| PROPERTY AND EQUIPMENT, NET |
Note 9. PROPERTY AND EQUIPMENT, NET
The Company’s net property and equipment
as follows:
| | |
March 31, | | |
June 30, | |
| | |
2021 | | |
2020 | |
| Buildings | |
$ | 205,413 | | |
$ | 190,518 | |
| Motor vehicles* | |
| 559,300 | | |
| 516,999 | |
| Computer equipment* | |
| 113,456 | | |
| 97,172 | |
| Office equipment* | |
| 46,994 | | |
| 43,587 | |
| Furniture and fixtures* | |
| 84,283 | | |
| 71,697 | |
| System software* | |
| 116,347 | | |
| 107,911 | |
| Leasehold improvements | |
| 848,253 | | |
| 786,745 | |
| Mining equipment | |
| 922,438 | | |
| - | |
| | |
| | | |
| | |
| Total | |
| 2,896,484 | | |
| 1,814,629 | |
| | |
| | | |
| | |
| Less: Accumulated depreciation and amortization | |
| (1,627,546 | ) | |
| (1,291,339 | ) |
| | |
| | | |
| | |
| Property and equipment, net | |
$ | 1,268,938 | | |
$ | 523,290 | |
Depreciation and amortization expenses for the
three months ended March 31, 2021 and 2020 were $14,690 and $67,320, respectively. Depreciation and amortization expenses for the nine
months ended March 31, 2021 and 2020 were $231,787 and $254,549, respectively.
| * |
For the three and nine months ended March 31, 2020, an impairment of $127,177 was recorded due to continued decrease in revenues from the inland transportation management segment, no impairment was recorded for same period 2020. |
|