Property, Plant and Equipment, Net

12 Months Ended

Jun. 30, 2023

Property, Plant and Equipment, Net [Abstract]

Property, plant and equipment, net

(8) Property, plant and equipment, net

As of June 30, 2023, and 2022, property, plant and equipment, net consisted of the following:

	As of June 30,
	2023			2022
	$			$
Buildings		7,159,632			7,150,233
Leasehold improvements		3,277,579			3,322,323
Plant and machinery		15,780,713			17,165,746
Motor vehicles		528,093			579,016
Office equipment		1,800,073			1,869,634
Totals		28,546,090			30,086,952
Less: accumulated depreciation		(19,518,475	)		(19,273,752	)
Property, plant and equipment, net		9,027,615			10,813,200

Depreciation expense was US$1,556,069, US$1,792,022 and US$1,901,586 for the years ended June 30, 2023, 2022 and 2021, respectively. No impairment loss was recorded for the years ended June 30, 2023, 2022 and 2021.