Other Receivable and Prepaid Expenses
|3 Months Ended|
Sep. 30, 2017
|Other Receivable and Prepaid Expenses [Abstract]|
|OTHER RECEIVABLE AND PREPAID EXPENSES||
NOTE 3 - OTHER RECEIVABLE AND PREPAID EXPENSES
New York City allows investors and owners of merging technology companies focused on biotechnology to claim a tax credit against the General Corporation Tax and Unincorporated Business Tax for amounts paid or incurred for certain facilities, operations, and employee training in New York City. As of September 30, 2017 and June 30, 2017, the Company had other receivables of biotechnology tax credits from New York City of approximately $151,000 and $232,000 respectively.
Prepaid expenses consisted of the following (rounded to nearest $00):