ASSETS HELD FOR SALE |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||
| Assets Held For Sale | ||||||||||||||||||||||||||||||||||||||||||||||
| ASSETS HELD FOR SALE | NOTE 10 – ASSETS HELD FOR SALE
At March 31, 2026, and June 30, 2025, assets held for sale are as follows:
On June 27, 2024, the Company, through its wholly-owned subsidiary Verde Renewables, a company incorporated under the laws of the State of Missouri, entered into a Consignment Contract with ED’s Machinery LLC (“EDM”) to dispose plant and machinery and motor vehicles with a carrying amount of $606,043. The disposal was pending completion as at June 30, 2024, and thus the assets had been presented separately in the balance sheets as assets held for sale. The disposal of assets with carrying values totaling $596,176 was completed as of June 30, 2025. The remaining asset comprises a vehicle that will be sold for its parts, and accordingly, an impairment of $ and $5,866 were recognized during the financial period/year ended March 31, 2026 and June 30, 2025.
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