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Reportable Segment
 12 Months Ended
Dec. 31, 2025
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) JDA, 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:
Years Ended December 31,
20252024
Consolidated Revenues
$55,845 $49,592 
Less
Consolidated Cost of Sales
30,544 25,970 
Salaries and benefits expenses1
54,390 75,710 
External service providers1
27,688 29,359 
Other Operating expenses (net of recharges)
22,379 27,486 
Net loss from operations
$(79,156)$(108,933)
Other income (expense), net42,753 (14,564)
Loss from equity method investees, net
(12,548)(14,234)
Net loss
$(48,951)$(137,731)
(1) Includes 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, see Note 4 — Revenues and for major customers, see 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:
December 31,
20252024
United States$15,446 $20,729 
Foreign1,682 1,604 
Total$17,128 $22,333