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Business Segmentation and Geographical Distribution (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
The Chief Operating Decision Maker uses gross profit and net income to evaluate Company performance and in what way to allocate resources. Significant segment expenses, which are the same as the entity as a whole, are as follows: | The Chief Operating Decision Maker uses gross profit and net income to evaluate Company performance and in what way to allocate resources. Significant segment expenses, which are the same as the entity as a whole, are as follows:
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Total revenue |  | $ | 52,347 |  |  | $ | 37,297 |
Employee costs |  |  | 12,933 |  |  |  | 10,811 |
Contractors and professional services |  |  | 7,815 |  |  |  | 6,588 |
Materials and supplies |  |  | 15,559 |  |  |  | 14,669 |
Depreciation |  |  | 928 |  |  |  | 742 |
Interest expense |  |  | 670 |  |  |  | 838 |
Other income |  |  | (2 | ) |  |  | (4 | )
Tax expense |  |  | 318 |  |  |  | 101 |
Facilities |  |  | 3,413 |  |  |  | 2,870 |
Shipping |  |  | 1,193 |  |  |  | 760 |
Testing |  |  | 917 |  |  |  | 1,078 |
IT services |  |  | 1,091 |  |  |  | 1,060 |
Insurance |  |  | 785 |  |  |  | 721 |
Manufacturing other expense |  |  | 992 |  |  |  | 604 |
Selling, general and administrative other expense |  |  | 1,500 |  |  |  | 849 |
Total Expense |  |  | 48,112 |  |  |  | 41,687 |
Net Income (loss) |  | $ | 4,235 |  |  | $ | (4,390 | )
The revenues for 2024 and 2023 by category are as follows: | Our operations comprise a single business segment and all of our long-lived assets are located within the United States. We categorize our revenue stream into three main product categories, personal care ingredients, advanced materials and consumer products. The revenues for 2024 and 2023 by category are as follows:
|  | For the years ended December 31 |
Product Category |  | 2024 |  |  | 2023 |
Consumer Products |  | $ | 44,373 |  |  | $ | 25,211 |
Personal Care Ingredients |  |  | 6,827 |  |  |  | 9,277 |
Advanced Materials |  |  | 1,147 |  |  |  | 2,809 |
Total Sales |  | $ | 52,347 |  |  | $ | 37,297 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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