Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.4.0.3
Inventories
9 Months Ended
Mar. 31, 2016
Inventories [Abstract]  
Inventories
5. Inventories Inventory consists of the following at March 31th 2016 and June 30th 2015,

  

      March 31,
2016
    June 30,
2015
 
  Finished Goods   $ 129,095     $ 35,273  
  Packaging     6,641       11,663  
  TOTAL   $ 135,736     $ 46,936  

 

    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.