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Business Segments (Tables)

9 Months Ended

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

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X

- References

No definition available.

+ Details

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