Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.20.1
Inventories
9 Months Ended
Mar. 31, 2020
Inventory Disclosure [Abstract]  
Inventories
5. Inventories Inventory consists of the following at March 31, 2020 and June 30, 2019,

 

    March 31,
2020
    June 30,
2019
 
Finished goods – bars   $ -     $ 30,800  
Finished goods - ice cream     265,755       346,229  
Raw material – ingredients     12,848       25,477  
Packaging     7,276       3,933  
TOTAL   $ 285,879     $ 406,439  

 

      Inventories are stated at the lower of cost 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.