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Note 14 - Segment Reporting and Geographic Information | 3 Months Ended
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Mar. 31, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
14. | Segment reporting and geographic information
The Company operates in two reportable segments: (i) Plinabulin pipeline and (ii) TPD platform. On December 13, 2024, the Company’s Board of Directors discussed and approved a divestiture plan to sell and transfer about 90% to 100% of the Company’s interests in SEED to potential investors at a determined price. The TPD platform segment was comprised of SEED’s operations. As a result, the TPD platform segment qualified for discontinued operations reporting. See Note 3 – Discontinued operations. 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’s Chief Executive Officer, as the CODM, uses segment net loss to allocate resources for each segment and to assess the performance of each segment, primarily by monitoring actual results versus approved budgets. Significant segment expenses are presented in the table below. Other segment items include interest income, other income, net, and income tax expenses. The CODM does not evaluate the performance of segments using asset or liability information.
|  | For three months ended March 31, |
|  | 2024 |  |  | 2025 |
|  | $ |  |  | $ |
|  | (unaudited) |  |  | (unaudited) |
Clinical and pre-clinical expenses |  |  | 78 |  |  |  | 115 |
Patent expenses |  |  | 259 |  |  |  | 166 |
Personnel costs |  |  | 1,037 |  |  |  | 1,088 |
Professional services |  |  | 318 |  |  |  | 956 |
Other operational expenses |  |  | 363 |  |  |  | 285 |
Other segment items |  |  | 25 |  |  |  | (26 | )
Segment net loss |  |  | 2,080 |  |  |  | 2,584 |
Reconciliation of net loss: |  |  |  |  |  |  |  |
Net loss (income) from discontinued operations |  |  | 1,208 |  |  |  | (3,754 | )
Consolidated net loss (income) |  |  | 3,288 |  |  |  | (1,170 | )
The Company’s long-lived assets of continuing operations by geographic area are presented as follows:
|  | As of |
|  | December 31, 2024 |  |  | March 31, 2025 |
|  | $ |  |  | $ |
Property and equipment, net: |  |  |  |  |  | (unaudited) |
PRC |  |  | 34 |  |  |  | 28 |
U.S. |  |  | 205 |  |  |  | 193 |
Total |  |  | 239 |  |  |  | 221 |

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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/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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