XML 79 R14.htm IDEA: XBRL DOCUMENT v3.25.1

Concentration of Credit Risk and Significant Customers

6 Months Ended

12 Months Ended

Dec. 31, 2024

Jun. 30, 2024

Concentration of Credit Risk and Significant Customers [Abstract]

Concentration of Credit Risk and Significant Customers

Note 8 – Concentration of Credit Risk and Significant Customers

The Company manages its credit risk associated with exposure to its direct customers on outstanding accounts receivable through the application of credit approvals and other monitoring procedures. The Company closely monitors the aging of accounts receivable from its direct customers. Significant customers are those that represent 10% or more of revenue or accounts receivable.

Total revenues, by percentage, from individual customers representing 10% or more of total revenues in the respective periods were as follows:

		Three Months Ended December 31								Six Months Ended December 31,
		2024				2023				2024				2023
Customer A			*				46.8	%			11.4	%			41.6	%
Customer B			*				53.2	%			*				47.4	%
Customer C			*				*				*				*
Customer D			*				*				*				*
Customer E			76.2	%			*				58.7	%			*
Customer F			*				*				*				11.0	%
Customer G			*				*				*				*

* Less than 10% of total

Accounts receivable, by percentage, from individual customers representing 10% or more of accounts receivable are set forth in the following table:

		As of
		December 31, 2024				June 30, 2023
Customer A			*				*
Customer B			*				*
Customer C			*				18.3	%
Customer D			*				27.7	%
Customer E			80.2	%			*
Customer F			*				*
Customer G			11.4	%			53.9	%

* Less than 10% of total

Customer A, B, C, D and E are government agencies.

Note 7 – Concentration of Credit Risk and Significant Customers

The Company manages its credit risk associated with exposure to its direct customers on outstanding accounts receivable through the application of credit approvals and other monitoring procedures. The Company closely monitors the aging of accounts receivable from its direct customers. Significant customers are those that represent 10% or more of revenue or accounts receivable.

Total revenues, by percentage, from individual customers representing 10% or more of total revenues in the respective periods were as follows:

		Year Ended June 30,
		2024				2023
Customer A			36.2	%			92.2	%
Customer B			30.5				*
Customer C			17.3				*
Customer D			*				*
Customer E			*				*

* Less than 10% of total

Accounts receivable, by percentage, from individual customers representing 10% or more of accounts receivable are set forth in the following table:

		As of June 30,
		2024				2023
Customer A			*				94.2	%
Customer B			*				*
Customer C			18.3	%			*
Customer D			27.7				*
Customer E			53.9				*

* Less than 10% of total

Customer A, B, C and D are government agencies.

X

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/275/tableOfContent

+ Details

Name:	us-gaap_ConcentrationRiskDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RisksAndUncertaintiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration