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Business Segments (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Reportable Segments | Summarized financial information concerning the Company’s reportable segments for the three and nine months ended September 30, 2025 and 2024 and the balances of assets and liabilities for each segment at September 30, 2025 and December 31, 2024 is presented below. Schedule of Reportable Segments Three Months Ended September 30, 2025 ($ in thousands)
|  | NexGel |  |  | CGN JV |  |  | Total |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Contract manufacturing |  | $ | 230 |  |  | $ | 677 |  |  | $ | 907 |
Custom and white label finished goods |  |  | - |  |  |  | - |  |  |  | - |
Branded consumer products |  |  | 1,918 |  |  |  | - |  |  |  | 1,918 |
Other income |  |  | 80 |  |  |  | 29 |  |  |  | 109 |
Total revenue |  |  | 2,228 |  |  |  | 706 |  |  |  | 2,934 |
Cost of revenues |  |  | 1,127 |  |  |  | 564 |  |  |  | 1,691 |
Operating expenses |  |  | 1,833 |  |  |  | 135 |  |  |  | 1,968 |
Income (loss) from operations |  | $ | (732 | ) |  | $ | 7 |  |  | $ | (725 | )
Three Months Ended September 30, 2024 ($ in thousands)
|  | NexGel |  |  | CGN JV |  |  | Total |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Contract manufacturing |  | $ | 396 |  |  | $ | 468 |  |  | $ | 864 |
Custom and white label finished goods |  |  | - |  |  |  | - |  |  |  | - |
Branded consumer products |  |  | 1,930 |  |  |  | - |  |  |  | 1,930 |
Other income |  |  | 109 |  |  |  | 37 |  |  |  | 146 |
Total revenue |  |  | 2,435 |  |  |  | 505 |  |  |  | 2,940 |
Cost of revenues |  |  | 1,282 |  |  |  | 503 |  |  |  | 1,785 |
Operating expenses |  |  | 1,746 |  |  |  | 197 |  |  |  | 1,943 |
Loss from operations |  | $ | (593 | ) |  | $ | (195 | ) |  | $ | (788 | )
Nine Months Ended September 30, 2025 ($ in thousands)
|  | NexGel |  |  | CGN JV |  |  | Total |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
Contract manufacturing |  | $ | 747 |  |  | $ | 1,971 |  |  | $ | 2,718 |
Custom and white label finished goods |  |  | 27 |  |  |  | - |  |  |  | 27 |
Branded consumer products |  |  | 5,584 |  |  |  | - |  |  |  | 5,584 |
Other income |  |  | 202 |  |  |  | 94 |  |  |  | 296 |
Total revenue |  |  | 6,560 |  |  |  | 2,065 |  |  |  | 8,625 |
Cost of revenues |  |  | 3,453 |  |  |  | 1,482 |  |  |  | 4,935 |
Operating expenses |  |  | 5,422 |  |  |  | 406 |  |  |  | 5,828 |
Income (loss) from operations |  | $ | (2,315 | ) |  | $ | 177 |  |  | $ | (2,138 | )
Nine Months Ended September 30, 2024 ($ in thousands)
|  | NexGel |  |  | CGN JV |  |  | Total |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
Contract manufacturing |  | $ | 665 |  |  | $ | 1,225 |  |  | $ | 1,890 |
Custom and white label finished goods |  |  | 42 |  |  |  | - |  |  |  | 42 |
Branded consumer products |  |  | 3,515 |  |  |  | - |  |  |  | 3,515 |
Other income |  |  | 156 |  |  |  | 44 |  |  |  | 200 |
Total revenue |  |  | 4,378 |  |  |  | 1,269 |  |  |  | 5,647 |
Cost of revenues |  |  | 2,799 |  |  |  | 1,174 |  |  |  | 3,973 |
Operating expenses |  |  | 3,887 |  |  |  | 500 |  |  |  | 4,387 |
Loss from operations |  | $ | (2,308 | ) |  | $ | (405 | ) |  | $ | (2,713 | )
Income (loss) from operations |  | $ | (2,308 | ) |  | $ | (405 | ) |  | $ | (2,713 | )

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- References No definition available. + Details
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