Business Risk and Credit Risk Concentration Involving Cash

12 Months Ended

Jun. 30, 2020

Risks And Uncertainties [Abstract]

Business Risk and Credit Risk Concentration Involving Cash

(9) Business Risk and Credit Risk Concentration Involving Cash

For the fiscal year ended June 30, 2020, the Company had one customer that substantially comprised all of the Company’s revenue. All of the Company’s revenue for the fiscal year ended June 30, 2019 came from two different customers. The following table summarizes the concentrations of sales for the Company’s customers:

		Percentage of Total Sales
Customer	Business Segment	Year Ended June 30, 2020			Year Ended June 30, 2019
Post-production film company	Astral		—			31	%
MMS distributor	1st Detect		—			69	%
Global shipping and logistics company	1st Detect		100	%		—

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.