Intangible Assets

12 Months Ended

Jun. 30, 2023

Intangible Assets [Abstract]

INTANGIBLE ASSETS

NOTE 8 - INTANGIBLE ASSETS

The following is a summary of intangible assets:

	June 30, 2023			June 30, 2022
Land Use Rights – Humankind	$	874,048		$	946,237
Health Supplement Product Patents – Humankind		4,137,188			4,478,882
Pharmaceutical Patents - HLJ Huimeijia		360,511			390,285
Land Use Rights - HLJ Huimeijia		597,836			647,211
Less: Accumulated Amortization		(5,004,808	)		(5,050,012	)
Intangible Assets, net, Held for Continuing Operations	$	964,775		$	1,412,603

There is no private land ownership in PRC Enterprises and individuals can pay the government a fee to obtain the right to use a piece of land for commercial purposes or residential purposes for an initial period of 50 years or 70 years, respectively. The land use right can be sold, purchased, and exchanged in the market. The successor owner of the land use right will have the right to use the land for the time remaining on the initial period. The patent has amortized life of 10 years.

Amortization expense charged to operations was $354,619 and $485,625 for the years ended June 30, 2023 and 2022, respectively.