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Note 9 - Business Risk and Credit Risk Concentration Involving Cash
12 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

(9) Business Risk and Credit Risk Concentration Involving Cash

 

For the fiscal year ended June 30, 2024, the Company had three customers that substantially comprised all of the Company’s revenue. For the fiscal year ended  June 30, 2023, the Company had four customers that substantially comprised all of the Company’s revenue.  Additionally, the material amount of the company's receivables was compromised by one company for the fiscal year ended June 30, 2024, and two companies for the fiscal year ended  June 30, 2023.

 

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.