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Note 18 - Segment Reporting and Geographic Information
 12 Months Ended
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