| Segment Information |
Note
14. 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 Product which
consists of amplifier and filter product sales, and grant revenue. The Company records all general and administrative costs in
the RF Product segment.
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, 2019 and 2018 are as follows:
| |
|
Foundry/
Fabrication
Services |
|
|
RF
Product |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| Three months ended
March 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
159,118 |
|
|
$ |
78,345 |
|
|
$ |
237,463 |
|
| Grant
revenue |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total
Revenue |
|
|
159,118 |
|
|
|
78,345 |
|
|
|
237,463 |
|
| Cost
of revenue |
|
|
176,527 |
|
|
|
122,906 |
|
|
|
299,433 |
|
| Gross
margin |
|
|
(17,409 |
) |
|
|
(44,561 |
) |
|
|
(61,970 |
) |
| Research
and development |
|
|
— |
|
|
|
5,547,341 |
|
|
|
5,547,341 |
|
| General
and administrative |
|
|
— |
|
|
|
2,460,328 |
|
|
|
2,460,328 |
|
| Income
(Loss) from Operations |
|
$ |
(17,409 |
) |
|
$ |
(8,052,230 |
) |
|
$ |
(8,069,639 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Three months ended
March 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
255,160 |
|
|
$ |
29,248 |
|
|
$ |
284,408 |
|
| Grant
revenue |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Total
Revenue |
|
|
255,160 |
|
|
|
29,248 |
|
|
|
284,408 |
|
| Cost
of revenue |
|
|
304,528 |
|
|
|
3,760 |
|
|
|
308,288 |
|
| Gross
margin |
|
|
(49,368 |
) |
|
|
25,488 |
|
|
|
(23,880 |
) |
| Research
and development |
|
|
— |
|
|
|
3,044,957 |
|
|
|
3,044,957 |
|
| General
and administrative |
|
|
— |
|
|
|
2,441,992 |
|
|
|
2,441,992 |
|
| Income
(Loss) from Operations |
|
$ |
(49,368 |
) |
|
$ |
(5,461,461 |
) |
|
$ |
(5,510,829 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nine months ended
March 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
566,970 |
|
|
$ |
197,318 |
|
|
$ |
764,288 |
|
| Grant
revenue |
|
|
— |
|
|
|
109,472 |
|
|
|
109,472 |
|
| Total
Revenue |
|
|
566,970 |
|
|
|
306,790 |
|
|
|
873,760 |
|
| Cost
of revenue |
|
|
665,908 |
|
|
|
147,315 |
|
|
|
813,223 |
|
| Gross
margin |
|
|
(98,938 |
) |
|
|
159,475 |
|
|
|
60,537 |
|
| Research
and development |
|
|
— |
|
|
|
14,475,770 |
|
|
|
14,475,770 |
|
| General
and administrative |
|
|
— |
|
|
|
6,705,626 |
|
|
|
6,705,626 |
|
| Income
(Loss) from Operations |
|
$ |
(98,938 |
) |
|
$ |
(21,021,921 |
) |
|
$ |
(21,120,859 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Nine
months ended March 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
844,893 |
|
|
$ |
37,776 |
|
|
$ |
882,669 |
|
| Grant
revenue |
|
|
— |
|
|
|
147,232 |
|
|
|
147,232 |
|
| Total
Revenue |
|
|
844,893 |
|
|
|
185,008 |
|
|
|
1,029,901 |
|
| 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 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| As of March 31,
2019 |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts
receivable |
|
$ |
80,995 |
|
|
$ |
78,351 |
|
|
$ |
159,346 |
|
| Property
and equipment, net |
|
|
295,511 |
|
|
|
15,189,359 |
|
|
|
15,484,870 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|