| 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, 2018 and 2017 are as follows:
| |
|
Foundry
Fabrication
Services |
|
|
RF
Product |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| Three months ended December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
259,770 |
|
|
$ |
63,506 |
|
|
$ |
323,276 |
|
| Grant
revenue |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total
Revenue |
|
|
259,770 |
|
|
|
63,506 |
|
|
|
323,276 |
|
| Cost
of revenue |
|
|
356,353 |
|
|
|
13,593 |
|
|
|
369,946 |
|
| Gross margin |
|
|
(96,583 |
) |
|
|
49,913 |
|
|
|
(46,670 |
) |
| Research and development |
|
|
— |
|
|
|
4,522,247 |
|
|
|
4,522,247 |
|
| General
and administrative |
|
|
— |
|
|
|
1,785,758 |
|
|
|
1,785,758 |
|
| Income
(Loss) from Operations |
|
$ |
(96,583 |
) |
|
$ |
(6,258,092 |
) |
|
$ |
(6,354,675 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
291,833 |
|
|
$ |
5,488 |
|
|
$ |
297,321 |
|
| Grant
revenue |
|
|
— |
|
|
|
147,232 |
|
|
|
147,232 |
|
| Total
Revenue |
|
|
291,833 |
|
|
|
152,720 |
|
|
|
444,553 |
|
| 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 |
|
| Income (Loss)
from Operations |
|
$ |
(37,723 |
) |
|
$ |
(5,510,495 |
) |
|
$ |
(5,548,218 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Six months ended December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
407,851 |
|
|
$ |
118,974 |
|
|
$ |
526,825 |
|
| Grant
revenue |
|
|
— |
|
|
|
109,472 |
|
|
|
109,472 |
|
| Total
Revenue |
|
|
407,851 |
|
|
|
228,446 |
|
|
|
636,297 |
|
| Cost
of revenue |
|
|
489,380 |
|
|
|
24,410 |
|
|
|
513,790 |
|
| Gross margin |
|
|
(81,529 |
) |
|
|
204,036 |
|
|
|
122,507 |
|
| Research and development |
|
|
— |
|
|
|
8,928,429 |
|
|
|
8,928,429 |
|
| General
and administrative |
|
|
— |
|
|
|
4,245,298 |
|
|
|
4,245,298 |
|
| Income (Loss)
from Operations |
|
$ |
(81,529 |
) |
|
$ |
(12,969,691 |
) |
|
$ |
(13,051,220 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Six months ended
December 31, 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
589,733 |
|
|
$ |
8,528 |
|
|
$ |
598,261 |
|
| Grant
revenue |
|
|
— |
|
|
|
147,232 |
|
|
|
147,232 |
|
| Total Revenue |
|
|
589,733 |
|
|
|
155,760 |
|
|
|
745,493 |
|
| 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 |
|
| Income (Loss)
from Operations |
|
$ |
67,148 |
|
|
$ |
(10,344,642 |
) |
|
$ |
(10,277,494 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts receivable |
|
$ |
252,870 |
|
|
$ |
59,753 |
|
|
$ |
312,623 |
|
| Property and equipment,
net |
|
|
320,489 |
|
|
|
13,062,068 |
|
|
|
13,382,557 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|