NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2020

NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

Schedule of property plant and equipment depreciated over the estimated useful life

Buildings	39 years
Machinery and equipment	5 – 7 years
Trucks and autos	5 years
Office equipment	5 – 7 years
Leasehold improvements	Lesser of estimated useful life or the lease term

Schedule of antidilutive shares excluded from computation of earnings per share

	2020	2019
Shares Issuable Upon Conversion of Series A Prior Cumulative Preferred Stock	400,000	400,000
Shares Issuable Upon Conversion of Series B Prior Cumulative Preferred Stock	375,000	375,000
Shares Issuable Upon Conversion of Series A Cumulative Preferred Stock	222,133	222,133
Shares Issuable Upon Conversion of Series B Cumulative Preferred Stock	36,201	36,201
Total Dilutive Effect of Contingently Issuable Shares	1,033,334	1,033,334

Schedule of divisions of revenue

For the year ended June 30,	2020		2019
Sales - Chase Candy	$	1,480,286	$	1,408,187
Sales - Seasonal Candy		1,096,025		1,112,446
Sales	$	2,576,311	$	2,520,633