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Reportable Segment | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Reportable Segment | Reportable Segment The Company operates as one operating segment and therefore one reportable segment, focused on integrated solutions to customers based on its proprietary technology. The determination of the Company’s reportable segment is consistent with the financial information regularly reviewed by the chief operating decision maker (“CODM”) for purposes of evaluating performance, allocating resources, setting incentive compensation targets, and planning and forecasting for future periods. The Company’s chief operating decision maker is its Chief Executive Officer. The Company’s single operating segment generates revenues from its three business lines: (1) biorefining, (2) joint development agreements (“JDAs”), contract research, and (3) CarbonSmart sales, all of which share the Company’s technology platforms, research and development infrastructure, and operational resources. Operations and strategies are centralized across the business lines and geographic regions. While the Company operates in various countries, its financial results and operations are viewed on a global basis. The CODM primarily uses revenue and net loss as reported on the consolidated statements of operations, as the measure of profit or loss to allocate resources during the annual budget and forecasting process. The CODM also uses consolidated net loss, along with financial and non-financial inputs, to evaluate the Company’s performance, and make strategic decisions related to headcount and capital expenditures on a consolidated basis. The measure of segment assets is reported on the balance sheet as total assets. The CODM does not review segment assets at a level other than that presented in the Company’s consolidated balance sheets. The table below presents the Company’s consolidated operating results including significant segment expenses:
|  | Year Ended December 31,
|  | 2024 |  | 2023
Consolidated Revenues |  | $ | 49,592 |  |  | $ | 62,631 |
Less |  |  |  |
Consolidated Cost of Sales |  | 25,970 |  |  | 44,979 |
Salaries and benefits expenses 1 |  | 75,710 |  |  | 77,094 |
External service providers 1 |  | 29,359 |  |  | 23,803 |
Other Operating expenses (net of recharges) |  | 27,486 |  |  | 23,135 |
Net loss from operations |  | $ | (108,933) |  |  | $ | (106,380) |
Other expenses, net |  | (14,564) |  |  | (24,816) |
Loss from equity method investees, net |  | (14,234) |  |  | (2,902) |
Net Loss |  | $ | (137,731) |  |  | $ | (134,098) |
(1) including those salaries and benefits and external service providers expenses recharged into cost of sales. For disaggregation of the Company’s revenues by customer location and contract type, please refer to Note 5 - Revenues and for major customers, please refer to Note 2 - Summary of Significant Accounting Policies . Total expenditure on long-lived asset is disclosed in Note 12 - Property, Plant, and Equipment, net. The following table presents long-lived assets by geographic region as of the periods presented:
|  | As of
|  | December 31, 2024 |  | December 31, 2023
United States |  | $ | 20,729 |  |  | $ | 20,964 |
Foreign |  | 1,604 |  |  | 1,859 |
Total |  | $ | 22,333 |  |  | $ | 22,823 |

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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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