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Concentration
3 Months Ended
Sep. 30, 2018
Risks and Uncertainties [Abstract]  
Concentration
3. Concentration

 

Customers

 

For the three months ended September 30, 2018 and 2017, our Company earned net revenues of $1,445,010 and $1,177,214 respectively. The vast majority of these revenues for the period ending September 30, 2018 were derived from a large number of customers, whereas the vast majority of these revenues for the period ending September 30, 2017 were derived from a limited number of customers. No customers accounted for over 10% of the Company’s total revenues for the period ended September 30, 2018.

 

Suppliers

 

For the three months ended September 30, 2018, we purchased products for sale by the company's subsidiaries from several contract manufacturers located in Asia and the U.S. A substantial portion of the Company's inventory is purchased from two (2) suppliers. The two (2) suppliers accounted as follows: Two suppliers accounted for 28.40% and 21.60% of the Company's total inventory purchase for the three months ended September 30, 2018, respectively.