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Intangible Assets and Digital Assets
3 Months Ended
Sep. 30, 2025
Intangible Assets and Digital Assets [Abstract]  
INTANGIBLE ASSETS AND DIGITAL ASSETS

NOTE 6 – INTANGIBLE ASSETS AND DIGITAL ASSETS

 

Intangible assets

 

Intangible assets consisted of the following:

 

   September 30,   June 30, 
   2025   2025 
Land use rights, net  $7,588,344   $7,598,150 
Trademarks   5,716,723    5,681,312 
Total  $13,305,067   $13,279,462 

 

LAND USE RIGHT

 

On September 25, 2009, Yuxing was granted a land use right for approximately 88 acres (353,000 square meters or 3.8 million square feet) by the People’s Government and Land & Resources Bureau of Hu County, Xi’an, Shaanxi Province. The fair value of the related intangible asset was determined to be the respective cost of RMB73,184,895 (or $10,279,550). The intangible asset is being amortized over the grant period of 50 years using the straight-line method.

 

On August 13, 2003, Tianjuyuan was granted a certificate of Land Use Right for a parcel of land of approximately 11 acres (42,726 square meters or 459,898 square feet) at Ping Gu District, Beijing. The purchase cost was recorded at RMB1,045,950 (or $146,914). The intangible asset is being amortized over the grant period of 50 years.

 

On August 16, 2001, Jinong received a land use right as a contribution from a shareholder, which was granted by the People’s Government and Land& Resources Bureau of Yangling District, Shaanxi Province. The fair value of the related intangible asset at the time of the contribution was determined to be RMB7,285,099 (or $1,023,265). The intangible asset is being amortized over the grant period of 50 years.

The land use rights consisted of the following:

 

   September 30,   June 30, 
   2025   2025 
Land use rights  $11,449,729   $11,378,811 
Less: accumulated amortization   (3,861,385)   (3,780,661)
Total land use rights, net  $7,588,344   $7,598,150 

 

TRADEMARKS

 

On July 2, 2010, the Company acquired Gufeng and its wholly-owned subsidiary Tianjuyuan. The preliminary fair value of the acquired trademarks was estimated to be RMB41,371,630 (or $5,811,059) and is subject to an annual impairment test.

 

AMORTIZATION EXPENSE

 

Estimated amortization expenses of intangible assets for the next twelve months periods ended September 30, are as follows:

 

Twelve Months Ended on September 30,  Expense
($)
 
2026   228,644 
2027   228,644 
2028   228,644 
2029   228,644 
2030   228,644 

 

Digital assets

 

On March 13, 2023, the Company established Antaeus Tech Inc. in the State of Delaware. The following month, Antaeus began purchasing digital asset mining machines and commenced Bitcoin mining operations in West Texas. However, in response to sustained losses, the Company began gradually ceasing these activities in October 2024. As a result, the Company held no digital assets as of June 30, 2025, and September 30, 2025.

 

For the three months ended September 30, 2025, the Company acquired $0 of digital assets through mining activities and disposed of $0 digital assets through the sale of digital assets. For the three months ended September 30, 2025, the Company realized total gains on digital assets of $0.

 

For the three months ended September 30, 2024, the Company acquired $162,973 of digital assets through mining activities and disposed of $213,910 digital assets through the sale of digital assets. For the three months ended September 30, 2024, the Company realized total gains on digital assets of $8,730.