Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies and Estimates (Tables)

v3.23.1
Significant Accounting Policies and Estimates (Tables)
3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Schedule of Marketable Securities

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

Schedule of Marketable Securities 

    March 31,     December 31,  
    2023     2022  
Marketable Securities                
United States treasury bills (due February 23, 2023)   $ -     $ 492  
United States treasury bills (due April 27, 2023)     20       20  
United States treasury bills (due June 15, 2023)     4,384       4,384  
United States treasury bills (due July 13, 2023)     127       127  
United States treasury bills (due August 10, 2023)     485       485  
Total   $ 5,016     $ 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  
          March 31, 2023        
    Level 1     Level 2     Level 3     Fair Value  
Assets                        
Marketable securities:                                
United States treasury bills   $ 5,016     $ -     $ -     $ 5,016  
Total   $ 5,016     $ -     $ -     $ 5,016  

 

    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:

  

revenue   2023     2022  
  Three months ended  
  March 31,  
  2023     2022  
Contract manufacturing   $ 380     $ 135  
Custom and white label finished goods manufacturing     4        
NexGel branded consumer products     222       213  
Other     14       48  
Total   $ 620     $ 396