Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies and Estimates (Tables)

v3.23.2
Significant Accounting Policies and Estimates (Tables)
6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Schedule of Marketable Securities

The Company had the following marketable securities as of June 30, 2023 and December 31, 2022:

Schedule of Marketable Securities  

    June 30,     December 31,  
    2023     2022  
Marketable Securities                
United States treasury bills (due February 23, 2023)   $ -     $ 492  
United States treasury bills (due April 27, 2023)     -       20  
United States treasury bills (due June 15, 2023)     -       4,384  
United States treasury bills (due July 13, 2023)     127       127  
United States treasury bills (due August 10, 2023)     485       485  
Total   $ 612     $ 5,508  
Schedule of Fair Value of Financial Assets

The following table sets forth the fair value of the Company’s financial assets within the fair value hierarchy:

 

    Level 1     Level 2     Level 3     Fair Value  
          June 30, 2023        
    Level 1     Level 2     Level 3     Fair Value  
Assets                                
Marketable securities:                                      
United States treasury bills   $ 612     $      -     $ -     $ 612  
Total   $ 612     $ -     $ -     $ 612  

 

    Level 1     Level 2     Level 3     Fair Value  
          December 31, 2022        
    Level 1     Level 2     Level 3     Fair Value  
Assets                                
Marketable securities:                                
United States treasury bills   $ 5,508     $       -     $      -     $ 5,508  
Total   $ 5,508     $ -     $ -     $ 5,508  
Schedule of Disaggregated Revenue by Sales Type

Disaggregated revenue by sales type:

  

    2023     2022  
    Three months ended  
    June 30,  
    2023     2022  
Contract manufacturing   $ 887     $ 324  
Custom and white label finished goods manufacturing           19  
NexGel branded consumer products     259       180  
Other     21       38  
Total   $ 1,167     $ 561  

 

 

    2023     2022  
    Six months ended  
    June 30,  
    2023     2022  
Contract manufacturing   $ 1,267     $ 459  
Custom and white label finished goods manufacturing     4       19  
NexGel branded consumer products     493       392  
Other     22       86  
Total   $ 1,786     $ 956