Related party transactions |
12 Months Ended |
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Jun. 30, 2021 | |
| Related Party Transactions [Abstract] | |
| Related party transactions |
13. Related party transactions In December 2018, the Company accrued a milestone payment of $300,000 (AUD 425,411) payable to NantWorks, LLC pursuant to a sublicense agreement. It was later determined that the milestone was not required to be paid and therefore the accrual was reversed in December 2019. NantWorks, LLC is an affiliate of Nant Capital which owned 26.44% of the issued and outstanding common stock of the Company as of June 30, 2020. During the year ended June 30, 2021, the Company had entered into a related party transaction with Francis Abourizk Lightowlers for legal fees totaling $2
thousand. Peter Francis, a non-executive director of the Company is a partner at Francis Abourizk Lightowlers. As of June 30, 2021 there was an amount due to this related party of $ 2 thousand included in trade and other payables on the accompanying consolidated balance sheet. |
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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