v3.22.4
Property and Equipment, Net
 3 Months Ended
Sep. 30, 2022
Property and Equipment, Net [Abstract]  
PROPERTY AND EQUIPMENT, NET

Note 9. PROPERTY AND EQUIPMENT, NET

 

The Company’s net property and equipment are as follows:

 

   September 30,   June 30, 
   2022   2022 
Motor vehicles   715,571    715,571 
Computer equipment   116,729    117,397 
Office equipment   68,271    67,139 
Furniture and fixtures   534,596    390,093 
System software   105,032    111,562 
Leasehold improvements   781,129    829,687 
Mining equipment   922,438    922,438 
           
Total   3,243,766    3,153,887 
           
Less: Impairment reserve   (1,236,282)   (1,236,282)
Less: Accumulated depreciation and amortization   (1,386,858)   (1,368,649)
           
Property and equipment, net  $620,626   $548,956 

 

Depreciation and amortization expenses for the three months ended September 30, 2022 and 2021 were $78,945 and $140,710, respectively. No impairment loss was recorded for the three months ended September 30, 2022 and 2021.