Post-effective amendment to a registration statement that is not immediately effective upon filing

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

6 Months Ended

12 Months Ended

Dec. 31, 2022

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 3 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following as of December 31, 2022 and June 30, 2022.

	December 31, 2022			June 30, 2022
	(Unaudited)
Office equipment at cost	$	25,971		$	28,623
Less: Accumulated depreciation		(24,888	)		(26,600	)

Total property, plant, and equipment	$	1,083		$	2,023

Depreciation expenses for the three months ended December 31, 2022 and 2021 were $422 and $504, respectively. Depreciation expenses for the six months ended December 31, 2022 and 2021 were $895 and $1,013, respectively.

NOTE 3 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following as of June 30:


	2022			2021

Office equipment at cost	$	28,623		$	28,623
Less: Accumulated depreciation		(26,600	)		(24,368	)

Total property, plant, and equipment	$	2,023		$	4,255

Depreciation expense for the years ended June 30, 2022 and 2021 were $1,993 and $1,993, respectively.

PROPANC BIOPHARMA, INC. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2022 and 2021