Concentration

9 Months Ended

Mar. 31, 2018

Risks and Uncertainties [Abstract]

Concentration

3. Concentration

Customers

For the three months ended March 31, 2018 and March 31, 2017, our Company earned net revenues of $2,965,404 and $903,950 respectively. For the nine months ended March 31, 2018 and March 31, 2017, our Company earned net revenues of $5,081,372 and $2,759,595 respectively. The vast majority of these revenues for the period ending March 31, 2018 were derived from a large number of customers, whereas the vast majority of these revenues for the period ending March 31, 2017 were derived from a limited number of customers. No customers accounted for over 10% of the Company’s total revenues for the year ended March 31, 2018.

Suppliers

For the nine months end March 31, 2018, 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 nine- months ended March 31, 2018 and March 31, 2017 respectively.