Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.8.0.1
Segment Reporting
3 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
15.
Segment Reporting
 
In accordance with FASB ASC 280, “Segment Reporting,” the Company discloses financial and descriptive information about its reportable segments. The Company operates in two segments, iBio, Inc. and iBio CDMO. Management has determined that the activity of iBio CDMO should be segregated as a separate segment and that the activity of iBio Brazil is currently immaterial and is to be included in the activity of iBio, Inc. These segments are components of the Company 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 September 30, 2017 (in thousands)
 
iBio, Inc.
 
iBio CDMO
 
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues - external customers
 
$
84
 
$
38
 
$
-
 
$
122
 
Revenues – intersegment
 
 
301
 
 
210
 
 
(511)
 
 
-
 
Research and development
 
 
618
 
 
484
 
 
(117)
 
 
985
 
General and administrative
 
 
1,099
 
 
1,698
 
 
(299)
 
 
2,498
 
Operating loss
 
 
(1,332)
 
 
(2,029)
 
 
-
 
 
(3,361)
 
Interest expense
 
 
-
 
 
(480)
 
 
-
 
 
(480)
 
Interest and other income
 
 
12
 
 
2
 
 
-
 
 
14
 
Consolidated net loss
 
 
(1,321)
 
 
(2,506)
 
 
-
 
 
(3,827)
 
Total assets
 
 
18,810
 
 
27,485
 
 
(12,862)
 
 
33,433
 
Fixed assets, net
 
 
7
 
 
25,261
 
 
-
 
 
25,268
 
Intangible assets, net
 
 
1,757
 
 
-
 
 
-
 
 
1,757
 
Depreciation expense
 
 
1
 
 
337
 
 
-
 
 
338
 
Amortization of intangible assets
 
 
85
 
 
-
 
 
-
 
 
85
 
 
Three Months Ended September 30, 2016 (in thousands)
 
iBio, Inc.
 
iBio CDMO
 
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues - external customers
 
$
86
 
$
49
 
$
-
 
$
135
 
Revenues – intersegment
 
 
152
 
 
182
 
 
(334)
 
 
-
 
Research and development
 
 
684
 
 
321
 
 
(185)
 
 
820
 
General and administrative
 
 
1,347
 
 
1,271
 
 
(149)
 
 
2,469
 
Operating loss
 
 
(1,793)
 
 
(1,361)
 
 
-
 
 
(3,154)
 
Interest expense
 
 
-
 
 
(483)
 
 
-
 
 
(483)
 
Interest and other income
 
 
18
 
 
7
 
 
-
 
 
25
 
Consolidated net loss
 
 
(1,775)
 
 
(1,837)
 
 
-
 
 
(3,612)
 
Total assets
 
 
11,810
 
 
36,330
 
 
(49)
 
 
48,091
 
Fixed assets, net
 
 
8
 
 
25,572
 
 
-
 
 
25,580
 
Intangible assets, net
 
 
2,023
 
 
-
 
 
-
 
 
2,023
 
Depreciation expense
 
 
1
 
 
323
 
 
-
 
 
324
 
Amortization of intangible assets
 
 
88
 
 
-
 
 
-
 
 
88