| Schedule of property and equipment, net |
Property,
plant and equipment, net consists of the following:
Schedule
of property
and equipment, net
| | |
2026 | | |
2025 | |
| | |
As of June 30, | |
| | |
2026 | | |
2025 | |
| At Cost: | |
| | | |
| | |
| Dry-docking expenditures | |
$ | 18,694,262 | | |
$ | 15,998,313 | |
| Furniture and fixtures | |
| 70,634 | | |
| 68,964 | |
| Motor vehicles | |
| 296,828 | | |
| 284,462 | |
| Real property | |
| 825,791 | | |
| 836,276 | |
| Renovation and improvements | |
| 200,431 | | |
| 195,967 | |
| Tools and equipment | |
| 2,290,278 | | |
| 1,922,063 | |
| Vessels | |
| 34,399,918 | | |
| 34,399,918 | |
| Total, at cost | |
| 56,778,142 | | |
| 53,705,963 | |
| Less: Accumulated depreciation | |
| (26,789,934 | ) | |
| (21,972,674 | ) |
| Total, net | |
$ | 29,988,208 | | |
$ | 31,733,289 | |
|