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Segment Reporting | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Reporting | Note 15 – Segment Reporting Operating segments are defined as components of an enterprise about which separate discrete information is available for evaluation by the chief operating decision-maker (CODM) in deciding how to allocate resources and assess performance. The Company's chief executive officer and chief financial officer, as a group, represents the entity's chief operating decision makers. The Company’s CODM views the Company’s operations and manages its business as a single operating segment focused on diagnostic testing in the clinical setting and providing services to biopharmaceutical companies (see Note 11 – Revenue and Accounts Receivable Credit Concentration). The CODM views the Company's operations as a single operating segment as each revenue stream utilizes the same equipment and resources. In addition, discrete financial information is not available for each revenue stream other than gross margin. The accounting policies of the segment are the same as those described in Note 2 – Summary of Significant Accounting Policies. Substantially all of the Company’s revenue and all long-lived assets were derived or are located in the United States for the years ended December 31, 2024 and 2023. The measure of segment assets is reported on the balance sheet as total assets. As a single operating segment, the CODM assesses how to allocate resources and measures the Company's performance based on net income or loss that is reported on the statement of operations as net loss. The CODM uses net income or loss to evaluate the return generated from segment assets in deciding whether to reinvest into the segment or into other parts of the entity, such as acquisitions. Net income or loss is used to monitor budget versus actual results, which are used in assessing performance of the segment and in establishing management's compensation. The CODM regularly reviews the following significant expenses and other segment items. A summary of the significant expenses and other segment items reported in the Company’s statements of operations as of the dates indicated is as follows (in thousands):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Revenues |  | $ | 71,323 |  |  | $ | 49,087 |
Less: |  |  |  |  |  |
Direct costs and expenses (less employee related expenses and depreciation and amortization) |  |  | 11,476 |  |  |  | 9,200 |
Employee related expenses (less share-based compensation expenses) |  |  | 55,606 |  |  |  | 45,936 |
Contracted services expenses |  |  | 6,616 |  |  |  | 5,261 |
Sales and marketing education and event expenses |  |  | 7,574 |  |  |  | 7,195 |
Occupancy and equipment service expenses |  |  | 4,055 |  |  |  | 5,372 |
Clinical trials and associated costs |  |  | 1,180 |  |  |  | 1,663 |
Depreciation and amortization expense |  |  | 5,773 |  |  |  | 3,328 |
Share-based compensation expenses |  |  | 6,638 |  |  |  | 5,373 |
Interest expense |  |  | 8,258 |  |  |  | 9,536 |
Other segment items (1) |  |  | 7,078 |  |  |  | 8,369 |
Net loss |  | $ | (42,931 | ) |  | $ | (52,146 | )
(1) Other segment items in segment net loss primarily include software and IT related expenses, administrative and professional development expenses, risk management and insurance expenses, other non-cash expenses, and allocated overhead expenses.

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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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