Business Risk and Credit Risk Concentration Involving Cash

12 Months Ended

Jun. 30, 2019

Risks And Uncertainties [Abstract]

Business Risk and Credit Risk Concentration Involving Cash

(8) Business Risk and Credit Risk Concentration Involving Cash

For the fiscal year ended June 30, 2019, 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, 2018 came from two different customers. The following table summarizes the concentrations of sales for the Company’s customers:

	Year Ended June 30, 2019			Year Ended June 30, 2018
	Percentage of Total Sales			Percentage of Total Sales
Post-Production Film Company #1		—			48	%
Aerospace Manufacturing Company		—			52	%
Post-Production Film Company #2		31	%		—
Mini Mass Spectrometer Distributor		69	%		—

The Company maintains funds in bank accounts that may exceed the limit insured by the Federal Deposit Insurance Corporation (the “FDIC”). 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.