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Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Segment information for the years ended December 31, 2023 and 2022 is as follows (in thousands):

		Year Ended December 31, 2023
		BC				Gyre				Other				Consolidated
Revenues		$	113,450			$	—			$	—			$	113,450
Cost of revenues			4,636				—				—				4,636
Gross profit			108,814				—				—				108,814
Operating expenses excluding cost of revenues:
Selling and marketing			61,159				—				—				61,159
Research and development			13,698				82				—				13,780
General and administrative			8,872				5,214				576		(1)		14,662
Acquired in-process research and development			—				83,104				—				83,104
Divestiture losses			—				—				2,711		(2)		2,711
Loss on disposal of property and equipment			628				—				—				628
Total operating expenses excluding cost of revenues			84,357				88,400				3,287				176,044
Income (Loss) from operations		$	24,457			$	(88,400	)		$	(3,287	)		$	(67,230	)
Supplemental Disclosure of stock-based compensation expense
Cost of revenues		$	52			$	—			$	—			$	52
Selling and marketing			344				—				—				344
Research and development			481				—				—				481
General and administrative			1,916				4,488				—				6,404
Stock-based compensation total		$	2,793			$	4,488			$	—			$	7,281

(1) $0.6 million represents legal expense recorded in CPI during the year ended December 31, 2023.

(2) $2.7 million represents divestiture losses. See Note 8 for details.

		December 31, 2023
		BC				Gyre				Other				Consolidated
Total assets		$	101,761			$	13,865			$	913			$	116,539

		Year Ended December 31, 2022
		BC				Gyre				Other				Consolidated
Purchase of property and equipment		$	(8,517	)		$	—			$	—			$	(8,517	)

		Year Ended December 31, 2022
		BC				Gyre				Other				Consolidated
Revenues		$	102,290			$	—			$	—			$	102,290
Cost of revenues			4,793				—				—				4,793
Gross profit			97,497				—				—				97,497
Operating expenses excluding cost of revenues:
Selling and marketing			54,238				—				—				54,238
Research and development			16,686				—				—				16,686
General and administrative			17,240				—				130		(3)		17,370
Total operating expenses excluding cost of revenues			88,164				—				130				88,294
(Loss) income from operations			9,333				—				(130	)			9,203
Supplemental Disclosure of stock-based compensation expense
Cost of revenues		$	249			$	—			$	—			$	249
Selling and marketing			1,643				—				—				1,643
Research and development			2,301				—				—				2,301
General and administrative			9,173				—				—				9,173
Stock-based compensation total		$	13,366			$	—			$	—			$	13,366

(3) $0.1 million represents the other subsidiaries, CPI and GNI HK, etc. reported an aggregate $0.1 million general and administrative expense during the year ended December 31, 2022.

		December 31, 2022
		BC				Gyre				Other				Consolidated
Total assets		$	79,857			$	—			$	4,896			$	84,753

		Year Ended December 31, 2022
		BC				Gyre				Other				Consolidated
Purchase of property and equipment		$	(4,985	)		$	—			$	—			$	(4,985	)

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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No definition available.

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