Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.8.0.1
Segment Information
6 Months Ended
Dec. 31, 2017
Segment Information  
Segment Information

Note 13. Segment Information

 

Operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker, or decision–making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is its Chief Executive Officer. The Company operates in two segments, Foundry Fabrication Services which consists of engineering review services and STC-MEMS foundry services; and RF Filters which consists of amplifier and filter product sales, and grant revenue.

 

The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the three and six months ended December 31, 2017 and 2016 are as follows:

 

    Foundry Fabrication Services     RF Filters     Total  
                   
Three months ended December 31, 2017                        
Revenue   $ 291,833     $ 5,488     $ 297,321  
Grant revenue           147,232       147,232  
Cost of revenue     329,556       280       329,836  
Gross margin     (37,723 )     152,440       114,717  
Research and development           3,473,031       3,473,031  
General and administrative           2,189,904       2,189,904  
Loss from Operations   $ (37,723 )   $ (5,510,495 )   $ (5,548,218 )
                         
Three months ended December 31, 2016                        
Revenue   $     $ 159,068     $ 159,068  
Cost of revenue                  
Gross margin           159,068       159,068  
Research and development           775,984       775,984  
General and administrative           2,066,768       2,066,768  
Loss from Operations   $     $ (2,683,684 )   $ (2,683,684 )

 

    Foundry Fabrication Services     RF Filters     Total  
                   
Six months ended December 31, 2017                        
Revenue   $ 589,733     $ 8,528     $ 598,261  
Grant revenue           147,232       147,232  
Cost of revenue     522,585       480       523,065  
Gross margin     67,148       155,280       222,428  
Research and development           6,477,396       6,477,396  
General and administrative           4,022,526       4,022,526  
Loss from Operations   $ 67,148     $ (10,344,642 )   $ (10,277,494 )
                         
Six months ended December 31, 2016                        
Revenue   $     $ 159,068     $ 159,068  
Cost of revenue                  
Gross margin           159,068       159,068  
Research and development           1,428,560       1,428,560  
General and administrative           3,330,011       3,330,011  
Loss from Operations   $     $ (4,599,503 )   $ (4,599,503 )
                         
As of December 31, 2017                        
Accounts receivable   $ 296,909     $ 1,888     $ 298,797  
Property and Equipment     424,174       12,475,463       12,899,637  
As of June 30, 2017                        
Accounts receivable   $     $     $  
Property and Equipment     424,174       7,575,651       7,999,825