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Inventories

9 Months Ended

Mar. 31, 2024

Inventories [Abstract]

INVENTORIES

NOTE 4 – INVENTORIES

Inventories consisted of the following:

		March 31,				June 30,
		2024				2023
Raw materials		$	5,939,882			$	11,617,989
Supplies and packing materials		$	863,791			$	410,904
Work in progress		$	173,796			$	172,248
Finished goods		$	29,727,073			$	34,253,990
Total		$	36,704,542			$	46,455,131

The company confirmed the loss of $4.0 million and $1.7 million of inventories for the nine months ended March 31, 2024 and 2023, respectively.

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- References

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

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