Business Risk and Credit Risk Concentration Involving Cash

9 Months Ended

Mar. 31, 2017

Risks and Uncertainties [Abstract]

Business Risk and Credit Risk Concentration Involving Cash

Business Risk and Credit Risk Concentration Involving Cash

During the nine months ended March 31, 2017, the Company had two customers that together comprised the majority of the Company’s revenue. During the nine months ended March 31, 2016, the Company had three customers that together comprised 100% of the Company’s revenue. The following tables summarize the concentrations of sales and trade accounts receivable percentages for the Company’s customers:

	Three Months Ended   March 31, 2017		Three Months Ended   March 31, 2016
	Percentage of Total Sales		Percentage of Total Sales
Next Generation Chemical Detector Partner	19	%	11	%
Department of Homeland Security Science and Technology Directorate Partner	79	%	89	%

	Nine Months Ended   March 31, 2017		Nine Months Ended   March 31, 2016
	Percentage of Total Sales		Percentage of Total Sales
Next Generation Chemical Detector Partner	46	%	59	%
Department of Homeland Security Science and Technology Directorate Partner	53	%	20	%
A Japanese Aerospace Company	—	%	21	%

	March 31, 2017		June 30, 2016
	Percentage of Trade A/R		Percentage of Trade A/R
Department of Homeland Security Science and Technology Directorate Partner	87	%	100	%

The Company maintains funds in bank accounts that may exceed the limit insured by the Federal Deposit Insurance Corporation (“FDIC”) of $250 thousand per depositor. The risk of loss attributable to these uninsured balances is mitigated by depositing funds in what we believe to be high credit quality financial institutions. The Company has not experienced any losses in such accounts.