General form of registration statement for all companies including face-amount certificate companies

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

9 Months Ended

12 Months Ended

Mar. 31, 2023

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 March 31, 2023 and June 30, 2022.

	March 31, 2023			June 30, 2022
		(Unaudited)
Office equipment at cost	$	25,559		$	28,623
Less: Accumulated depreciation		(24,925	)		(26,600	)

Total property, plant, and equipment	$	634		$	2,023

Depreciation expense for the three months ended March 31, 2023 and 2022 were $450 and $490, respectively. Depreciation expense for the nine months ended March 31, 2023 and 2022 were $1,345 and $1,503, 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