Annual report pursuant to Section 13 and 15(d)

Inventories

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Inventories
 12 Months Ended
Jun. 30, 2018
Inventory Disclosure [Abstract]  
Inventories
6. Inventories ● Inventories consists of the following at June 30, 2018.

 

      2018     2017  
  Finished Goods   $ 96,116     $ 87,676  
  Packaging     7,093       8,189  
  TOTAL   $ 103,209     $ 95,865  

 

      Inventories are stated at the lower of cost (FIFO) or net realizable value. The Company periodically reviews the value of items in inventory and provides write-downs or write-offs of inventory based on its assessment of market conditions and the products relative shelf life. Write-downs and write-offs are charged to loss on inventory write down.