Business Risk and Credit Risk Concentration Involving Cash

12 Months Ended

Jun. 30, 2018

Business Risk and Credit Risk Concentration Involving Cash

(10) Business Risk and Credit Risk Concentration Involving Cash

For the fiscal year ended June 30, 2018, the Company had two customers that together comprised all of the Company’s revenue. All of the Company’s revenue for the fiscal year ended June 30, 2017 came from two different customers. The following tables summarize the concentrations of sales and trade accounts receivable percentages for the Company’s customers:

	Year Ended June 30, 2018			Year Ended June 30, 2017
	Percentage of Total Sales			Percentage of Total Sales
NGCD Partner		—			40	%
DHS S&T Partner		—			60	%
Large Post-Production Film Company		48	%		—
Aerospace Manufacturing Company		52	%		—

	June 30, 2018		June 30, 2017
	Percentage of Trade A/R		Percentage of Trade A/R
DHS S&T Partner		—		100	%

The Company maintains funds in bank accounts that may exceed the limit insured by the Federal Deposit Insurance Corporation (the “FDIC”). In October 2008, the FDIC increased its insurance to $250,000 per depositor. The risk of loss attributable to these uninsured balances is mitigated by depositing funds in what the Company believes to be high credit quality financial institutions. The Company has not experienced any losses in such accounts.