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Concentrations
9 Months Ended
Jun. 30, 2021
Risks and Uncertainties [Abstract]  
Concentrations

NOTE 10 – Concentrations

 

Credit Risk

 

Financial instruments that potentially subject the Company to a concentration of credit risk consist of cash. The Company’s cash is held by one financial institution in the United States. Amounts on deposit may at times exceed federally insured limits. The Company has not experienced any losses on its deposits since inception, and management believes that minimal credit risk exists with respect to these financial institutions. As of June 30, 2021, the Company had $8.5 million of deposits in excess of federally insured amounts.

 

Revenue

 

One customer accounts for all of the Company’s product and collaborations revenue.

 

Supplier concentration

 

One contract manufacturer produces all of the Company’s Strip/Grid Products.