PROPERTY AND EQUIPMENT

3 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

3.  PROPERTY AND EQUIPMENT:

Property and equipment consist of the following:

	September 30, 2022			June 30, 2022
Machinery and equipment	$	—		$	—
Buildings and structures		—			—
Computers and office equipment		13,598			13,598
3G project construction in process		3,245,604			2,892,222
Property and equipment, gross		3,259,202			2,905,820
Less accumulated depreciation		(10,592	)		(10,262	))
Property and equipment, net	$	3,248,610		$	2,895,558

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 $62,688 for capitalized interest and $135,648 in non-cash compensation as of September 30, 2022.

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

Depreciation expense was $330 and $248 for the three months ended September 30, 2022 and 2021, respectively.