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

8. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following:

 

　   As of June 30,  
　   2026     2025  
　   USD     USD  
Building     2,856,524       2,705,595  
Leasehold improvements     1,482,773       1,404,428  
Transportation equipment     299,887       284,042  
Office equipment and computers     228,114       199,362  
Total     4,867,298       4,593,427  
Less: accumulated depreciation     (1,952,873 )     (1,504,323 )
Less: accumulated impairment     (548,525 )     (519,543 )
Property and equipment, net     2,365,900       2,569,561  

 

Depreciation expenses were $393,359, accumulated depreciation transferred out due to disposal of subsidiaries was $30,923, and currency translation difference was $93,123 for the year ended June 30, 2026. Loss on disposal of property and equipment was $107,664 for the year ended June 30, 2026. The Group recorded impairment loss of property and equipment of nil for the year ended June 30, 2026.

 

Depreciation expenses were $288,570, accumulated depreciation transferred out due to disposal of subsidiaries was $146,305, and currency translation difference was $22,045 for the year ended June 30, 2025. Loss on disposal and write-off of property and equipment was $2,598 and $574 for the year ended June 30, 2025, respectively. The Group recorded impairment loss of property and equipment of $515,892 for the year ended June 30, 2025.

 

Depreciation expenses were $698,731, accumulated depreciation transferred out from plant and equipment written off was $37,195, and currency translation difference were $79,973 for the year ended June 30, 2024. Gain on disposal of property and equipment was $10,065 for the year ended June 30, 2024.

  

As of June 30, 2026, the building owned by the Group, for which the carrying value was $2,390,304, was pledged as collateral to secure the bank loans dated November 24, 2023 and November 27, 2023 borrowed from Industrial and Commercial Bank of China (totaling RMB10,000,000 in Note 10).