Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.4.0.3
Segment Reporting
 9 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
15.
Segment Reporting
 
As discussed above, iBio Brazil began operations in the first quarter of fiscal 2015. In accordance with FASB ASC 280, “Segment Reporting,” the Company discloses financial and descriptive information about its reportable geographic segments. Geographic segments are components of an enterprise about which separate financial information is available and regularly evaluated by the chief operating decision maker in deciding how to allocate resources and in assessing performance.
 
Three months ended March 31, 2016
 
United States
 
Brazil
 
Total
 
 
 
 
 
 
 
 
 
Net revenues
 
$
379
 
$
-
 
$
379
 
Research and development expenses
 
 
1,048
 
 
-
 
 
1,048
 
General and administrative expenses
 
 
2,398
 
 
5
 
 
2,403
 
Operating loss
 
 
(3,067)
 
 
(5)
 
 
(3,072)
 
 
Three months ended March 31, 2015
 
United States
 
Brazil
 
Total
 
 
 
 
 
 
 
 
 
Net revenues
 
$
349
 
$
-
 
$
349
 
Research and development expenses
 
 
815
 
 
-
 
 
815
 
General and administrative expenses
 
 
1,187
 
 
35
 
 
1,222
 
Operating loss
 
 
(1,653)
 
 
(35)
 
 
(1,688)
 
 
Nine months ended March 31, 2016
 
United States
 
Brazil
 
Total
 
 
 
 
 
 
 
 
 
Net revenues
 
$
673
 
$
-
 
$
673
 
Research and development expenses
 
 
2,303
 
 
-
 
 
2,303
 
General and administrative expenses
 
 
5,492
 
 
17
 
 
5,509
 
Operating loss
 
 
(7,122)
 
 
(17)
 
 
(7,139)
 
 
Nine months ended March 31, 2015
 
United States
 
Brazil
 
Total
 
 
 
 
 
 
 
 
 
Net revenues
 
$
1,535
 
$
-
 
$
1,535
 
Research and development expenses
 
 
2,731
 
 
-
 
 
2,731
 
General and administrative expenses
 
 
3,488
 
 
86
 
 
3,574
 
Operating loss
 
 
(4,684)
 
 
(86)
 
 
(4,770)
 
 
Total Assets for the Business Segments
 
United States
 
Brazil
 
Total
 
 
 
 
 
 
 
 
 
March 31, 2016 (unaudited)
 
$
50,642
 
$
23
 
$
50,665
 
June 30, 2015
 
 
12,448
 
 
46
 
 
12,494