| Schedule of revenue and operating profit (loss) |
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 |
|
|