v3.22.2.2
NOTE 1 - BASIS OF PRESENTATION: Cash and Cash Equivalents (Policies)
12 Months Ended
Jun. 30, 2022
Policies  
Cash and Cash Equivalents

Cash and Cash Equivalents

 

The Company considers highly liquid investments with insignificant interest rate risk and original maturities to the Company of three months or less to be cash equivalents. The Company maintains its cash in uninsured bank accounts in Germany. Cash and cash equivalents include time deposits for which the Company has no requirements for compensating balances. The Company has not experienced any losses in its uninsured bank accounts. The Company had no cash equivalents outstanding as of June 30, 2022 and 2021.