Business Risk and Credit Risk Concentration Involving Cash

9 Months Ended

Mar. 31, 2018

Business Risk and Credit Risk Concentration Involving Cash

(10) Business Risk and Credit Risk Concentration Involving Cash

During the three months ended March 31, 2018, the Company did not recognize any revenue, compared to the three months ended March 31, 2017, during which the Company had two customers that together comprised 100% of the Company’s revenue. During the nine months ended March 31, 2018, the Company recognized revenue from one customer, compared to the nine months ended March 31, 2017, during which the Company recognized revenue from the same two customers referenced above. The following tables summarize the concentrations of sales and trade accounts receivable percentages for the Company’s customers:

	Three months ended March 31, 2018			Three months ended March 31, 2017
	Percentage of Total Sales			Percentage of Total Sales
Next Generation Chemical Detector Partner		—	%		19	%
Department of Homeland Security Science and Technology Directorate Partner		—	%		79	%

	Nine months ended March 31, 2018			Nine Months Ended March 31, 2017
	Percentage of Total Sales			Percentage of Total Sales
Next Generation Chemical Detector Partner		—	%		46	%
Department of Homeland Security Science and Technology Directorate Partner		—	%		53	%
Large Post-Production Film Company		100	%		—	%

March 31, 2018

June 30, 2017

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.