Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.8.0.1
Segment Information
9 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Segment Information

Note 12. 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 nine months ended March 31, 2018 and 2017 are as follows: 

 

    Foundry
Fabrication
Services
    RF Filters     Total  
                   
Three months ended March 31, 2018                        
Revenue   $ 255,160     $ 29,248     $ 284,408  
Cost of revenue     304,528       3,760       308,288  
Gross (loss)/profit     (49,368 )     25,488       (23,880
Research and development           3,044,957       3,044,957  
General and administrative           2,441,992       2,441,992  
Loss from Operations   $ (49,368 )   $ (5,461,461 )   $ (5,510,829 )
                         
Three months ended March 31, 2017                        
Revenue   $     $ 308,964     $ 308,964  
Cost of revenue                  
Gross margin           308,964       308,964  
Research and development           1,162,138       1,162,138  
General and administrative           1,203,641       1,203,641  
Loss from Operations   $     $ (2,056,815 )   $ (2,056,815 )

 

    Foundry Fabrication Services   RF Filters   Total
             
Nine months ended March 31, 2018                        
Revenue   $ 844,893     $ 37,776     $ 882,669  
Grant revenue     —         147,232       147,232  
Cost of revenue     827,113       4,240       831,353  
Gross margin     17,780       180,768       198,548  
Research and development     —         9,522,353       9,522,353  
General and administrative     —         6,464,518       6,464,518  
Income/(Loss) from Operations   $ 17,780     $ (15,806,103 )   $ (15,788,323 )
                         
Nine months ended March 31, 2017                        
Revenue   $ —       $ 468,032     $ 468,032  
Cost of revenue     —         —         —    
Gross margin     —         468,032       468,032  
Research and development     —         2,590,698       2,590,698  
General and administrative     —         4,533,652       4,533,652  
Loss from Operations   $ —       $ (6,656,318 )   $ (6,656,318 )
                         
As of March 31, 2018                        
Accounts receivable   $ 508,012     $ 10,908     $ 518,920  
Property and equipment     470,530       11,765,021       12,235,551  
As of June 30, 2017                        
Accounts receivable   $ —       $ —       $ —    
Property and equipment     424,174       7,429,640       7,853,814