Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies and Estimates (Tables)

v3.22.2
Significant Accounting Policies and Estimates (Tables)
6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of Marketable Securities

 

    June 30, 2022  
Marketable Securities        
Cash equivalents:        
United States treasury bills (due August 23, 2022)   $ 1,497  
         
Marketable securities:        
United States treasury bills (due December 29, 2022)    

494

 
United States treasury bills (due February 23, 2023)    

493

 
United States treasury bills (due June 15, 2023)   4,384  
Total marketable securities    

5,371 

 
Total   $ 6,868  
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  
    June 30, 2022  
    Level 1     Level 2     Level 3     Fair Value  
Assets                                
Cash equivalents:                                
United States treasury bills   $ 1,497     $     $     $ 1,497  
                                 
Marketable securities:                                
United States treasury bills   $ 5,371     $     $     $ 5,371  
Total   $ 6,868     $     $     $ 6,868  
Schedule of Disaggregated Revenue by Sales Type

Disaggregated revenue by sales type:

 

    2022     2021  
    Three months ending  
    June 30,  
    2022     2021  
Contract manufacturing   $ 324     $ 153  
Custom and white label finished goods manufacturing     19       153  
NexGel branded consumer products     180       111  
Other     38        
Total   $ 561     $ 417  

 

    2022     2021  
    Six months ending  
    June 30,  
    2022     2021  
Contract manufacturing   $ 459     $ 379  
Custom and white label finished goods manufacturing     19       194  
NexGel branded consumer products     392       110  
Other     86        
Total   $ 956     $ 683