Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.19.3
Inventories
3 Months Ended
Sep. 30, 2019
Inventory Disclosure [Abstract]  
Inventories

5. Inventories Inventory consists of the following at September 30, 2019 and June 30, 2019,

 

    September 30,
2019
    June 30,
2019
 
Finished goods – bars   $ 26,570     $ 30,800  
Finished goods – ice cream     387,736       346,229  
Raw material – ingredients     17,918       25,477  
Packaging     4,798       3,933  
TOTAL   $ 437,022     $ 406,439  

   

      Inventories are stated at the lower of cost 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.