XML 56 R12.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Royalty Receivable
6 Months Ended
Dec. 31, 2019
Royalty Receivable [Abstract]  
ROYALTY RECEIVABLE

(6) ROYALTY RECEIVABLE

 

On June 16, 2006, the Company entered into a Royalty Agreement with Bioscan Inc. whereby the Company established a licensing relationship with Bioscan which granted Bioscan an exclusive sublicensable, royalty-bearing license to make, use, offer for sale, import and otherwise develop and commercialize products in its territory. Bioscan Inc. was subsequently purchased by TriFoil Imaging. During the six months ended December 31, 2019 and 2018, there was no royalty income. As of December 31, 2019 and June 30, 2019, the Company had a royalty receivable balance of $0 and $0, respectively.