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Note 18 - Segment Reporting and Geographic Information | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
18. | Segment reporting and geographic information
The Company’s operations are organized into two segments, consisting of Plinabulin pipeline and TPD platform. The Company presents segment information after elimination of inter-company transactions. In general, revenues and operating expenses are directly attributable, or are allocated, to each segment. The Company allocates operating expenses that are not directly attributable to a specific segment, such as those that support infrastructure across different segments, to different segments mainly on the basis of usage, headcount, depending on the nature of the relevant operating expenses. The Company does not allocate assets to its segments as the Company’s CODM does not evaluate the performance of segments using asset information. The table below provides a summary of the Company’s operating segment operating results for the year ended December 31, 2021:
|  | Year ended December 31, 2021 |
|  | Plinabulin pipeline |  |  | TPD platform |  |  | Intersegment eliminations |  |  | Consolidated |
|  | $ |  |  | $ |  |  | $ |  |  | $ |
Revenue |  |  | - |  |  |  | 1,351 |  |  |  | - |  |  |  | 1,351 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | (32,077 | ) |  |  | (4,851 | ) |  |  | 40 |  |  |  | (36,888 | )
General and administrative |  |  | (29,737 | ) |  |  | (1,166 | ) |  |  | 200 |  |  |  | (30,703 | )
Loss from operations |  |  | (61,814 | ) |  |  | (4,666 | ) |  |  | 240 |  |  |  | (66,240 | )
Total other income (expenses), net |  |  | 1,382 |  |  |  | 460 |  |  |  | (240 | ) |  |  | 1,602 |
Loss before income tax |  |  | (60,432 | ) |  |  | (4,206 | ) |  |  | - |  |  |  | (64,638 | )
Income tax expenses |  |  | (3,218 | ) |  |  | (352 | ) |  |  | - |  |  |  | (3,570 | )
Net loss |  |  | (63,650 | ) |  |  | (4,558 | ) |  |  | - |  |  |  | (68,208 | )
Less: Net loss attributable to noncontrolling interests |  |  | (4,029 | ) |  |  | - |  |  |  | - |  |  |  | (4,029 | )
Net loss attributable to BeyondSpring Inc. |  |  | (59,621 | ) |  |  | (4,558 | ) |  |  | - |  |  |  | (64,179 | )
The table below provides a summary of the Company’s operating segment operating results for the year ended December 31, 2022:
|  | Year ended December 31, 2022 |
|  | Plinabulin pipeline |  |  | TPD platform |  |  | Intersegment eliminations |  |  | Consolidated |
|  | $ |  |  | $ |  |  | $ |  |  | $ |
Revenue |  |  | - |  |  |  | 1,351 |  |  |  | - |  |  |  | 1,351 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | (18,180 | ) |  |  | (7,442 | ) |  |  | 40 |  |  |  | (25,582 | )
General and administrative |  |  | (11,346 | ) |  |  | (1,862 | ) |  |  | 200 |  |  |  | (13,008 | )
Loss from operations |  |  | (29,526 | ) |  |  | (7,953 | ) |  |  | 240 |  |  |  | (37,239 | )
Total other income (expenses), net |  |  | 400 |  |  |  | 962 |  |  |  | (240 | ) |  |  | 1,122 |
Loss before income tax |  |  | (29,126 | ) |  |  | (6,991 | ) |  |  | - |  |  |  | (36,117 | )
Income tax expenses |  |  | (227 | ) |  |  | 64 |  |  |  | - |  |  |  | (163 | )
Net loss |  |  | (29,353 | ) |  |  | (6,927 | ) |  |  | - |  |  |  | (36,280 | )
Less: Net loss attributable to noncontrolling interests |  |  | (3,001 | ) |  |  | - |  |  |  | - |  |  |  | (3,001 | )
Net loss attributable to BeyondSpring Inc. |  |  | (26,352 | ) |  |  | (6,927 | ) |  |  | - |  |  |  | (33,279 | )
BEYONDSPRING INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021 (Amounts in thousands of U.S. Dollars (“$”) and Renminbi (“RMB”), except for number of shares and per share data)
18. | Segment reporting and geographic information (continued)
The table below provides a summary of the Company’s operating segment operating results for the year ended December 31, 2023:
|  | Year ended December 31, 2023 |
|  | Plinabulin pipeline |  |  | TPD platform |  |  | Intersegment eliminations |  |  | Consolidated |
|  | $ |  |  | $ |  |  | $ |  |  | $ |
Revenue |  |  | - |  |  |  | 1,751 |  |  |  | - |  |  |  | 1,751 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | (7,312 | ) |  |  | (7,363 | ) |  |  | 40 |  |  |  | (14,635 | )
General and administrative |  |  | (8,009 | ) |  |  | (2,421 | ) |  |  | 200 |  |  |  | (10,230 | )
Loss from operations |  |  | (15,321 | ) |  |  | (8,033 | ) |  |  | 240 |  |  |  | (23,114 | )
Total other income (expenses), net |  |  | 1,398 |  |  |  | 114 |  |  |  | (240 | ) |  |  | 1,272 |
Loss before income tax |  |  | (13,923 | ) |  |  | (7,919 | ) |  |  | - |  |  |  | (21,842 | )
Income tax expenses |  |  | (92 | ) |  |  | (14 | ) |  |  | - |  |  |  | (106 | )
Net loss |  |  | (14,015 | ) |  |  | (7,933 | ) |  |  | - |  |  |  | (21,948 | )
Less: Net loss attributable to noncontrolling interests |  |  | (922 | ) |  |  | - |  |  |  | - |  |  |  | (922 | )
Net loss attributable to BeyondSpring Inc. |  |  | (13,093 | ) |  |  | (7,933 | ) |  |  | - |  |  |  | (21,026 | )
For the years ended December 31, 2021, 2022 and 2023, the Company recognized revenue of $1,351, $1,351, and $1,751 respectively. All of the Company’s revenue was derived from the U.S. for the years ended December 31, 2021, 2022 and 2023. The Company’s long-lived assets by geographic area are presented as follows:
|  | December 31, |
|  | 2022 |  |  | 2023 |
|  | $ |  |  | $ |
Property and equipment, net: |  |  |  |  |  |  |  |
PRC |  |  | 90 |  |  |  | 60 |
U.S. |  |  | 1,778 |  |  |  | 1,568 |
Total |  |  | 1,868 |  |  |  | 1,628 |

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- Definition The entire disclosure for reporting segments including data and tables. 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