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Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Information [Abstract]  
Segment Information
10.Segment Information

 

The Company operates as one operating segment. Our chief operating decision maker ("CODM") is our Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated operating loss and net loss to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the allocation of budget between cost of revenues, research and development, sales and marketing, and general and administrative expenses.

  

The following table presents key financial information with respect to the Company’s single operating segment:

 

   Years ended December 31, 
(in thousands)  2024   2023 
Revenues  $3,108   $3,829 
           
Costs and expenses(a)          
Cost of revenues   116    12 
Product R&D   151    116 
General and administrative, including rent   1,297    1,480 
Payroll and related   6,332    6,330 
Professional fees and IP   1,351    1,117 
Marketing and travel   483    412 
Total costs and expenses   9,730    9,467 
Other segment items(b)   75    (99)
Other income, net   687    736 
Loss before provision for income taxes   (5,860)   (5,001)
Provision for income taxes   15    115 
Loss from continuing operations  $(5,875)  $(5,116)

 

(a)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision-maker.
(b)Other segment items primarily include depreciation and amortization, payroll and related - re-allocated to cost of revenues, and stock options expense.

 

The following table presents the long-lived assets property and equipment and right-of-use assets by geographic area:

 

   December 31, 
   2024   2023 
Sweden  $696   $109 
Asia   
-
    1 
Total  $696   $110 

 

We report revenues from external customers based on the country where the customer is located. The following table presents net revenues by country:

 

   Years ended December 31, 
   2024   2023 
(in thousands)  Amount   Percentage   Amount   Percentage 
Japan  $1,731    55.8%  $1,476    38.5%
Sweden   365    11.7%   
-
    
-
%
Germany   116    3.7%   379    9.9%
South Korea   97    3.1%   501    13.1%
China   31    1.0%   18    0.5%
Other   5    0.2%   1    
-
%
   $2,345    75.5%  $2,375    62.0%
United States   763    24.5%   1,454    38.0%
   $3,108    100.0%  $3,829    100.0%