| Schedule of Reportable Segments |
Summarized
financial information concerning the Company’s reportable segments for each of the quarters ended June 30, 2026 and 2025 is presented
below.
Schedule of Reportable Segments
Three
Months Ended June 30, 2026 ($ in thousands)
| |
|
NexGel |
|
|
CGN JV |
|
|
Total |
|
| Revenues, net |
|
$ |
2,881 |
|
|
$ |
805 |
|
|
$ |
3,686 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
1,997 |
|
|
|
580 |
|
|
|
2,577 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Advertising, marketing and amazon fees |
|
|
627 |
|
|
|
- |
|
|
|
627 |
|
| General and administrative |
|
|
2,808 |
|
|
|
159 |
|
|
|
2,967 |
|
| Total Selling, general and administrative |
|
|
3,435 |
|
|
|
159 |
|
|
|
3,594 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
20 |
|
|
|
- |
|
|
|
20 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
3,455 |
|
|
|
159 |
|
|
|
3,614 |
|
| Income (loss) from operations |
|
$ |
(2,571 |
) |
|
$ |
66 |
|
|
$ |
(2,505 |
) |
Three
Months Ended June 30, 2025 ($ in thousands)
| |
|
NexGel |
|
|
CGN JV |
|
|
Total |
|
| Revenues, net |
|
$ |
2,333 |
|
|
$ |
551 |
|
|
$ |
2,884 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
1,283 |
|
|
|
343 |
|
|
|
1,626 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Advertising, marketing and amazon fees |
|
|
622 |
|
|
|
- |
|
|
|
622 |
|
| General and administrative |
|
|
1,139 |
|
|
|
133 |
|
|
|
1,272 |
|
| Total Selling, general and administrative |
|
|
1,761 |
|
|
|
133 |
|
|
|
1,894 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
1,761 |
|
|
|
133 |
|
|
|
1,894 |
|
| Income (loss) from operations |
|
$ |
(711 |
) |
|
$ |
75 |
|
|
$ |
(636 |
) |
Six
Months Ended June 30, 2026 ($ in thousands)
| |
|
NexGel |
|
|
CGN JV |
|
|
Total |
|
| Revenues, net |
|
$ |
4,826 |
|
|
$ |
1,510 |
|
|
$ |
6,336 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
3,152 |
|
|
|
1,014 |
|
|
|
4,166 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Advertising, marketing and amazon fees |
|
|
1,263 |
|
|
|
- |
|
|
|
1,263 |
|
| General and administrative |
|
|
4,046 |
|
|
|
304 |
|
|
|
4,350 |
|
| Total Selling, general and administrative |
|
|
5,309 |
|
|
|
304 |
|
|
|
5,613 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
20 |
|
|
|
- |
|
|
|
20 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
5,329 |
|
|
|
304 |
|
|
|
5,633 |
|
| Income (loss) from operations |
|
$ |
(3,655 |
) |
|
$ |
192 |
|
|
$ |
(3,463 |
) |
Six
Months Ended June 30, 2025 ($ in thousands)
| |
|
NexGel |
|
|
CGN JV |
|
|
Total |
|
| Revenues, net |
|
$ |
4,331 |
|
|
$ |
1,359 |
|
|
$ |
5,690 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
2,326 |
|
|
|
918 |
|
|
|
3,244 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Advertising, marketing and amazon fees |
|
|
1,263 |
|
|
|
- |
|
|
|
1,263 |
|
| General and administrative |
|
|
2,324 |
|
|
|
271 |
|
|
|
2,595 |
|
| Total Selling, general and administrative |
|
|
3,587 |
|
|
|
271 |
|
|
|
3,858 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
|
1 |
|
|
|
- |
|
|
|
1 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
3,588 |
|
|
|
271 |
|
|
|
3,859 |
|
| Income (loss) from operations |
|
$ |
(1,583 |
) |
|
$ |
170 |
|
|
$ |
(1,413 |
) |
Summarized
total assets for the Company’s reportable segments as of June 30, 2026 and December 31, 2025 are presented below:
As
of June 30, 2026 ($ in thousands)
| |
|
NexGel |
|
|
CGN JV |
|
|
Total |
|
| Total Assets |
|
$ |
22,897 |
|
|
$ |
3,550 |
|
|
$ |
26,447 |
|
As
of December 31, 2025 ($ in thousands)
| |
|
NexGel |
|
|
CGN JV |
|
|
Total |
|
| Total Assets |
|
$ |
6,777 |
|
|
$ |
3,684 |
|
|
$ |
10,461 |
|
|