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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Segment information for the three months ended March 31, 2024 and 2023 is as follows (in thousands):
|  | Three Months Ended March 31, 2024 |
|  | Gyre Pharmaceuticals |  |  | Gyre |  |  | Other |  |  | Consolidated |
Revenues |  | $ | 27,172 |  |  | $ | — |  |  | $ | — |  |  | $ | 27,172 |
Cost of revenues |  |  | 979 |  |  |  | — |  |  |  | — |  |  |  | 979 |
Gross profit |  |  | 26,193 |  |  |  | — |  |  |  | — |  |  |  | 26,193 |
Operating expenses excluding cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing |  |  | 12,542 |  |  |  | — |  |  |  | — |  |  |  | 12,542 |
Research and development |  |  | 2,009 |  |  |  | 173 |  |  |  | — |  |  |  | 2,182 |
General and administrative |  |  | 2,257 |  |  |  | 1,141 |  |  |  | — |  |  |  | 3,398 |
Total operating expenses excluding cost of revenues |  |  | 16,808 |  |  |  | 1,314 |  |  |  | — |  |  |  | 18,122 |
Income (loss) from operations |  | $ | 9,385 |  |  | $ | (1,314 | ) |  | $ | — |  |  | $ | 8,071 |
Supplemental disclosure of stock-based compensation expense: |  |  |  |  |  |  |  |  |  |  |  |
General and administrative |  | $ | — |  |  | $ | 11 |  |  | $ | — |  |  | $ | 11 |
Stock-based compensation total |  | $ | — |  |  | $ | 11 |  |  | $ | — |  |  | $ | 11 |
|  | March 31, 2024 |
|  | Gyre Pharmaceuticals |  |  | Gyre |  |  | Other |  |  | Consolidated |
Total assets |  | $ | 109,347 |  |  | $ | 11,750 |  |  | $ | 913 |  |  | $ | 122,010 |
The table below only includes cash outflows for the purchase of property and equipment and excludes non-cash activities.
|  | Three Months Ended March 31, 2024 |
|  | Gyre Pharmaceuticals |  |  | Gyre |  |  | Other |  |  | Consolidated |
Purchase of property and equipment |  | $ | 217 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 231 |
|  | Three Months Ended March 31, 2023 |
|  | Gyre Pharmaceuticals |  |  | Gyre |  |  | Other |  |  | Consolidated |
Revenues |  | $ | 24,931 |  |  | $ | — |  |  | $ | — |  |  | $ | 24,931 |
Cost of revenues |  |  | 1,125 |  |  |  | — |  |  |  | — |  |  |  | 1,125 |
Gross profit |  |  | 23,806 |  |  |  | — |  |  |  | — |  |  |  | 23,806 |
Operating expenses excluding cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing |  |  | 12,768 |  |  |  | — |  |  |  | — |  |  |  | 12,768 |
Research and development |  |  | 2,635 |  |  |  | — |  |  |  | — |  |  |  | 2,635 |
General and administrative |  |  | 1,722 |  |  |  | — |  |  |  | 17 |  |  |  | 1,739 |
Total operating expenses excluding cost of revenues |  |  | 17,125 |  |  |  | — |  |  |  | 17 |  |  |  | 17,142 |
Income (loss) from operations |  | $ | 6,681 |  |  | $ | — |  |  | $ | (17 | ) |  | $ | 6,664 |
Supplemental disclosure of stock-based compensation expense: |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation total |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | December 31, 2023 |
|  | Gyre Pharmaceuticals |  |  | Gyre |  |  | Other |  |  | Consolidated |
Total assets |  | $ | 101,761 |  |  | $ | 13,865 |  |  | $ | 913 |  |  | $ | 116,539 |
The table below only includes cash outflows for the purchase of property and equipment and excludes non-cash activities.
|  | Three Months Ended March 31, 2023 |
|  | Gyre Pharmaceuticals |  |  | Gyre |  |  | Other |  |  | Consolidated |
Purchase of property and equipment |  | $ | 1,742 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,742 |

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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 + Details
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