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Note 9 - Segment | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | Note 9: Segment The Company operates and manages its business as one reportable segment and one operating segment, which is the business of developing and commercializing synthetic protein products using the Company’s proprietary microbial platforms, including C1 and Dapibus™. The Company's chief operating decision maker, or CODM, is the Company's senior management team that includes the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer. The CODM assesses performance for the segment and decides how to allocate resources based on consolidated net loss that is also reported on the consolidated statements of operations. The measure of segment assets is reported on the consolidated balance sheets as total consolidated assets. The Company operates in the U.S. and Europe. All material long-lived assets of the Company reside in the U.S. For geographic information about the Company’s product revenues, see Note 1, Concentration. Long-lived assets primarily consist of operating lease right-of-use assets. The CODM uses consolidated net loss to evaluate the Company's spend and monitor budget versus actual results. The monitoring of budgeted versus actual results is used in assessing performance of the segment and in establishing resource allocation across the organization. Factors used in determining the reportable segment include the nature of the Company's operating activities, the organizational and reporting structure and the type of information reviewed by the CODM to allocate resources and evaluate financial performance. The accounting policies of the segment are the same as those described in Note 1 of the notes to the consolidated financial statements included in this Annual Report on Form 10-K. The CODM reviews cash, cash equivalents and investment securities as a measure of segment assets. As of December 31, 2024 and 2023, the Company’s cash, cash equivalents and investment securities were $9.3 million and $7.3 million, respectively. The following table presents information about segment revenue, significant segment expenses and segment operating loss for the years ended December 31, 2024 and 2023:
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |
Revenues |  | $ | 3,495,389 |  |  | $ | 2,898,806 |
Cost of revenues |  |  | 1,194,624 |  |  |  | 1,975,849 |
Research and development expenses: |  |  |  |  |  |  |  |
Outside contracted services |  |  | 1,503,397 |  |  |  | 2,677,941 |
Personnel related costs |  |  | 414,916 |  |  |  | 510,647 |
Facilities, overhead, and other |  |  | 67,411 |  |  |  | 65,584 |
General and administrative expenses: |  |  |  |  |  |  | - |
Compensation and related expenses |  |  | 2,308,566 |  |  |  | 2,200,914 |
Business consulting expenses |  |  | 764,326 |  |  |  | 305,348 |
Legal and professional services |  |  | 998,630 |  |  |  | 931,038 |
Other G&A expenses |  |  | 995,501 |  |  |  | 1,244,121 |
Share-based compensation expenses |  |  | 1,126,279 |  |  |  | 1,178,686 |
Foreign currency exchange loss |  |  | 22,561 |  |  |  | 38,417 |
Other Income (expenses), net |  |  | 91,663 |  |  |  | 1,434,278 |
Net loss |  | $ | (5,809,159 | ) |  | $ | (6,795,461 | )

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