Transition report pursuant to Rule 13a-10 or 15d-10

Related Party Transactions (Tables)

v3.5.0.2
Related Party Transactions (Tables)
12 Months Ended
Jun. 30, 2016
Related Party Transactions Tables  
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 %