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PROPERTY AND EQUIPMENT, NET | 3 Months Ended
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Sep. 30, 2022
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT, NET | NOTE 8 - PROPERTY AND EQUIPMENT, NET Property and equipment, net consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT
|  | September 30, 2022 |  |  | June 30, 2022 |
Buildings |  | $ | 1,702,641 |  |  | $ | 1,808,172 |
Machinery and equipment |  |  | 25,755 |  |  |  | 27,351 |
Motor vehicles |  |  | 130,960 |  |  |  | 139,077 |
Office equipment |  |  | 160,857 |  |  |  | 178,271 |
Leasehold improvement |  |  | 175,440 |  |  |  | 186,314 |
Farmland leasehold improvements |  |  | 2,956,484 |  |  |  | 3,139,729 |
Subtotal |  |  | 5,152,137 |  |  |  | 5,478,914 |
Less: accumulated depreciation and amortization |  |  | (3,213,660 | ) |  |  | (3,388,640 | )
Less: impairment for property and equipment |  |  | (673,084 | ) |  |  | (714,802 | )
Total property and equipment, net |  | $ | 1,265,393 |  |  | $ | 1,375,472 |
Depreciation and amortization expense was US$30,966 and US$81,473 for the three months ended September 30, 2022 and 2021, respectively. During the year ended June 30, 2022, the management performed evaluation on the impairment of property and equipment. Due to the continuous impact from the COVID-19 pandemic, the Company’s Zhisheng VIEs, has not been able to grow and cultivate green agricultural produce on its leased farmland, and based on the management estimation, these farmlands are unlikely to generate enough future profit and cashflow, hence, the Company decided to record full impairment of leased farmland (Note 12). Therefore, farmland leasehold improvements relating to these farmlands were also fully impaired as of June 30, 2022.The impairment for property and equipment of US$673,084 and US$714,802 was recorded as of September 30, 2022 and June 30, 2022, respectively. Farmland leasehold improvements consisted of following: SCHEDULE OF LEASEHOLD IMPROVEMENTS
|  | September 30, 2022 |  |  | June 30, 2022 |
Blueberry farmland leasehold improvements |  | $ | 2,271,302 |  |  | $ | 2,412,079 |
Yew tree planting base reconstruction |  |  | 254,470 |  |  |  | 270,242 |
Greenhouse renovation |  |  | 430,712 |  |  |  | 457,408 |
Less: impairment for property and equipment |  |  | (2,956,484 | ) |  |  | (3,139,729 | )
Total farmland leasehold improvements |  | $ | - |  |  | $ | - |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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