XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Business Risk and Credit Risk Concentration Involving Cash | 9 Months Ended
--- | ---
Mar. 31, 2016
Risks and Uncertainties [Abstract] |
Business Risk and Credit Risk Concentration Involving Cash | Business Risk and Credit Risk Concentration Involving Cash For the current fiscal year 2016, the Company has three customers that together comprise 100% of the Company’s revenue. All of the Company’s revenue during fiscal year 2015 came from one customer. The following tables summarize the concentrations of sales and accounts receivable percentages for our three customers:
|  | Three Months Ended March 31, 2016 |  | Three Months Ended March 31, 2015
|  | Percentage of Total Sales |  | Percentage of Total Sales
Battelle Memorial Institute |  | 11 | % |  | 100 | %
Smiths Detection Inc. |  | 89 | % |  | — | %
A Japanese Aerospace Company |  | — | % |  | — | %
Total |  | 100 | % |  | 100 | %
|  | Nine Months Ended March 31, 2016 |  | Nine Months Ended March 31, 2015
|  | Percentage of Total Sales |  | Percentage of Total Sales
Battelle Memorial Institute |  | 59 | % |  | 100 | %
Smiths Detection Inc. |  | 20 | % |  | — | %
A Japanese Aerospace Company |  | 21 | % |  | — | %
Total |  | 100 | % |  | 100 | %
|  | March 31, 2016 |  | June 30, 2015
|  | Percentage of Total A/R |  | Percentage of Total A/R
Battelle Memorial Institute |  | — | % |  | — | %
Smiths Detection Inc. |  | 79 | % |  | — | %
A Japanese Aerospace Company |  | — | % |  | — | %
Total |  | 79 | % |  | — | %
As of June 30, 2015, no customer comprised a material amount of accounts receivable. The Company maintains funds in bank accounts that may exceed the limit insured by the Federal Deposit Insurance Corporation (“FDIC”) of $250,000 per depositor. The risk of loss attributable to these uninsured balances is mitigated by depositing funds in what we believe to be high credit quality financial institutions. The Company has not experienced any losses in such accounts.

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://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 + Details
Name: | us-gaap_ConcentrationRiskDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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