Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Sep. 30, 2021
Summary of Significant Accounting Policies [Abstract]  
Schedule of Revenue recognition

Revenue can be recognized either 1) over time or 2) at a point in time and is summarized below (in thousands).

Three Months Ended

    

September 30, 

2021

2020

Revenue recognized at a point in time

$

211

$

410

Revenue recognized over time

 

 

Total revenue

$

211

$

410

Schedule of inventory

Inventory is stated at the lower of cost or net realizable value on the first-in, first-out basis.  Inventory consists of the following (table in thousands):

September 30, 

June 30,

2021

2021

Raw materials

$

487

$

Work in process

57

27

Finished goods

43

$

587

$

27