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Business Risk and Credit Risk Concentration Involving Cash
9 Months Ended
Mar. 31, 2019
Risks And Uncertainties [Abstract]  
Business Risk and Credit Risk Concentration Involving Cash

(9) Business Risk and Credit Risk Concentration Involving Cash

 

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