| Schedule of Reportable Segments |
Summarized
financial information concerning the Company’s reportable segments for each of the quarters ended March 31, 2026 and 2025 is presented
below.
Schedule of Reportable Segments
For
Quarter Ended March 31, 2026 ($ in thousands)
| |
|
NexGel |
|
|
CGN JV |
|
|
Total |
|
| Revenues, net |
|
$ |
1,945 |
|
|
$ |
705 |
|
|
$ |
2,650 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
1,154 |
|
|
|
435 |
|
|
|
1,589 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Advertising, marketing and amazon fees |
|
|
635 |
|
|
|
- |
|
|
|
635 |
|
| General and administrative |
|
|
1,239 |
|
|
|
145 |
|
|
|
1,384 |
|
| Total Selling, general and administrative |
|
|
1,874 |
|
|
|
145 |
|
|
|
2,019 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
1,874 |
|
|
|
145 |
|
|
|
2,019 |
|
| Income (loss) from operations |
|
$ |
(1,083 |
) |
|
$ |
125 |
|
|
$ |
(958 |
) |
For
Quarter Ended March 31, 2025 ($ in thousands)
| |
|
NexGel |
|
|
CGN JV |
|
|
Total |
|
| Revenues, net |
|
$ |
1,998 |
|
|
$ |
808 |
|
|
$ |
2,806 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
1,043 |
|
|
|
575 |
|
|
|
1,618 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Advertising, marketing and amazon fees |
|
|
641 |
|
|
|
- |
|
|
|
641 |
|
| General and administrative |
|
|
1,185 |
|
|
|
138 |
|
|
|
1,323 |
|
| Total Selling, general and administrative |
|
|
1,826 |
|
|
|
138 |
|
|
|
1,964 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
1 |
|
|
|
- |
|
|
|
1 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
1,827 |
|
|
|
138 |
|
|
|
1,965 |
|
| Income (loss) from operations |
|
$ |
(872 |
) |
|
$ |
95 |
|
|
$ |
(777 |
) |
Summarized total assets for the Company’s reportable segments as of March 31, 2026 and December 31, 2025 are presented below:
As
of March 31, 2026 ($ in thousands)
| |
|
NexGel |
|
|
CG Labs |
|
|
Total |
|
| Total Assets |
|
$ |
7,902 |
|
|
$ |
3,696 |
|
|
$ |
11,598 |
|
As
of December 31, 2025 ($ in thousands)
| |
|
NexGel |
|
|
CG Labs |
|
|
Total |
|
| Total Assets |
|
$ |
6,777 |
|
|
$ |
3,684 |
|
|
$ |
10,461 |
|
|