Annual report pursuant to Section 13 and 15(d)

Basis of presentation and summary of significant accounting policies (Tables)

v3.21.2
Basis of presentation and summary of significant accounting policies (Tables)
12 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Summary of foreign currency translation and other comprehensive income (loss)
As of June 30, 2021, and 2020, the exchange rates used to translate amounts in Australian dollars into USD for the purposes of preparing the consolidated financial statements were as follows:
 
    
June 30,
2021
    
June 30,
2020
 
Exchange rate on balance sheet dates
     
USD: AUD Exchange Rate
     0.7506        0.6877  
Average exchange rate for the period
     
USD: AUD Exchange Rate
     0.7470        0.6711  
Summary of property and equipment
Depreciation and amortization of property and equipment is calculated using the straight-line basis over the following estimated useful lives:
 
Software
  
3-4
years
Lab equipment
  
3-7
years
Computer hardware
  
3-5
years
Leasehold improvements
  
shorter of the lease term or estimated useful lives