Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.19.1
Segment Information
9 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Segment Information

Note 14. 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 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 nine months ended March 31, 2019 and 2018 are as follows: 

  

    Foundry/
Fabrication
Services
    RF Product     Total  
                   
Three months ended March 31, 2019                        
Revenue   $ 159,118     $ 78,345     $ 237,463  
Grant revenue                  
Total Revenue     159,118       78,345       237,463  
Cost of revenue     176,527       122,906       299,433  
Gross margin     (17,409 )     (44,561 )     (61,970 )
Research and development           5,547,341       5,547,341  
General and administrative           2,460,328       2,460,328  
Income (Loss) from Operations   $ (17,409 )   $ (8,052,230 )   $ (8,069,639 )
                         
Three months ended March 31, 2018                        
Revenue   $ 255,160     $ 29,248     $ 284,408  
Grant revenue                  
Total Revenue     255,160       29,248       284,408  
Cost of revenue     304,528       3,760       308,288  
Gross margin     (49,368 )     25,488       (23,880 )
Research and development           3,044,957       3,044,957  
General and administrative           2,441,992       2,441,992  
Income (Loss) from Operations   $ (49,368 )   $ (5,461,461 )   $ (5,510,829 )
                         
Nine months ended March 31, 2019                        
Revenue   $ 566,970     $ 197,318     $ 764,288  
Grant revenue           109,472       109,472  
Total Revenue     566,970       306,790       873,760  
Cost of revenue     665,908       147,315       813,223  
Gross margin     (98,938 )     159,475       60,537  
Research and development           14,475,770       14,475,770  
General and administrative           6,705,626       6,705,626  
Income (Loss) from Operations   $ (98,938 )   $ (21,021,921 )   $ (21,120,859 )
                         
Nine months ended March 31, 2018                        
                         
Revenue   $ 844,893     $ 37,776     $ 882,669  
Grant revenue           147,232       147,232  
Total Revenue     844,893       185,008       1,029,901  
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 )
                         
As of March 31, 2019                        
Accounts receivable   $ 80,995     $ 78,351     $ 159,346  
Property and equipment, net     295,511       15,189,359       15,484,870  
                         
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