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Segment Information
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information Note 15. Segment Information
The Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is its chief executive officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated net loss and net cash used in operations to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the allocation of budget between research and development and selling, general and administrative expenses and determination of cash from financing activities required.
The following table presents selected financial information with respect to the Company’s single operating segment for the years ended December 31, 2024 and 2023:
Year Ended
December 31,
(in thousands)20242023
Revenues$2,114 $3,089 
Cost of Revenues66 855 
Gross Profit2,048 2,234 
Operating Expenses:
Research and development expenses9,782 34,351 
Selling, general and administrative expenses21,949 36,055 
Total Operating expenses31,731 70,406 
Loss from operations(29,683)(68,172)
Other income (expense), net:
Change in fair value of warrant liability— 561 
Realized loss on disposal of assets(188)(17)
Interest income25 1,225 
Interest expense(395)(2,337)
Loss on debt extinguishment(4,258)— 
Other income (expense)(447)(180)
Total other income (expense)(5,263)(748)
Net Loss$(34,946)$(68,920)

See the consolidated financial statements for other financial information regarding the Company’s operating segment. The Company’s long-lived tangible assets, as well as the Company's operating right-of-use assets recognized on the Consolidated Balance Sheets are located in the United States.