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Subsequent Events | 12 Months Ended
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Jun. 30, 2021
Subsequent Events [Abstract] |
Subsequent Events | 16. SUBSEQUENT EVENTS In July 2021, the Company entered into a license agreement with a headphone manufacturer. Under the terms of the license agreement, the licensee has rights to use certain intellectual property in headphones that are soon to be released.. The licensee proactively sought a license for use of the intellectual property, based on knowledge of the Company’s enforcement campaign, because they believed their products may potentially infringe on the Company’s intellectual property. The licensee is not part of the Company’s current lawsuits. The agreement included a one-time license fee reflecting an early adopter discount, which was fully paid in July 2021. The Company now has two licenses in place for various patents in the portfolio.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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