Concentration

3 Months Ended

Sep. 30, 2015

Risks and Uncertainties [Abstract]

Concentration

3. Concentration

Customers

For the three months ended September 30, 2015 and September 30, 2014, our Company earned net revenues of $1,402,911 and $2,664, respectively. The vast majority of these revenues for the period ending September 30, 2015 were derived from a large number of customers, whereas the vast majority of these revenues for the period ending September 30, 2014 were derived from a limited number of customers. No customers accounted for over 10% of the Company’s total revenues for the year ended September 30, 2015. The revenues for the period ending September 30, 2014, only reflect prior to the acquisition of SWC, and were revenues from Sugarmade, Inc.

Suppliers

For the three months end September 30, 2015, we purchased products for sale by CarryOutSupplies from several contract manufacturers located in Asia. A substantial portion of the Company’s inventory is purchased from one supplier that functions as an independent foreign procurement agent. Two suppliers accounted for 45% and 23% of the Company’s total inventory purchase in the three months ended September 30, 2015, respectively. For the three month period ended September 30, 2014, there we no purchases of tree free paper products.