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Concentration	3 Months Ended
Sep. 30, 2013
Concentration
Concentration	*3. Concentration* *Customers* For the three months ended September 30, 2013, our Company earned net revenues of $47,402. A significant portion of our Company's revenue is derived from a small number of customers. For the three months ended September 30, 2013, sales to 2 of our Company’s customers accounted for 75% and 10% of net sales, respectively. For the three months ended September 30, 2012, sales to one of our Company’s customers accounted for 100% of net sales. Sugarmade, Inc. and Subsidiary Notes to Condensed Consolidated Financial Statements September 30, 2013 (Unaudited) and June 30, 2013 *Suppliers* For the three months ended September 30, 2013 and 2012, all of our tree free paper products were purchased from Sugar Paper Company (SCPC) and their contract manufacturers, Our CEO Leung is a major shareholder of SCPC.

Concentration

3 Months Ended

Sep. 30, 2013

3. Concentration

Customers

For the three months ended September 30, 2013, our Company earned net revenues of $47,402. A significant portion of our Company's revenue is derived from a small number of customers. For the three months ended September 30, 2013, sales to 2 of our Company’s customers accounted for 75% and 10% of net sales, respectively. For the three months ended September 30, 2012, sales to one of our Company’s customers accounted for 100% of net sales.

Sugarmade, Inc. and Subsidiary

Notes to Condensed Consolidated Financial Statements

September 30, 2013 (Unaudited) and June 30, 2013

Suppliers

For the three months ended September 30, 2013 and 2012, all of our tree free paper products were purchased from Sugar Paper Company (SCPC) and their contract manufacturers, Our CEO Leung is a major shareholder of SCPC.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

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