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Property and Equipment, Net
 3 Months Ended
Sep. 30, 2024
Property and Equipment, Net [Abstract]  
Property and Equipment, Net

4. Property and Equipment, Net

 

Property and equipment, net consisted of the following:

 

   September 30,
2024		   June 30,
2024		 
   US$   US$ 
Furniture and fixtures   10,050,978    9,845,383 
Auto & Truck   2,740,094    2,080,830 
Trailers & track chassis   1,489,811    1,161,811 
Machinery & equipment   1,706,714    1,611,720 
Leasehold improvement   139,542    74,098 
Total   16,127,139    14,773,842 
Less: Accumulated depreciation   (4,341,867)   (3,763,435)
Property and equipment, net   11,785,272    11,010,407 

 

Depreciation expenses are recorded in costs of sales and general and administrative expenses. The Company recorded depreciation expenses of US$578,432 and US$388,929 during the three months ended September 30, 2024 and 2023, respectively. Specifically, US$436,368 and US$324,849 of the depreciation expenses were recorded in costs of sales for the three months ended September 30, 2024 and 2023, respectively. US$142,064 and US$64,080 of the depreciation expenses were recorded in general and administrative expenses for the three months ended September 30, 2024 and 2023, respectively.