Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies and Estimates (Tables)

v3.23.3
Significant Accounting Policies and Estimates (Tables)
9 Months Ended
Sep. 30, 2023
Accounting Policies [Abstract]  
Schedule of Marketable Securities

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

Schedule of Marketable Securities    

    September 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  
United States treasury bills (due August 10, 2023)     -       485  
Total   $ -     $ 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  
          September 30, 2023        
    Level 1     Level 2     Level 3     Fair Value  
Assets                                                     
Marketable securities:                                      
United States treasury bills   $ -     $ -     $ -     $ -  
Total   $ -     $ -     $ -     $ -  

 

    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  
    September 30,  
    2023     2022  
Contract manufacturing   $ 805     $ 277  
Custom and white label finished goods manufacturing     5       15  
NexGel branded consumer products     356       231  
Other     55       45  
Total   $ 1,221     $ 568  

 

    2023     2022  
    Nine months ended  
    September 30,  
    2023     2022  
Contract manufacturing   $ 2,072     $ 736  
Custom and white label finished goods manufacturing     10       34  
NexGel branded consumer products     850       623  
Other     75       131  
Total   $ 3,007     $ 1,524