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Segment Reporting | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company conducts business as a single operating segment, which is the business of performance beauty focused on delivering products in the cash-pay aesthetic market. The Company’s chief executive officer, who is the chief operating decision maker (“CODM”), reviews financial information on a consolidated basis for allocating and evaluating financial performance. The single operating segment is further based upon the Company’s organizational and management structure and other factors. The key measure of segment profit and loss that the CODM uses to allocate resources and assess performance is the Company’s net loss, which is utilized to evaluate the achievement of the Company’s business operations. The table below shows the Company’s reconciliation of revenue and significant segment items to net loss, regularly provided to and reviewed by the CODM, as computed under U.S. GAAP:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Net revenues | $ | 266,274 |  |  | $ | 202,085 |  |  | $ | 148,616 |
Less: |  |  |  |  |
Product cost of goods sold | 81,015 |  |  | 61,559 |  |  | 55,887 |
Amortization of distribution right | 2,955 |  |  | 2,955 |  |  | 2,955 |
Selling, general and administrative | 176,853 |  |  | 149,380 |  |  | 131,275 |
Research and development | 8,156 |  |  | 5,662 |  |  | 4,474 |
In process research and development | — |  |  | 8,869 |  |  | 2,000 |
Revaluation of contingent royalty obligation | 7,176 |  |  | 4,257 |  |  | 5,755 |
Stock-based compensation | 22,188 |  |  | 16,458 |  |  | 10,833 |
Depreciation and amortization | 2,342 |  |  | 2,178 |  |  | 767 |
Interest income | (3,263) |  |  | (860) |  |  | (119) |
Interest expense | 18,735 |  |  | 13,832 |  |  | 9,097 |
Other expense, net | (127) |  |  | (696) |  |  | 9 |
Income tax provision | 664 |  |  | 176 |  |  | 95 |
Net loss | (50,420) |  |  | (61,685) |  |  | (74,412) |
Assets provided to the CODM are consistent with those reported on the Balance Sheets with particular emphasis on the Company’s available liquidity, including its cash and cash equivalents, and financial instruments owned, reduced by current liabilities. All long-lived assets are maintained in the United States of America. The product and service revenue attributed to foreign countries from which the Company derives product and service revenue is as follows:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Revenue by country, net |  |  |  |  |
United States | $ | 253,159 |  |  | $ | 195,424 |  |  | $ | 146,150 |
International | 13,115 |  |  | 6,661 |  |  | 2,466 |
Total revenue by country, net | 266,274 |  |  | 202,085 |  |  | 148,616 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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