Quarterly report pursuant to Section 13 or 15(d)

Inventories

Inventories

6 Months Ended

Dec. 31, 2022

Inventories [Abstract]

Inventories

5. Inventories

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Inventory consists of the following at December 31, 2022 and June 30, 2022:

	As of		As of
	December 31, 2022		June 30, 2022
Inventory: Finished Goods - Ice Cream	$	113,132	$	165,470
Inventory: Ingredients & Finished Goods - Cookies		54,171		-
Inventory: Ingredients	$	156,253	$	82,625
Inventory: Packaging	$	128,593	$	83,436
Inventory: Allowance for Unsaleable Invent	$	1,468	$	-
Total Inventory	$	453,617	$	331,531

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.