Equity Investment (Details 1) - USD ($) |
1 Months Ended | 12 Months Ended | |
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Jun. 30, 2022 |
Jun. 30, 2022 |
Jun. 30, 2021 |
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Equity Investment (Details) | |||
Cash | $ 3,850,000 | $ 3,850,000 | |
Other current assets | 1,000 | 1,000 | |
Total assets | 3,851,000 | 3,851,000 | |
Current liabilities | 195.000 | 195.000 | |
Total liabilities | 195,000 | 195,000 | |
Net sales and revenue | 0 | ||
Research and development costs | 7,000 | 4,814,000 | $ 7,016,000 |
Administrative expenses | 55,000 | ||
Total operating expense | 62,000 | 6,917,000 | 9,015,000 |
Loss from operations | 62,000 | (6,921,000) | (9,015,000) |
Other expense | 1,000 | 120,000 | 4,857,000 |
Net loss | $ 63,000 | $ (7,041,000) | $ (13,872,000) |
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- Definition Amount of expense for administrative services provided to the limited liability company (LLC) or limited partnership (LP) by the managing member or general partner, affiliate of managing member or general partner, or affiliate of LLC or LP, for example, but not limited to, salaries, rent, or overhead costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current assets classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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