Equity Investment (Details Narrative) - USD ($) |
12 Months Ended | ||
---|---|---|---|
Jun. 09, 2022 |
Jun. 30, 2022 |
Jun. 30, 2021 |
|
Equity Investment contribution | $ 4,000,000 | $ 0 | |
Cash balance | 3,800,000 | ||
Equity in loss from equity investment | (22,000) | ||
Incurred a loss of BTL | $ 63,000 | ||
BT BeaMedical Technologies Limited ("BTL") [Member] | Purchase Agreement [Member] | |||
Description of Equity Investment | a company established under the laws of the State of Israel (“BTL”), pursuant to which the Company purchased 55,556 shares of BTL’s Series A Redeemable Preferred Shares (the “Series A Shares”) and a warrant to purchase 27,778 Series A Shares for aggregate consideration of $4,000,000, or approximately $72.00 per Series A Share. Following the closing under the Purchase Agreement, the Company owns approximately 35.7% of BTL’s issued and outstanding equity securities and approximately 41.6% of BTL’s equity securities on a fully diluted basis. |