Concentration

12 Months Ended

Jun. 30, 2017

Risks and Uncertainties [Abstract]

Concentration

3. Concentration

Customers

For the year ended June 30, 2017, our Company earned net revenues of $4,100,560. The vast majority of these revenues for the year ended June 30, 2017 were derived from two (2) customers of the Company. These two (2) customers accounted for 78.55% of revenue for the year ended June 30, 2017. 

For the year ended June 30, 2016, our Company earned net revenues of $4,348,256. 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 year ended June 30, 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 59% and the remaining two (2) account for 39% and 32% of the Company’s total inventory purchase for the year ended June 30, 2017 respectively.

For the year ended June 30, 2016, two (2) suppliers accounted for 60.7% and 14.9% of the Company’s total inventory purchase, respectively.