Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.10.0.1
Segment Information
 12 Months Ended
Jun. 30, 2018
Segment Information  
Segment Information

Note 15. 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 records all of its general and administrative costs in the RF Filters segment.

 

The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the years ended June 30, 2018 and 2017 are as follows: 

      

    Foundry
Fabrication
Services		     RF Filters     Total  
                   
Year ended June 30, 2018                        
Revenue   $ 1,006,993     $ 53,640     $ 1,060,633  
Grant revenue     —       147,232       147,232  
Cost of revenue     1,016,413       3,077       1,019,490  
Gross margin     (9,420)       197,795       188,375  
Research and development     —       13,266,975       13,266,975  
General and administrative     —       8,804,103       8,804,103  
Other operating expenses     —       395,025       395,025  
Income/(Loss) from Operations   $ (9,420)     $ (22,268,308 )   $ (22,277,728 )
                         
Year ended June 30, 2017                        
Revenue   $ 14,500     $ 471,996     $ 486,496  
Cost of revenue     —       —       —  
Gross margin     14,500       471,996       486,496  
Research and development     —       5,013,260       5,013,260  
General and administrative     —       6,156,807       6,156,807  
Loss from Operations   $ 14,500     $ (10,698,071 )   $ (10,683,571 )
                         
As of June 30, 2018                        
Accounts receivable   $ 191,846     $ 22,813     $ 214,659  
Property and equipment     465,360       12,354,809       12,820,169  
                         
As of June 30, 2017                        
Accounts receivable   $ —     $ —     $ —  
Property and equipment     424,174       7,429,640       7,853,814