Annual report pursuant to Section 13 and 15(d)

Inventories

v3.19.3
Inventories
 12 Months Ended
Jun. 30, 2019
Inventory Disclosure [Abstract]  
Inventories
6. Inventories ● Inventories consists of the following at June 30, 2019 and 2018.

 

    2019     2018  
Finished Goods-bars   $ 30,800     $ 96,116  
Finished Goods-ice cream     346,229       -  
Raw materials - ingredients     25,477       -  
Packaging     3,933       7,093  
TOTAL   $ 406,439     $ 103,209  

 

      Inventories are stated at the lower of cost (FIFO) 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.