| Schedule of segment net loss |
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
($ in thousands) |
|
2025 |
|
2024 |
Revenue |
|
$ |
61,858 |
|
$ |
56,134 |
Less: Segment expenses(1) |
|
|
|
|
|
|
Cost of goods sold – (excluding amortization of acquired intangible assets) |
|
|
20,924 |
|
|
20,879 |
Research and development |
|
|
480 |
|
|
9,857 |
Selling, general and administrative |
|
|
|
|
|
|
Employee related |
|
|
16,969 |
|
|
14,765 |
Sales, operations, outside services and consulting |
|
|
9,522 |
|
|
9,417 |
Marketing related |
|
|
6,279 |
|
|
5,258 |
Stock compensation |
|
|
6,288 |
|
|
5,590 |
Legal and administrative |
|
|
2,428 |
|
|
2,230 |
Product compliance expense |
|
|
1,187 |
|
|
1,632 |
Office and administrative |
|
|
946 |
|
|
739 |
Other |
|
|
749 |
|
|
573 |
Other segment items(2) |
|
|
7,517 |
|
|
(134) |
Segment expenses |
|
|
73,289 |
|
|
70,806 |
Segment loss from operations |
|
$ |
(11,431) |
|
$ |
(14,672) |
|
|
|
|
|
|
|
Reconciliation to net loss: |
|
|
|
|
|
|
Adjustments and reconciling items |
|
|
— |
|
|
— |
Net loss |
|
$ |
(11,431) |
|
$ |
(14,672) |
| (1) |
The significant expense amounts align with the expenses that the CODM is regularly provided with to assess performance and allocate resources. |
| (2) |
Other segment items for the reportable segment include amortization of intangible assets, loss on impairment of intangible assets, loss recovery, interest income (expense), gain on extinguishment of debt, foreign exchange transaction losses and income tax expense.
|
|