| 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, 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 |
|
|