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Concentration
6 Months Ended
Dec. 31, 2019
Risks and Uncertainties [Abstract]  
Concentration
3. Concentration

 

Customers

 

For the six months ended December 31, 2019 and 2018, our Company earned net revenues of $1,474,784 and $2,886,885 respectively. The vast majority of these revenues for the period ending December 31, 2019 were derived from a large number of customers, whereas the vast majority of these revenues for the period ending December 31, 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 December 31, 2019.

 

Suppliers

 

For the six months ended December 31, 2019 and 2018, 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 38.63% and 38.38% of the Company's total inventory purchase for the six months ended December 31, 2019 and 2018, respectively.