Subsequent Events |
6 Months Ended |
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Dec. 31, 2021 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
25. Subsequent Events Issuances of stock options On January 16, 2022, the Company granted stock option agreements to two consultants to purchase a total of 30,000 shares of Common Stock at an exercise price of $0.52 per share. The option vests over a period of one year and expires on the tenth anniversary of the grant date. Fraunhofer License Agreement On February 9, 2022, the Company received the first $900,000 payment under the license agreement with FhUSA. The Company has determined that the collection of the license fees is reasonably assured and, in accordance with ASU 2014-09, Revenue from Contracts with Customers (Topic 606), the Company will recognize license revenue related to the license fees and record a receivable for the second payment in the third quarter of 2022. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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