Property, Plant and Equipment

9 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 5 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

	March 31,			June 30,
	2023			2022
Building and improvements	$	39,136,612		$	39,988,862
Auto		2,868,748			2,892,073
Machinery and equipment		18,528,708			18,913,581
Total property, plant and equipment		60,534,068			61,794,515
Less: accumulated depreciation		(43,486,018	)		(42,924,364	)
Total	$	17,048,050		$	18,870,152

For the nine months ended March 31, 2023, total depreciation expense for the continuing entities was $1,639,134, decreased $199,256, or 10.8%, from $1,838,390 for the nine months ended March 31, 2022.