| Schedule of Reportable Segments |
Summarized
financial information concerning the Company’s reportable segments for the years ended December 31, 2025 and 2024 is presented
below.
Schedule of Reportable Segments
For
Year Ended December 31, 2025 ($ in thousands)
| |
|
NexGel |
|
|
CG Labs |
|
|
Total |
|
| Revenues |
|
|
8,613 |
|
|
|
2,808 |
|
|
|
11,421 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of sales |
|
|
4,921 |
|
|
|
1,991 |
|
|
|
6,912 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Advertising, marketing and amazon fees |
|
|
2,502 |
|
|
|
- |
|
|
|
2,502 |
|
| General and administrative |
|
|
4,815 |
|
|
|
542 |
|
|
|
5,357 |
|
| Total Selling, general and administrative |
|
|
7,317 |
|
|
|
542 |
|
|
|
7,859 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
2 |
|
|
|
- |
|
|
|
2 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
7,319 |
|
|
|
542 |
|
|
|
7,861 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from operations |
|
$ |
(3,627 |
) |
|
$ |
275 |
|
|
$ |
(3,352 |
) |
For
Year Ended December 31, 2024 ($ in thousands)
| |
|
NexGel |
|
|
CG Labs |
|
|
Total |
|
| Revenues |
|
|
6,631 |
|
|
|
2,057 |
|
|
|
8,688 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of sales |
|
|
4,209 |
|
|
|
1,731 |
|
|
|
5,940 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Advertising, marketing and amazon fees |
|
|
2,220 |
|
|
|
- |
|
|
|
2,220 |
|
| General and administrative |
|
|
3,409 |
|
|
|
595 |
|
|
|
4,004 |
|
| Total Selling, general and administrative |
|
|
5,629 |
|
|
|
595 |
|
|
|
6,224 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
78 |
|
|
|
- |
|
|
|
78 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
5,707 |
|
|
|
595 |
|
|
|
6,302 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from operations |
|
$ |
(3,285 |
) |
|
$ |
(269 |
) |
|
$ |
(3,554 |
) |
As
of December 31, 2025 ($ in thousands)
| |
|
NexGel |
|
|
CG Labs |
|
|
Total |
|
| Total Assets |
|
$ |
6,777 |
|
|
$ |
3,684 |
|
|
$ |
10,461 |
|
As
of December 31, 2024 ($ in thousands)
| |
|
NexGel |
|
|
CG Labs |
|
|
Total |
|
| Total Assets |
|
$ |
7,721 |
|
|
$ |
3,262 |
|
|
$ |
10,983 |
|
|