Concentration

3 Months Ended

Sep. 30, 2021

Risks and Uncertainties [Abstract]

Concentration

3. Concentration

Customers

For the three months ended September 30, 2021 and 2020, our Company earned net revenues of $1,168,781 and $2,146,326 respectively. The vast majority of these revenues for the period ending September 30, 2021 were derived from a large number of customers, whereas the vast majority of these revenues for the period ending September 30, 2020 were also derived from a large number of customers.

Suppliers

For the period ended September 30, 2021, we purchased products for sale by the Company’s subsidiary from several contract manufacturers located in Asia and the U.S. A substantial portion of the Company’s inventory was purchased from two (2) suppliers. The two suppliers accounted for 25.5% and 16.20%, respectively, of the Company’s total inventory purchase for the period ended September 30, 2021.