Business Risk and Credit Risk Concentration Involving Cash

3 Months Ended

Sep. 30, 2017

Risks and Uncertainties [Abstract]

Business Risk and Credit Risk Concentration Involving Cash

Business Risk and Credit Risk Concentration Involving Cash

During the three months ended September 30, 2017, the Company did not recognize any revenue from customers. During the three months ended September 30, 2016, the Company had two 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   September 30, 2017		Three Months Ended   September 30, 2016
	Percentage of Total Sales		Percentage of Total Sales
Next Generation Chemical Detector Partner	—	%	62	%
Department of Homeland Security Science and Technology Directorate Partner	—	%	38	%

	September 30, 2017		June 30, 2017
	Percentage of Trade A/R		Percentage of Trade A/R
Department of Homeland Security Science and Technology Directorate Partner	—	%	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.