4. Accounts Receivable
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9 Months Ended |
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Mar. 31, 2015
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Accounts Receivable Additional Disclosures [Abstract] | |
4. Accounts Receivable |
4. Accounts receivable
· The Companys accounts receivable arise primarily from the sale of the Companys nutritional snack bar. On a periodic basis, the Company evaluates each customer account and based on the days outstanding of the receivable, history of past write-offs, collections, and current credit conditions, writes off accounts it considers uncollectible. Invoices are typically due in 60 90 days. The Company does not accrue interest on past due accounts and the Company does not require collateral. Accounts become past due on an account-by-account basis.
· Determination that an account is uncollectible is made after all reasonable collection efforts have been exhausted.
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