Subsequent Events (Tables) (Subsequent Event [Member])

12 Months Ended

Jun. 30, 2016

Subsequent Event [Member]

Schedule of Fair Values of the Assets Acquired and Liabilities Assumed at the date of acquisition

Cash	$	39,925
Accounts receivable		452,112
Inventory		1,008,252
Other current assets		44,052
Loan receivables		302,521
Fixed assets		211,694
Security deposit		33,281
Goodwill		8,912,679
Accounts payable		(1,489,757	)
Credit card payable		(438,972	)
Loans payable		(443,584	)
Other payables		(362,203	)
Long term notes payables		(460,000	)
Purchase price	$	7,810,000

Schedule of Pro forma Consolidated Income Statements

Pro forma Consolidated Income Statements

June 30, 2013

Sugarmade, Inc. and Subsidiary and SWC Group, Inc., a California

Corporation, which does business as CarryOutSupplies.com

(unaudited)

		June 30, 2013
		SGMD	SWC Group	Pro Forma Adjustments	Pro Forma Consolidated
Revenues, net		241,398	11,061,316	-	11,302,714
Cost of goods sold:
	Materials and freight costs	188,109	7,070,823	-	7,258,932
	Provision for inventory obsolescence	69,451		-	69,451
Total cost of goods sold		257,560	7,070,823		7,328,383
Gross margin (loss)		(16,162)	3,990,493		3,974,331
Operating expenses:
	Loss on write-off of license and supply agreement
	Selling, general and administrative expenses	1,784,490	3,606,413	-	5,390,903
	Amortization of license and supply agreement
Total operating expenses		1,784,490	3,606,413		5,390,903
Loss from operations		(1,800,652)	384,080		(1,416,572)
Non-operating income (expense):
	Interest expense	(646,566)		-	(646,566)
	Interest income	487	10,062	-	10,549
	Change in fair value of derivative liabilities	181,961		-	181,961
	Other Income (Expense)		(62,125)	-
Total non-operating income (expense)		(464,118)	(52,063)		(516,181)
Net loss		(2,264,770)	332,017		(1,932,753)
Basic and diluted net loss per share		(0.22)	(0.01)		(0.02)
Basic and diluted weighted average common shares outstanding used in computing net loss per share		10,504,279	71,000,000		81,504,279

Pro forma Consolidated Income Statements

June 30, 2014

Sugarmade, Inc. and Subsidiary and SWC Group, Inc., a California

Corporation, which does business as CarryOutSupplies.com

(unaudited)

		June 30, 2014
		SGMD	SWC Group	Pro Forma Adjustments	Pro Forma Consolidated
Revenues, net		70,751	8,490,958		8,561,709
Cost of goods sold:
	Materials and freight costs	52,046	5,654,847		5,706,893
	Provision for inventory obsolescence	39,306			39,306
Total cost of goods sold		91,352	5,654,847		5,746,199
Gross margin (loss)		(20,601)	2,836,111		2,815,510
Operating expenses:
	Loss on write-off of license and supply agreement
	Selling, general and administrative expenses	705,428	3,677,733		4,383,161
	Amortization of license and supply agreement
Total operating expenses		705,428	3,677,733		4,383,161
Loss from operations		(726,029)	(841,622)		(1,567,651)
Non-operating income (expense):
	Interest expense	(120,292)			(120,292)
	Interest income	50			50
	Change in fair value of derivative liabilities	90,662			90,662
	Other Income (Expense)		(79,155)		(79,155)
Total non-operating income (expense)		(29,581)	(79,155)		(108,736)
Net loss		(755,610)	(920,777)		(1,676,387)
Basic and diluted net loss per share		(0)	(0.01)		(0.02)
Basic and diluted weighted average common shares outstanding used in computing net loss per share		10,538,526	71,000,000		81,538,526