Acquisition of the STC-MEMS Business (Details 1) - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Mar. 23, 2017 |
Jun. 30, 2017 |
Jun. 30, 2016 |
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| Assets acquired and liabilities assumed at fair value | |||
| Gain on bargain purchase | $ 1,725,881 | ||
| Smart Systems Technology & Commercialization Center (STC-MEMS) [Member] | |||
| Amount of consideration: | $ 4,576,591 | ||
| Assets acquired and liabilities assumed at fair value | |||
| Land | 1,000,000 | ||
| Building | 3,000,000 | ||
| Inventory | 96,049 | ||
| STC-MEMS equipment | 2,124,650 | ||
| Customer relationships | 81,773 | ||
| Net assets acquired | 6,302,472 | ||
| Total net assets acquired | 6,302,472 | ||
| Consideration paid | 4,576,591 | ||
| Gain on bargain purchase | $ 1,725,881 | ||
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- Definition Amount of assets acquired and liabilities assumed customer relationships. No definition available.
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- Definition In a business combination in which the amount of net identifiable assets acquired and liabilities assumed exceeds the aggregate consideration transferred or to be transferred (as defined), this element represents the amount of gain recognized by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of facility held for productive use including, but not limited to, office, production, storage and distribution facilities, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of tangible personal property used to produce goods and services, including, but is not limited to, tools, dies and molds, computer and office equipment, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of inventory recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of real estate acquired, at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount recognized for assets, including goodwill, in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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