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PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 9. PROPERTY AND EQUIPMENT, NET

 

Property and equipment consist of the following:

 

   June 30, 2025   June 30, 2024 
Production equipment  $38,827   $35,724 
Leasehold improvements   21,818    20,074 
Other equipment   42,731    27,417 
Software   236,113    - 
Construction in progress (CIP)   -    543,410 
Gross property and equipment   339,489    626,625 
Less: accumulated depreciation and amortization   (88,164)   (60,775)
Property and equipment, net  $251,325   $565,850 

 

The Company recorded depreciation expense of $14,955 and $15,108 in relation to the depreciation of property and equipment for the years ended June 30, 2025, and 2024 respectively.

 

The following table summarizes the amount of CIP recorded in property and equipment, net on the consolidated balance sheets:

 

   June 30, 2025 *   June 30, 2024 
Investments in construction in progress  $1,099,720   $1,086,820 
Less: 50% contributed under government grant   (549,860)   (543,410)
Less: Impairment of construction in progress   (222,360)   - 
Less: Amount reclassified to assets held for sale   (327,500)   - 
Carrying amount  $-   $543,410 

 

*Refer to Note 7 for details.