v3.26.3
Property and Equipment, Net
 12 Months Ended
Jun. 30, 2026
Property and Equipment, Net [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 5 – PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following:

 

    As of June 30,  
    2026     2025  
Office buildings     20,557,526       20,628,654  
Equipment and office furniture     2,433,520       1,902,317  
Office building related facilities, machinery and equipment     64,192       63,022  
Transportation equipment     707,728       707,015  
Leasehold improvements     3,098,249       2,930,897  
Total     26,861,215       26,231,905  
Less: accumulated depreciation     (6,911,094 )     (5,019,442 )
Property and equipment, net     19,950,121       21,212,463  

 

Depreciation expense was $1,854,462, $1,462,726 and $1,036,767 for the years ended June 30, 2026, 2025 and 2024, respectively.

 

As of June 30, 2026, the office building with carrying amount of $17,712,809 is pledged to secure the financing credit facility of HKD75,000,000 from Taipei Fubon Bank (Note 10).