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Property, Plant and Equipment, Net | 6 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment, Net [Abstract] |
PROPERTY, PLANT AND EQUIPMENT, NET | 8. PROPERTY, PLANT AND EQUIPMENT, NET As of June 30, 2023, and December 31, 2023, property, plant and equipment consisted of the following:
|  | As of June 30, |  |  | As of December 31, |
|  | 2023 |  |  | 2023 |
Leasehold improvements |  | $ | 518,854 |  |  | $ | 813,912 |
Office and other equipment |  |  | 339,155 |  |  |  | 847,427 |
Furniture and fixtures |  |  | 309,990 |  |  |  | 340,723 |
Construction-in-progress |  |  | - |  |  |  | 296,557 |
|  |  | 1,167,999 |  |  |  | 2,298,619 |
Less: accumulated depreciation |  |  | (79,868 | ) |  |  | (150,413 | )
Total |  | $ | 1,088,131 |  |  | $ | 2,148,206 |
For the three months ended December 31, 2022 and 2023, depreciation expense amounted to $6,939, and $41,484, respectively. For the six months ended December 31, 2022 and 2023, depreciation expense amounted to $13,495 and $70,545, respectively. Included in construction-in-progress are prepayment for production and office renovations for Ispire Malaysia.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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