| 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 three and six months ended
December 31, 2017 and 2016 are as follows:
| |
|
Foundry Fabrication Services |
|
|
RF Filters |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| Three months ended December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
291,833 |
|
|
$ |
5,488 |
|
|
$ |
297,321 |
|
| Grant revenue |
|
|
— |
|
|
|
147,232 |
|
|
|
147,232 |
|
| 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 |
|
| Loss from Operations |
|
$ |
(37,723 |
) |
|
$ |
(5,510,495 |
) |
|
$ |
(5,548,218 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
— |
|
|
$ |
159,068 |
|
|
$ |
159,068 |
|
| Cost of revenue |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Gross margin |
|
|
— |
|
|
|
159,068 |
|
|
|
159,068 |
|
| Research and development |
|
|
— |
|
|
|
775,984 |
|
|
|
775,984 |
|
| General and administrative |
|
|
— |
|
|
|
2,066,768 |
|
|
|
2,066,768 |
|
| Loss from Operations |
|
$ |
— |
|
|
$ |
(2,683,684 |
) |
|
$ |
(2,683,684 |
) |
| |
|
Foundry Fabrication Services |
|
|
RF Filters |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| Six months ended December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
589,733 |
|
|
$ |
8,528 |
|
|
$ |
598,261 |
|
| Grant revenue |
|
|
— |
|
|
|
147,232 |
|
|
|
147,232 |
|
| 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 |
|
| Loss from Operations |
|
$ |
67,148 |
|
|
$ |
(10,344,642 |
) |
|
$ |
(10,277,494 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Six months ended December 31, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
— |
|
|
$ |
159,068 |
|
|
$ |
159,068 |
|
| Cost of revenue |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Gross margin |
|
|
— |
|
|
|
159,068 |
|
|
|
159,068 |
|
| Research and development |
|
|
— |
|
|
|
1,428,560 |
|
|
|
1,428,560 |
|
| General and administrative |
|
|
— |
|
|
|
3,330,011 |
|
|
|
3,330,011 |
|
| Loss from Operations |
|
$ |
— |
|
|
$ |
(4,599,503 |
) |
|
$ |
(4,599,503 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
296,909 |
|
|
$ |
1,888 |
|
|
$ |
298,797 |
|
| Property and Equipment |
|
|
424,174 |
|
|
|
12,475,463 |
|
|
|
12,899,637 |
|
| As of June 30, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Property and Equipment |
|
|
424,174 |
|
|
|
7,575,651 |
|
|
|
7,999,825 |
|
|