v3.23.3
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Sep. 30, 2023
Accounting Policies [Abstract]  
Schedule of Translation Foreign Currency Exchange Rates The exchange rates as of September 30, 2023 and June 30, 2023 and for the three months ended September 30, 2023 and 2022 are as follows:
   September 30,
2023		   June 30,
2023		   Three months ended
September 30,		 
Foreign currency  Balance
Sheet		   Balance
Sheet		   2023
Profit/Loss		   2022
Profit/Loss		 
RMB:1USD   7.2755    7.2537    7.2350    6.8425 
HKD:1USD   7.8312    7.8366    7.8251    7.8483 
Schedule of Estimated Useful Lives Property and equipment are stated at historical cost less accumulated depreciation. Historical cost comprises its purchase price and any directly attributable costs of bringing the assets to its working condition and location for its intended use. Depreciation is calculated on a straight-line basis over the following estimated useful lives:
Buildings 20 years
Motor vehicles 3-10 years
Computer and office equipment 1-5 years
Furniture and fixtures 3-5 years
System software 5 years
Leasehold improvements Shorter of lease term or useful lives
Mining equipment 3 years
Schedule of Disaggregated Revenue Streams The Company’s disaggregated revenue streams are described as follows:
   For the Three Months Ended 
   September 30,
2023		   September 30,
2022		 
         
Sale of crypto mining machines  $
-
   $497,045 
Freight logistics services   895,926    724,159 
Total  $895,926   $1,221,204 

 
Schedule of Revenues by Geographic locations Disaggregated information of revenues by geographic locations are as follows:
   For the Three Months Ended 
   September 30,   September 30, 
   2023   2022 
PRC  $700,656   $248,210 
U.S.   195,270    972,994 
Total revenues  $895,926   $1,221,204