Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.8.0.1
Segment Information
 3 Months Ended
Sep. 30, 2017
Segment Information  
Segment Information

Note 13. Segment Information

  

Operating segments are defined as components of an enterprise about which separate financial information is available and that is 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 the Chief Executive Officer. The Company operates in two segments, Foundry Fabrication Services and RF Filters. 

 

The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the three months ended September 30, 2017 and 2016 are as follows: 

 

    Foundry Fabrication Services     RF Filters     Total  
                   
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  
Loss from Operations   $ 104,871     $ (4,834,147 )   $ (4,729,276 )
                         
Three months ended September 30, 2016                        
Revenue   $ —     $ —     $ —  
Cost of revenue     —       —       —  
Gross margin     —       —       —  
Research and development     —       652,576       652,576  
General and administrative     —       1,263,243       1,263,243  
Loss from Operations   $ —     $ (1,915,819 )   $ (1,915,819 )
                         
As of September 30, 2017                        
Accounts receivable   $ 301,580     $ 3,040     $ 304,620  
As of June 30, 2017                        
Accounts receivable   $ —     $ —     $ —