Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.10.0.1
Segment Information
 3 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Information

Note 13. 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 three months ended September 30, 2018 and 2017 are as follows: 

 

    Foundry
Fabrication
Services		     RF Filters     Total  
                   
Three months ended September 30, 2018                        
Revenue   $ 148,082     $ 55,467     $ 203,549  
Grant revenue     —       109,472       109,472  
Total Revenue     148,082       164,939       313,021  
Cost of revenue     133,027       10,817       143,844  
Gross margin     15,055       154,122       169,177  
Research and development     —       4,406,182       4,406,182  
General and administrative     —       2,459,540       2,459,540  
Income (Loss) from Operations   $ 15,055     $ (6,711,600 )   $ (6,696,545 )
                         
Three months ended September 30, 2017                        
Revenue   $ 297,900     $ 3,040     $ 300,940  
Cost of revenue     193,029       200       193,229  
Gross margin     104,871       2,840       107,711  
Research and development     —       3,004,365       3,004,365  
General and administrative     —       1,832,622       1,832,622  
Income (Loss) from Operations   $ 104,871     $ (4,834,147 )   $ (4,729,276 )
                         
As of September 30, 2018                        
Accounts receivable   $ 275,442     $ 43,551     $ 318,993  
Property and equipment, net     453,109       12,838,587       13,291,696  
                         
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