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Inventory
9 Months Ended
Mar. 31, 2024
Inventory  
Inventory

Note 3. Inventory

 

Inventory consisted of the following:

 

 

 

March 31,

2024

 

 

June 30,

2023

 

Raw materials

 

$1,007,749

 

 

$-

 

Finished goods

 

 

7,794,152

 

 

 

11,557,128

 

 

 

$8,801,901

 

 

$11,557,128

 

 

The Company writes off the value of inventory deemed excessive or obsolete.

 

During the three and nine months ended March 31, 2024, the Company wrote off inventory valued at $1,722,289 and $1,812,319, respectively. During the three and nine months ended March 31, 2023, the Company wrote off inventory valued none and $34,328, respectively.