Quarterly report pursuant to Section 13 or 15(d)

4. Accounts Receivable

4. Accounts Receivable
9 Months Ended
Mar. 31, 2015
Accounts Receivable Additional Disclosures [Abstract]  
4. Accounts Receivable

4. Accounts receivable


·         The Company’s accounts receivable arise primarily from the sale of the Company’s 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.