PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

3.  PROPERTY AND EQUIPMENT:

Property and equipment consist of the following:

	June 30, 2022			June 30, 2021
Machinery and equipment	$	—		$	2,222,670
Buildings and structures		—			401,470
Computers and office equipment		13,598			171,485
3G project construction in process		2,892,222			—
Property and equipment, gross		2,905,820			2,795,625
Less accumulated depreciation		(10,262	)		(2,795,084	)
Property and equipment, net	$	2,895,558		$	541

The 3G project began in July of 2021, with a lease signed on land October 1, 2021 (Note 9). Once the lease commenced the Company moved into construction phase. The balance for 3G construction in process includes $32,000 for capitalized interest and $135,648 in non-cash compensation as of June 30, 2022.

Management has reviewed the remaining property and equipment for impairment as of June 30, 2022 and believes that no impairment exists.

Depreciation expense was $1,161 and $827 for the years ended June 30, 2022 and 2021, respectively.