v3.25.1
Business Segmentation and Geographical Distribution (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Significant segment expenses, which are the same as the entity as a whole, are as follows:

The Chief Operating Decision Maker uses gross profit and net income to evaluate Company performance and in what way to allocate resources. Significant segment expenses, which are the same as the entity as a whole, are as follows: 

 

             
   For the three months ended March 31, 
   2025   2024 
Total revenue  $14,625   $9,868 
           
Employee costs   3,366    3,047 
Contractors and professional services   3,418    1,194 
Materials and supplies   5,110    2,324 
Depreciation   225    234 
Interest expense   176    218 
Tax expense   29    31 
Facilities   943    724 
Shipping   257    268 
Testing   190    194 
IT services   334    231 
Insurance   201    182 
Manufacturing other expense   (110)   181 
Selling, general and administrative expense   406    147 
Total Expense   14,545    8,975 
           
Net Income  $80   $893 
The revenues for the three months ended March 31,2025 and 2024 by category are as follows:

Our operations comprise a single business segment and all of our long-lived assets are located within the United States. We categorize our revenue stream into three main product categories, personal care ingredients, advanced materials and consumer products. The revenues for the three months ended March 31,2025 and 2024 by category are as follows:

 

  

For the three months ended

March 31

 
Product Category  2025   2024 
Consumer Products  $12,882   $8,104 
Personal Care Ingredients   1,373    1,376 
Advanced Materials   370    388 
Total Sales  $14,625   $9,868