Concentration

12 Months Ended

Jun. 30, 2016

Risks and Uncertainties [Abstract]

Concentration

3. Concentration

Customers

For the year ended June 30, 2016, our Company earned net revenues of $4,348,257 million. The vast majority of these revenues were derived from a large number of customers. No customers accounted for over 10% of the Company’s total revenues for the year ended June 30, 2016.

For the year ended June 30, 2015, our Company earned net revenues of $2.91 million. The vast majority of these revenues were derived from a large number of customers. No customers accounted for over 10% of the Company’s total revenues for the year ended June 30, 2015.

Suppliers

For the year ended June 30, 2016, we purchased products for sale by CarryOutSupplies from several contract manufacturers located in Asia. A substantial portion of the Company’s inventory was purchased from one supplier that functioned as an independent foreign procurement agent. Two suppliers accounted for 60.7% and 14.9% of the Company’s total inventory purchase in the year ended June 30, 2016, respectively.