Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.3.1.900
Inventories
6 Months Ended
Dec. 31, 2015
Inventories [Abstract]  
Inventories
5. Inventories Inventory consists of the following at December 31th and June 30th 2015,

 

      December 31,
2015
    June 30,
2015
 
  Finished Goods   $ 15,758     $ 35,273  
  Packaging     -       11,663  
  TOTAL   $ 15,758     $ 46,936  

 

      Inventories are stated at the lower of cost or market. 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.