Annual report pursuant to Section 13 and 15(d)

Inventories

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Inventories
 12 Months Ended
Jun. 30, 2016
Inventories [Abstract]  
Inventories
6. Inventories ● Inventories consists of the following at June 30,
       

        2016       2015  
  Finished Goods   $ 113,517     $ 35,273  
  Packaging     8,189       11,662  
  TOTAL   $ 121,706     $ 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.