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Business Risk and Credit Risk Concentration Involving Cash | 12 Months Ended
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Jun. 30, 2021
Risks And Uncertainties [Abstract] |
Business Risk and Credit Risk Concentration Involving Cash | (9) Business Risk and Credit Risk Concentration Involving Cash For the fiscal year ended June 30, 2021, the Company had two customers that substantially comprised all of the Company’s revenue; these two customers were located in Europe. All of the Company’s revenue for the fiscal year ended June 30, 2020 came from one customer. The Company maintains funds in bank accounts that may exceed the limit insured by the Federal Deposit Insurance Corporation (the “FDIC”). 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI http://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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