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Intangible Assets and Digital Assets (Tables) | 6 Months Ended
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Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items] |
Schedule of Intangible Assets | Intangible assets consisted of the following:
|  | December 31, |  |  | June 30, |
|  | 2024 |  |  | 2024 |
Land use rights, net |  | $ | 7,488,399 |  |  | $ | 7,624,558 |
Trademarks |  |  | 5,669,154 |  |  |  | 5,688,599 |
Total |  | $ | 13,157,553 |  |  | $ | 13,313,157 |
Schedule of Intangible Assets | The Land Use Rights consisted of the following:
|  | December 31, |  |  | June 30, |
|  | 2024 |  |  | 2024 |
Land use rights |  | $ | 11,026,803 |  |  | $ | 11,064,624 |
Less: accumulated amortization |  |  | (3,538,404 | ) |  |  | (3,440,066 | )
Total land use rights, net |  | $ | 7,488,399 |  |  | $ | 7,624,558 |
Schedule of Company Acquired Gufeng and its Wholly-Owned Subsidiary | 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 $5,669,154) and is subject to an annual impairment test.
|  | December 31, |  |  | June 30, |
|  | 2024 |  |  | 2024 |
Trademarks |  | $ | 5,720,448 |  |  | $ | 5,740,068 |
Less: accumulated amortization |  |  | (51,294 | ) |  |  | (51,469 | )
Total trademarks, net |  | $ | 5,669,154 |  |  | $ | 5,688,599 |
Schedule of Company Acquired Gufeng and its Wholly-Owned Subsidiary | Estimated amortization expenses of intangible assets for the next five twelve months periods ended December 31, are as follows:
Twelve Months Ended on December 31, |  | Expense ($) |
2025 |  |  | 247,174 |
2026 |  |  | 222,121 |
2027 |  |  | 220,194 |
2028 |  |  | 220,194 |
2029 |  |  | 220,194 |
Schedule of Roll-Forward of Total Digital Assets (Including Digital Assets, Restricted) | The following table presents a roll-forward of total digital assets (including digital assets, restricted) for the six months ended December 31, 2024, based on the fair value model under ASU 2023-08:
|  | Fair Value |
Beginning balance: digital assets at June 30, 2024 |  | $ | 53,693 |
Addition of digital assets, mining proceeds |  |  | 181,377 |
Addition of digital assets, other |  |  | - |
Disposition of digital assets |  |  | (245,607 | )
Realized gain (loss) on digital assets |  |  | 10,536 |
Unrealized gain (loss) on digital assets |  |  | - |
Digital assets at December 31, 2024 |  | $ | - |

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