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Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information

16. Segment Information

The Company’s revenue was generated in the U.S. for all periods presented and its assets are all located in the U.S.

The following table presents segment information for revenue, significant segment expenses, and segment loss expenses that are regularly provided to the CODM for the years ended December 31, 2024 and 2023 (in thousands):

 

Year Ended

 

 

December 31,

 

 

2024

 

 

2023

 

Revenue

$

77

 

 

$

306

 

Less:

 

 

 

 

 

Cost of revenue

 

82

 

 

 

210

 

Payroll related expenses

 

13,269

 

 

 

17,878

 

Stock-based compensation expense

 

7,013

 

 

 

5,273

 

Consulting and professional fees

 

7,581

 

 

 

5,012

 

Clinical studies and outside processing

 

3,383

 

 

 

4,728

 

Equipment, lab supplies, and facility expenses

 

1,635

 

 

 

2,037

 

Depreciation and amortization(1)

 

814

 

 

 

900

 

Other segment items(2)

 

2,935

 

 

 

4,089

 

Loss from operations

 

(36,635

)

 

 

(39,821

)

Interest expense

 

(28

)

 

 

(55

)

Other income, net

 

3,765

 

 

 

3,634

 

Net loss

$

(32,898

)

 

$

(36,242

)

 

(1) Certain amortization amounts are included within cost of revenue.

(2) Other segment items consist primarily of insurance costs, IT services, travel expenses, marketing expenses, taxes, and other miscellaneous expense.