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Concentration
3 Months Ended
Sep. 30, 2019
Risks and Uncertainties [Abstract]  
Concentration
3. Concentration

 

Customers

 

For the three months ended September 30, 2019 and 2018, our Company earned net revenues of $753,974 and $1,445,010 respectively. The vast majority of these revenues for the period ending September 30, 2019 were derived from a large number of customers, whereas the vast majority of these revenues for the period ending September 30, 2018 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, 2019.

 

Suppliers

 

For the three months ended September 30, 2019, we purchased products for sale 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 38.38% and 22.36% of the Company's total inventory purchase for the three months ended September 30, 2019, respectively.