Business and Credit Risk Concentration

9 Months Ended

Mar. 31, 2012

Business and Credit Risk Concentration [Abstract]

Business and Credit Risk Concentration

(9) Business and Credit Risk Concentration

A substantial portion of our revenue has been generated under contracts with the U.S. Government. During the nine months ended March 31, 2012 and 2011, approximately 65% and 72%, respectively, of our revenues were generated under U.S. Government contracts. Accounts receivable totaled $1.7 million at March 31, 2012, of which 72% was attributable to the U.S. Government.

The Company maintains funds in bank accounts that may exceed the limit insured by the Federal Deposit Insurance Corporation, or “FDIC.” In October 2008, the FDIC increased its insurance to $250,000 per depositor, and to an unlimited amount for non-interest bearing accounts. 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.