Annual report [Section 13 and 15(d), not S-K Item 405]

Significant Accounting Policies and Estimates (Tables)

v3.26.1
Significant Accounting Policies and Estimates (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value On a Recurring Basis Into the Fair Value Hierarchy

The following table classifies the Company’s assets and liabilities measured at fair value on a recurring basis into the fair value hierarchy as of December 31, 2025 and 2024 (in $ thousands):

 

                                 
    Fair value measured at December 31, 2025  
    Fair value at December 31, 2025     Quoted prices in
active markets
(Level 1)
    Significant other
observable inputs
(Level 2)
    Significant
unobservable inputs
(Level 3)
 
Investment in NexGelRx   $ 249     $ -     $ 249     $ -  
Total fair value   $ 249     $ -     $ 249     $ -  

 

                                 
    Fair value measured at December 31, 2024  
    Fair value at
December 31, 2024
    Quoted prices in
active markets
(Level 1)
    Significant other
observable inputs
(Level 2)
    Significant
unobservable inputs
(Level 3)
 
Warrant liability   $ 296     $ -     $ -     $ 296  
Total fair value   $ 296     $ -     $ -     $ 296  
Schedule of Disaggregated Revenue by Sales Type

Disaggregated revenue by sales type ($ in thousands):

    2025     2024  
    Year Ended  
    December 31,  
    2025     2024  
Contract manufacturing   $ 3,657     $ 2,841  
Custom and white label finished goods manufacturing     27       42  
Consumer branded products     7,320       5,483  
Other     417       322  
Total   $ 11,421     $ 8,688  
Schedule of Contract Liabilities From Contract With Customers

The following table provides information about contract liabilities from contracts with our customers ($ in thousands).

 

    2025     2024  
    Year Ended  
    December 31,  
    2025     2024  
Deferred revenue   $

2

    $ 179  
Total Deferred revenue   $

2

    $ 179  
Schedule of Contract Liabilities Balance

Significant changes in the contract liabilities balance during the period are as follows:

 

    Contract liabilities  
Balance, December 31, 2024   $ 179  
Non-cancelable contracts with customers entered during the period   -  
Revenue recognized related to non-cancelable contracts with customers during the period     (177 )
Balance, December 31, 2025   $ 2