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Business Risk and Credit Risk Concentration Involving Cash

12 Months Ended

Jun. 30, 2016

Risks and Uncertainties [Abstract]

Business Risk and Credit Risk Concentration Involving Cash

Business Risk and Credit Risk Concentration Involving Cash

For the year ended June 30, 2016, the Company had three customers that together comprised 100% of the Company’s revenue. All of the Company’s revenue for the year ended June 30, 2015 came from one customer. The following tables summarize the concentrations of sales and trade accounts receivable percentages for the Company’s three customers:

		Year Ended    June 30, 2016			Year Ended    June 30, 2015
		Percentage of Total Sales			Percentage of Total Sales
NGCD Partner		61	%		100	%
DHS S&T Partner		30	%		—	%
A Japanese aerospace company		9	%		—	%

		June 30, 2016			June 30, 2015
		Percentage of Trade A/R			Percentage of Trade A/R
NGCD Partner		—	%		—	%
DHS S&T Partner		100	%		—	%
A Japanese aerospace company		—	%		—	%

The Company maintains funds in bank accounts that may exceed the limit insured by the Federal Deposit Insurance Corporation

(the “FDIC”). In October 2008 the FDIC increased its insurance to $250,000 per depositor. The risk of loss attributable to these uninsured balances is mitigated by depositing funds in what the Company believes to be high credit quality financial institutions. The Company has not experienced any losses in such accounts.

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- 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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6327-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13531-108611

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6404-108592

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6442-108592

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6351-108592

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13537-108611

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- References

No definition available.

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