Equity Investment (Tables)
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12 Months Ended |
Jun. 30, 2022 |
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| Equity Investment |
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| Schedule of equity investments |
Investment Name | | Ownership Interest | | | Carrying Amount | | BT BeaMedical Technologies Limited (“BTL”) | | | 35.7 | % | | | | Total contributions | | | | | | $ | 4,000,000 | | Less: Share of the loss in investment in BTL | | | | | | | (22,000 | ) | Equity losses in excess of investment | | | | | | $ | 3,978,000 | |
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| Summary of balance sheet for the Company's equity method investee |
Current assets | | | | Cash | | $ | 3,850,000 | | Other current assets | | | 1,000 | | Total assets | | $ | 3,851,000 | | Current liabilities | | $ | (195.000 | ) | Total liabilities | | $ | (195,000 | ) |
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| Summary of income statement information for equity method investee |
Net sales and revenue | | $ | - | | Research and development costs | | | 7,000 | | Administrative expenses | | | 55,000 | | Total operating expense | | $ | 62,000 | | Loss from operations | | $ | 62,000 | | Other expense | | | 1,000 | | Net loss | | $ | 63,000 | |
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