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Concentration
9 Months Ended
Mar. 31, 2017
Risks and Uncertainties [Abstract]  
Concentration

3. Concentration

 

Customers

 

For the three and nine months ended March 31, 2017, our Company earned net revenues of $903,950 and $2,759,595 respectively. The vast majority of these revenues for the three (3) month / three (3) and nine (9) month period ending March 31, 2017 were derived from three (3) customers of the Company. These three (3) customers accounted for 28% of revenue for the three months ended March 31, 2017. One customer accounted for 13% for the nine (9) months ending March 31, 2017.

 

For the three and nine months ended March 31, 2016, our Company earned net revenues of $826,867 and $3,144,207, respectively. The vast majority of these revenues for the periods were derived from a large number of customers, with no customers accounted for over 10% of the Company’s total revenues in either period.

 

Suppliers

 

For the three (3) months ended March 31, 2017, we purchased products for sale by CarryOutSupplies from several contract manufacturers located in Asia and the U.S. A substantial portion of the Company’s inventory is purchased from three (3) suppliers. The three (3) suppliers accounted as follows: One supplier accounted for 57% and the remaining two (2) account for 36% the Company’s total inventory purchase for the three (3) months ended March 31, 2017 respectively.

 

For the nine (9) months ended March 31, 2017, we purchased products for sale by CarryOutSupplies from several contract manufactures located in Asia and the U.S. A substantial portion of the Company’s inventory is purchased from three (3) suppliers. The three (3) suppliers accounted as follows: One supplier accounted for 73% and the remaining two (2) account for 23% of the Company’s total inventory purchase for the nine (9) months ended March 31, 2017.

 

For the three and nine months end March 31, 2016, we purchased products for sale by CarryOutSupplies from several contract manufacturers located in Asia and U.S. 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 10% and 76% of the Company’s total inventory purchase for the three and nine months ending March 31, 2016 respectively. There were no purchases of tree free paper products during this period.