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Segment Information
 6 Months Ended
Jun. 30, 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
June 30,		   Six months ended June 30, 
(in thousands)  2025   2024   2025   2024 
Revenues  $599   $801   $1,112   $1,615 
                     
Costs and expenses(a)                    
Cost of revenues   5    24    14    41 
Product R&D   44    29    85    68 
General and administrative, including rent   350    359    546    723 
Payroll and related   1,917    1,706    3,620    3,428 
Professional fees and IP   290    406    659    733 
Marketing and travel   94    82    254    317 
Total costs and expenses   2,700    2,606    5,178    5,310 
Other segment items(b)   (9)   17    (9)   20 
Other income, net   126    122    281    303 
Loss before provision for income taxes   (1,984)   (1,666)   (3,794)   (3,372)
Provision for income taxes   
-
    11    (10)   21 
Loss from continuing operations  $(1,984)  $(1,677)  $(3,784)  $(3,393)

  

(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:

 

   June 30,   December 31, 
   2025   2024 
Sweden  $653   $696 
Total  $653   $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 June 30, 
   2025   2024 
(in thousands)  Amount   Percentage   Amount   Percentage 
Japan  $262    43.7%  $403    50.3%
Sweden   204    34.1%   198    24.7%
Germany   13    2.2%   23    2.9%
China   4    0.7%   1    0.1%
South Korea   1    0.2%   21    2.6%
Other   
 
    
-
%   
-
    
-
%
   $484    80.8%  $646    80.6%
United States   115    19.2%   155    19.4%
   $599    100.0%  $801    100.0%

 

   Six months ended June 30, 
   2025   2024 
(in thousands)  Amount   Percentage   Amount   Percentage 
Japan  $612    55.0%  $789    48.9%
Sweden   237    21.3%   223    13.8%
Germany   23    2.1%   87    5.4%
China   10    0.9%   7    0.4%
South Korea   1    0.1%   83    5.1%
Other   1    0.1%   
-
    
-
%
   $884    79.5%  $1,189    73.6%
United States   228    20.5%   426    26.4%
   $1,112    100.0%  $1,615    100.0%