Business Risk and Credit Risk Concentration Involving Cash

6 Months Ended

Dec. 31, 2017

Business Risk and Credit Risk Concentration Involving Cash

During the three and six months ended December 31, 2017, the Company recognized revenue from one customer. During the three and six months ended December 31, 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 December 31, 2017		Three Months Ended December 31, 2016
	Percentage of Total Sales		Percentage of Total Sales
Next Generation Chemical Detector Partner	—	%	37	%
Department of Homeland Security Science and Technology Directorate Partner	—	%	63	%
Large Post-Production Film Company	100	%	—	%



	Six Months Ended December 31, 2017		Six Months Ended December 31, 2016
	Percentage of Total Sales		Percentage of Total Sales
Next Generation Chemical Detector Partner	—	%	53	%
Department of Homeland Security Science and Technology Directorate Partner	—	%	47	%
Large Post-Production Film Company	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.

December 31, 2017

June 30, 2017

Percentage of Trade A/R

Percentage of Trade A/R

Department of Homeland Security Science and Technology Directorate Partner