v3.25.1
Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Information [Abstract]  
Segment Information

Note 14 – Segment Information

 

The Company conducts its business activities and reports financial results as one business segment. The presentation of financial results as one reportable segment is consistent with the way the Company operates its business and is consistent with the manner in which the Chief Operating Decision Maker (“CODM”) evaluates performance and makes resource and operating decisions for the business. The Company’s CODM is the Chief Executive Officer. Furthermore, the Company notes that monitoring financial results as one reportable segment helps the CODM manage costs on a consolidated basis, consistent with the integrated nature of the operations. The CODM uses net loss, as reported on the Consolidated Statements of Operations and Comprehensive Loss, in evaluating performance of the Company and determining how to allocate resources of the Company as a whole. As the CODM evaluates performance on a consolidated basis, all required financial segment information is included in the consolidated financial statements.

 

Geographic Information

 

The distribution of revenue by geographical area was as follows:

 

   Three Months Ended
March 31,		 
   2025   2024 
United States  $
—
   $63,503 
United Kingdom   7,246    13,945 
Switzerland   94,384    622,985 
Total  $101,630   $700,433 

The distribution of long-lived assets by geographical area, which includes property and equipment and the Company’s right of use asset, was as follows:

 

  

Three Months Ended

March 31,

 
   2025   2024 
United States  $4,824   $9,677 
Switzerland   140,789    156,446 
Total  $145,613   $166,123