Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.19.1
Inventories
 9 Months Ended
Mar. 31, 2019
Inventory Disclosure [Abstract]  
Inventories
5. Inventories ● Inventory consists of the following at March 31, 2019 and June 30, 2018,

 

    March 31,
2019		     June 30,
2018		  
Finished goods - bars   $ 37,322     $ 96,116  
Finished goods - ice cream     229,169       -  
Raw material - ingredients     18,192       -  
Packaging     30,283       7,093  
TOTAL   $ 314,966     $ 103,209  

 

      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.