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Segment Information | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment Information | 11. Segment Information The Company has identified one operating and reportable segment. The Company defines its operating segments based on internally reported financial information that is regularly reviewed by the Chief Operating Decision Maker ("CODM") to analyze financial performance, make decisions, and allocate resources. The Company's Chief Executive Officer (“CEO”) is the CODM. The Company's CODM views specific categories within research and development expenses and selling, general and administrative expenses in total as significant given the direct correlation between cash burn and profitability as a pre-commercial company. The following table reconciles reported revenues to net loss under the significant expense principle for the three and six months ended June 30, 2025 and 2024:
|  | Three Months Ended June 30, |  |  | Six months ended June 30, |
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Revenue |  | $ | — |  |  | $ | 43 |  |  | $ | — |  |  | $ | 76 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold |  |  | — |  |  |  | 24 |  |  |  | — |  |  |  | 43 |
Research and development: |  |  |  |  |  |  |  |  |  |  |  |
Revita direct program expenses |  |  | 8,181 |  |  |  | 5,878 |  |  |  | 14,935 |  |  |  | 10,512 |
Rejuva direct program expenses |  |  | 4,661 |  |  |  | 1,525 |  |  |  | 7,878 |  |  |  | 2,235 |
Indirect expenses |  |  | 1,840 |  |  |  | 2,087 |  |  |  | 3,853 |  |  |  | 4,459 |
Personnel-related expenses |  |  | 6,469 |  |  |  | 7,272 |  |  |  | 13,920 |  |  |  | 13,980 |
Total research and development expenses |  |  | 21,151 |  |  |  | 16,762 |  |  |  | 40,586 |  |  |  | 31,186 |
Selling, general and administrative |  |  | 4,928 |  |  |  | 6,242 |  |  |  | 10,252 |  |  |  | 13,374 |
Total other income (expense), net |  |  | (1,810 | ) |  |  | 5,756 |  |  |  | (786 | ) |  |  | 23,976 |
Segment net loss |  | $ | (27,889 | ) |  | $ | (17,229 | ) |  | $ | (51,624 | ) |  | $ | (20,551 | )

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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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