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Note 1 - Basis of Presentation: Inventory (Policies)
3 Months Ended
Sep. 30, 2014
Policies  
Inventory

Inventory

 

The only component of inventory is finished goods inventory, valued on a first in first out basis, and includes production cost, product freight in, and packaging costs. Slow moving and obsolete inventories are written down based on a comparison of on-hand quantities to historical and projected usages. Additionally, reserves for non-cancelable open purchase orders for components the Company is obligated to purchase in excess of projected usage, or for open purchase orders where the market price is lower than the purchase order price, if any, are recorded as other accrued expenses on the balance sheet. As of September 30, 2014 and June 30, 2014, we did not have any such accrued expenses.