Annual report pursuant to Section 13 and 15(d)

Segment Reporting

v3.5.0.2
Segment Reporting
 12 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
17.
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.
 
Year ended June 30, 2016
 
United States
 
Brazil
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Net revenues
 
$
948
 
$
-
 
$
948
 
Research and development expenses
 
 
3,156
 
 
-
 
 
3,156
 
General and administrative expenses
 
 
7,663
 
 
22
 
 
7,685
 
Operating loss
 
 
(9,871)
 
 
(22)
 
 
(9,893)
 
Interest expense
 
 
(807)
 
 
-
 
 
(807)
 
Interest and other income
 
 
43
 
 
-
 
 
43
 
Consolidated net loss
 
 
(10,635)
 
 
(22)
 
 
(10,657)
 
Total assets
 
 
51,580
 
 
20
 
 
51,600
 
Fixed assets, net
 
 
25,574
 
 
-
 
 
25,574
 
Intangible assets, net
 
 
2,092
 
 
-
 
 
2,092
 
Depreciation expense
 
 
575
 
 
2
 
 
577
 
Amortization of intangible assets
 
 
363
 
 
-
 
 
363
 
 
Year ended June 30, 2015
 
United States
 
Brazil
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Net revenues
 
$
1,851
 
$
-
 
$
1,851
 
Research and development expenses
 
 
3,495
 
 
-
 
 
3,495
 
General and administrative expenses
 
 
4,929
 
 
93
 
 
5,022
 
Operating loss
 
 
(6,573)
 
 
(93)
 
 
(6,666)
 
Interest expense
 
 
-
 
 
-
 
 
-
 
Interest and other income
 
 
41
 
 
-
 
 
41
 
Consolidated net loss
 
 
(6,532)
 
 
(93)
 
 
(6,625)
 
Total assets
 
 
12,448
 
 
46
 
 
12,494
 
Fixed assets, net
 
 
3
 
 
10
 
 
13
 
Intangible assets, net
 
 
2,360
 
 
-
 
 
2,360
 
Depreciation expense
 
 
3
 
 
2
 
 
5
 
Amortization of intangible assets
 
 
358
 
 
-
 
 
358