027		224,163
2028		224,163
2029		224,163