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Intangible Assets and Digital Assets (Tables) | 9 Months Ended
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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 |

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