General form of registration statement for all companies including face-amount certificate companies

Related Party Transactions (Tables)

v3.8.0.1
Related Party Transactions (Tables)
12 Months Ended
Jun. 30, 2017
Related Party Transactions [Abstract]  
Schedule of future revenue from sales

Future revenue from sales utilizing the amplifier technology will result in a license fee paid to Big Red according to the following schedule:

 

Net Sales   Royalty Percentage  
$0 - $500,000     5.00 %
$500,000 - $1,000,000     4.00 %
$1,000,000 - $2,000,000     3.50 %
$2,000,000 – $5,000,000     3.00 %
$5,000,001 and over     2.00 %