Business Risk and Credit Risk Concentration Involving Cash

6 Months Ended

Dec. 31, 2016

Business Risk and Credit Risk Concentration Involving Cash

During each of the six months ended December 31, 2016 and 2015, the Company had two customers that together comprised 100% of the Company’s revenue. The following tables summarize the concentrations of sales and trade accounts receivable percentages for the Company’s customers:



	Three Months Ended December 31, 2016		Three Months Ended December 31, 2015
	Percentage of Total Sales		Percentage of Total Sales
Next Generation Chemical Detector Partner	37	%	74	%
Department of Homeland Security Science and Technology Directorate Partner	63	%	—	%
A Japanese Aerospace Company	—	%	26	%



	Six Months Ended December 31, 2016		Six Months Ended December 31, 2015
	Percentage of Total Sales		Percentage of Total Sales
Next Generation Chemical Detector Partner	53	%	74	%
Department of Homeland Security Science and Technology Directorate Partner	47	%	—	%
A Japanese Aerospace Company	—	%	26	%

The Company maintains funds in bank accounts that may exceed the limit insured by the Federal Deposit Insurance Corporation (“FDIC”) of $250,000 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.

December 31, 2016

June 30, 2016

Percentage of Trade A/R

Percentage of Trade A/R

Next Generation Chemical Detector Partner

Department of Homeland Security Science and Technology Directorate Partner