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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Information [Abstract]  
Segment Information

6. 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:

 

   Three months ended
March 31,		 
(in thousands)  2025   2024 
Revenues  $513   $814 
           
Costs and expenses(a)          
Cost of revenues   9    17 
Product R&D   41    39 
General and administrative, including rent   196    364 
Payroll and related   1,703    1,722 
Professional fees and IP   369    327 
Marketing and travel   160    235 
Total costs and expenses   2,478    2,704 
Other segment items(b)   
-
    3 
Other income, net   155    181 
Loss before provision for income taxes   (1,810)   (1,706)
Provision for income taxes   (10)   10 
Loss from continuing operations  $(1,800)  $(1,716)

 

(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:

 

   March 31,   December 31, 
   2025   2024 
Sweden  $711   $696 
Total  $711   $696 

 

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

 

   Three months ended March 31, 
   2025   2024 
(in thousands)  Amount   Percentage   Amount   Percentage 
Japan  $350    68.3%  $386    47.4%
Sweden   33    6.4%   25    3.1%
Germany   10    1.9%   64    7.9%
China   6    1.2%   6    0.7%
South Korea   
-
    
-
%   62    7.6%
Other   1    0.2%   
-
    
-
%
   $400    78.0%  $543    66.7%
United States   113    22.0%   271    33.3%
   $513    100.0%  $814    100.0%