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SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2025
SEGMENT REPORTING  
SEGMENT REPORTING

11. SEGMENT REPORTING

The Company’s chief operating decision maker (the “CODM”) is its Chief Executive Officer. The Company has no segment managers who are held accountable by the CODM for operations, operating results, and planning for levels or components below the consolidated unit level. Accordingly, the Company has determined it has a single operating segment.

The CODM uses consolidated net loss for purposes of allocating resources and assessing segment performance, including monitoring actual results versus historical periods. Cost of revenue and operating expenses are considered significant segment expenses that are regularly provided to the CODM and included within consolidated net loss. The measure of segment assets is the total assets on the Company’s condensed consolidated balance sheets. Capital expenditures are reported on a consolidated basis on the Company’s condensed consolidated statements of cash flows. The following table includes the Company's segment revenue, significant segment expenses, and other segment items to reconcile to net loss.

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Dollars in Thousands

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Dollars in Thousands

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Three Months Ended

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Six Months Ended

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June 30, 

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June 30, 

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2025

    

2024

    

2025

    

2024

Net sales

$

5,654

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$

4,441

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$

10,583

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$

7,873

Less expense (income):

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Cost of sales

 

3,225

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2,725

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6,014

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5,237

Operating expenses (1)

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3,253

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2,925

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6,252

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5,919

Other segment expense (income) (2)

 

(898)

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11

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(873)

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16

Net income (loss)

$

74

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$

(1,220)

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$

(810)

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$

(3,299)

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(1) Operating expenses include sales and marketing expenses, general and administrative expenses, research and development expenses and stock-based compensation.

(2) Other segment items include interest income, interest expense, gain on write-off of liability and other income, including Employee Retention Credits received.