Concentration

6 Months Ended

Dec. 31, 2017

Risks and Uncertainties [Abstract]

Concentration

3. Concentration

Customers

For the three months ended December 31, 2017 and December 31, 2016, our Company earned net revenues of $938,754 and $728,092 respectively. For the six months ended December 31, 2017 and December 31, 2016, our Company earned net revenues of $2,115,968 and $1,855,646 respectively. The vast majority of these revenues for the period ending December 31, 2017 were derived from a large number of customers, whereas the vast majority of these revenues for the period ending December 31, 2016 were derived from a limited number of customers. No customers accounted for over 10% of the Company’s total revenues for the year ended December 31, 2017.

Suppliers

For the six months end December 31, 2017, 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. One supplier accounted for 65% and two suppliers each accounted for 8% of the Company’s total inventory purchase in the six months ended December 31, 2017 and December 31, 2016 respectively.