SUBSEQUENT EVENT

12 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

SUBSEQUENT EVENT

NOTE 17 – SUBSEQUENT EVENT

On September 5, 2018, the Company completed a registered direct offering, pursuant to a Registration Statement on Form S-3, of 11,334,616 shares of Common Stock at a price of $0.26 per share for net proceeds of $2.7 million, after deducting customary expenses. Investors include members of the Company’s board of directors who are purchasing $600,000 of shares.

The following table sets forth total EnSync, Inc. equity as of June 30, 2018 on an actual basis and on a pro forma basis giving effect to the registered direct offering:

Total Ensync, Inc. equity as of June 30, 2018:
As reported	$	5,086,343
Net proceeds from registered direct offering		2,715,710
Pro forma as of June 30, 2018	$	7,802,053