XML 41 R28.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information

Note 17. Segment Information

Due to similarities of its products, methods of production and it's management and administrative structure, the Company operates as a single operating and reportable segment.

The following table presents segment revenue, gross profit, net loss and certain operating financial results of the Company’s single operating segment for the periods presented, as viewed by the CODM:

 

 

Years Ended December 31,

 

 

2024

 

 

2023

 

Sales

$

60,599

 

 

$

56,040

 

Less cost of goods sold:

 

 

 

 

 

Other cost of goods sold

 

34,899

 

 

 

34,553

 

Stock-based compensation

 

311

 

 

 

107

 

Amortization of intangible assets

 

355

 

 

 

355

 

Depreciation

 

232

 

 

 

262

 

Gross profit

 

24,802

 

 

 

20,763

 

Gross margin

 

41

%

 

 

37

%

 

 

 

 

 

Less research and development:

 

 

 

 

 

Other research and development expenses

 

10,207

 

 

 

9,066

 

Stock-based compensation expense

 

1,379

 

 

 

1,062

 

Severance and exit costs

 

—

 

 

 

20

 

Depreciation

 

278

 

 

 

357

 

Total research and development

 

11,864

 

 

 

10,505

 

 

 

 

 

 

Less sales and marketing:

 

 

 

 

 

Other sales and marketing expenses

 

8,811

 

 

 

8,269

 

Stock-based compensation expense

 

379

 

 

 

373

 

Severance and exit costs

 

—

 

 

 

481

 

Depreciation

 

13

 

 

 

3

 

Total sales and marketing

 

9,203

 

 

 

9,126

 

 

 

 

 

 

Less general and administrative:

 

 

 

 

 

Other general and administrative expenses

 

7,459

 

 

 

8,629

 

Stock-based compensation expense

 

2,566

 

 

 

2,139

 

Amortization of intangible assets

 

2,613

 

 

 

2,614

 

Severance and exit costs

 

—

 

 

 

111

 

Depreciation

 

25

 

 

 

39

 

Total general and administrative

 

12,663

 

 

 

13,532

 

 

 

 

 

 

Loss from operations

 

(8,928

)

 

 

(12,400

)

 

 

 

 

 

Plus interest income, net

 

115

 

 

 

109

 

 

 

 

 

 

Income tax benefit (expense)

 

152

 

 

 

(128

)

 

 

 

 

 

Less other segment expenses (1)

 

27

 

 

 

9

 

 

 

 

 

 

Net loss

$

(8,688

)

 

$

(12,428

)

 

(1) Other segment expenses are primarily foreign currency transaction remeasurements and franchise taxes.

 

The CODM reviews the segment assets that are reported in the Consolidated Balance Sheets.