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Business Risk and Credit Risk Concentration Involving Cash
 12 Months Ended
Jun. 30, 2017
Risks and Uncertainties [Abstract]  
Business Risk and Credit Risk Concentration Involving Cash
Business Risk and Credit Risk Concentration Involving Cash
 
For the year ended June 30, 2017, the Company had two customers that together comprised all of the Company’s revenue. All of the Company’s revenue for the year ended June 30, 2016 came from three customers. The following tables summarize the concentrations of sales and trade accounts receivable percentages for the Company’s customers:
 
 
Year Ended  
 June 30, 2017
 
Year Ended  
 June 30, 2016
 
 
Percentage of Total Sales
 
Percentage of Total Sales
NGCD Partner
 
40
%
 
61
%
DHS S&T Partner
 
60
%
 
30
%
A Japanese aerospace company
 
—
%
 
9
%
 
 
June 30, 2017
 
June 30, 2016
 
 
Percentage of Trade A/R
 
Percentage of Trade A/R
DHS S&T Partner
 
100
%
 
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.