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Related Party Transactions
12 Months Ended
Jun. 30, 2022
Related Party Transactions [Abstract]  
Related Party Transactions

(6)           Related Party Transactions

 

An executive officer of the corporate parent company of our contract manufacturer (see Note 5) was nominated to become a director of the Company in January 2022 and his appointment became effective upon our completion of a public offering in August 2022 (see Note 7). Pursuant to an agreement that we reached with our contract manufacturer prior to such nomination and appointment, we made payments to that company to assemble our energy storage systems during the year ended June 30, 2022 in the total amount of $857,025. Additionally, we made contractual payments to that company for our rental of office space during the year ended June 30, 2022 in the total amount of approximately $126,000.