Quarterly report pursuant to Section 13 or 15(d)

Inventories

Inventories

3 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

Inventories

5. Inventories

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Inventory consists of the following at September 30, 2021 and June 30, 2021:

	As of			As of
	September 30, 2021			June 30, 2021
Inventory:Finished Goods - Ice Cream	$	412,702		$	338,368
Inventory:Ingredients	$	42,792		$	14,760
Inventory:Packaging	$	60,512		$	59,010
Inventory:Allowance for Unsaleable Invent	$	(24,403	)	$	(24,402	)
Total Inventory	$	491,603		$	387,736

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.