| 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 Product which consists of amplifier and filter product sales, and grant revenue. The Company records all of
its general and administrative costs in the RF Product segment.
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, 2018 and 2017 are as follows:
| |
|
Foundry
Fabrication
Services |
|
|
RF
Product |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| Three months ended December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
259,770 |
|
|
$ |
63,506 |
|
|
$ |
323,276 |
|
| Grant
revenue |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total
Revenue |
|
|
259,770 |
|
|
|
63,506 |
|
|
|
323,276 |
|
| Cost
of revenue |
|
|
356,353 |
|
|
|
13,593 |
|
|
|
369,946 |
|
| Gross margin |
|
|
(96,583 |
) |
|
|
49,913 |
|
|
|
(46,670 |
) |
| Research and development |
|
|
— |
|
|
|
4,522,247 |
|
|
|
4,522,247 |
|
| General
and administrative |
|
|
— |
|
|
|
1,785,758 |
|
|
|
1,785,758 |
|
| Income
(Loss) from Operations |
|
$ |
(96,583 |
) |
|
$ |
(6,258,092 |
) |
|
$ |
(6,354,675 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
291,833 |
|
|
$ |
5,488 |
|
|
$ |
297,321 |
|
| Grant
revenue |
|
|
— |
|
|
|
147,232 |
|
|
|
147,232 |
|
| Total
Revenue |
|
|
291,833 |
|
|
|
152,720 |
|
|
|
444,553 |
|
| 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 |
|
| Income (Loss)
from Operations |
|
$ |
(37,723 |
) |
|
$ |
(5,510,495 |
) |
|
$ |
(5,548,218 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Six months ended December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
407,851 |
|
|
$ |
118,974 |
|
|
$ |
526,825 |
|
| Grant
revenue |
|
|
— |
|
|
|
109,472 |
|
|
|
109,472 |
|
| Total
Revenue |
|
|
407,851 |
|
|
|
228,446 |
|
|
|
636,297 |
|
| Cost
of revenue |
|
|
489,380 |
|
|
|
24,410 |
|
|
|
513,790 |
|
| Gross margin |
|
|
(81,529 |
) |
|
|
204,036 |
|
|
|
122,507 |
|
| Research and development |
|
|
— |
|
|
|
8,928,429 |
|
|
|
8,928,429 |
|
| General
and administrative |
|
|
— |
|
|
|
4,245,298 |
|
|
|
4,245,298 |
|
| Income (Loss)
from Operations |
|
$ |
(81,529 |
) |
|
$ |
(12,969,691 |
) |
|
$ |
(13,051,220 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Six months ended
December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
589,733 |
|
|
$ |
8,528 |
|
|
$ |
598,261 |
|
| Grant
revenue |
|
|
— |
|
|
|
147,232 |
|
|
|
147,232 |
|
| Total Revenue |
|
|
589,733 |
|
|
|
155,760 |
|
|
|
745,493 |
|
| 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 |
|
| Income (Loss)
from Operations |
|
$ |
67,148 |
|
|
$ |
(10,344,642 |
) |
|
$ |
(10,277,494 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
252,870 |
|
|
$ |
59,753 |
|
|
$ |
312,623 |
|
| Property and equipment,
net |
|
|
320,489 |
|
|
|
13,062,068 |
|
|
|
13,382,557 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of June 30, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
191,846 |
|
|
$ |
22,813 |
|
|
$ |
214,659 |
|
| Property and equipment,
net |
|
|
465,360 |
|
|
|
12,354,809 |
|
|
|
12,820,169 |
|
|