| 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 nine months ended March 31, 2018 and 2017 are as follows:
| |
|
Foundry
Fabrication
Services |
|
|
RF
Filters |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| Three months ended March 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
255,160 |
|
|
$ |
29,248 |
|
|
$ |
284,408 |
|
| Cost of revenue |
|
|
304,528 |
|
|
|
3,760 |
|
|
|
308,288 |
|
| Gross (loss)/profit |
|
|
(49,368 |
) |
|
|
25,488 |
|
|
|
(23,880 |
) |
| Research and development |
|
|
— |
|
|
|
3,044,957 |
|
|
|
3,044,957 |
|
| General and administrative |
|
|
— |
|
|
|
2,441,992 |
|
|
|
2,441,992 |
|
| Loss from Operations |
|
$ |
(49,368 |
) |
|
$ |
(5,461,461 |
) |
|
$ |
(5,510,829 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended March 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
— |
|
|
$ |
308,964 |
|
|
$ |
308,964 |
|
| Cost of revenue |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Gross margin |
|
|
— |
|
|
|
308,964 |
|
|
|
308,964 |
|
| Research and development |
|
|
— |
|
|
|
1,162,138 |
|
|
|
1,162,138 |
|
| General and administrative |
|
|
— |
|
|
|
1,203,641 |
|
|
|
1,203,641 |
|
| Loss from Operations |
|
$ |
— |
|
|
$ |
(2,056,815 |
) |
|
$ |
(2,056,815 |
) |
| |
|
Foundry
Fabrication Services |
|
RF
Filters |
|
Total |
| |
|
|
|
|
|
|
| Nine months ended
March 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
844,893 |
|
|
$ |
37,776 |
|
|
$ |
882,669 |
|
| Grant
revenue |
|
|
— |
|
|
|
147,232 |
|
|
|
147,232 |
|
| 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 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nine months ended
March 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
— |
|
|
$ |
468,032 |
|
|
$ |
468,032 |
|
| Cost
of revenue |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Gross
margin |
|
|
— |
|
|
|
468,032 |
|
|
|
468,032 |
|
| Research
and development |
|
|
— |
|
|
|
2,590,698 |
|
|
|
2,590,698 |
|
| General
and administrative |
|
|
— |
|
|
|
4,533,652 |
|
|
|
4,533,652 |
|
| Loss
from Operations |
|
$ |
— |
|
|
$ |
(6,656,318 |
) |
|
$ |
(6,656,318 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As
of March 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts
receivable |
|
$ |
508,012 |
|
|
$ |
10,908 |
|
|
$ |
518,920 |
|
| Property
and equipment |
|
|
470,530 |
|
|
|
11,765,021 |
|
|
|
12,235,551 |
|
| As
of June 30, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts
receivable |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Property
and equipment |
|
|
424,174 |
|
|
|
7,429,640 |
|
|
|
7,853,814 |
|
|