v3.25.2
Business Segments (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Financial Information
The following tables set forth financial information by segment:
Three months ended June 30, 2025Consumer Products segmentIngredients segmentAnalytical Reference Standards and Services segmentCorporate and otherTotal
(In thousands)
Net sales$22,699 $7,619 $799 $— $31,117 
Cost of sales7,453 2,808 630 — 10,891 
Gross profit 15,246 4,811 169 — 20,226 
Operating expenses:
Sales and marketing
Advertising2,882 — — — 2,882 
Marketing2,514 45 — — 2,559 
Selling2,678 7 81 — 2,766 
Research and development1,169 398 — — 1,567 
General and administrative— — — 7,267 7,267 
Operating expenses9,243 450 81 7,267 17,041 
Operating income (loss)$6,003 $4,361 $88 $(7,267)$3,185 

Three months ended June 30, 2024Consumer Products segmentIngredients segmentAnalytical Reference Standards and Services segmentCorporate and otherTotal
(In thousands)
Net sales$18,647 $3,301 $791 $— $22,739 
Cost of sales6,785 1,545 716 — 9,046 
Gross profit11,862 1,756 75 — 13,693 
Operating expenses:
Sales and marketing
Advertising2,548 — — — 2,548 
Marketing2,069 50 3 — 2,122 
Selling2,160 16 123 — 2,299 
Research and development1,135 181 — — 1,316 
General and administrative— — — 5,664 5,664 
Operating expenses7,912 247 126 5,664 13,949 
Operating income (loss)$3,950 $1,509 $(51)$(5,664)$(256)
Six Months Ended June 30, 2025Consumer Products segmentIngredients segmentAnalytical Reference Standards and Services segmentCorporate and otherTotal
(In thousands)
Net sales$44,200 $15,788 $1,610 $— $61,598 
Cost of sales14,860 5,909 1,272 — 22,041 
Gross profit29,340 9,879 338 — 39,557 
Operating expenses:
Sales and marketing
Advertising5,858 — — — 5,858 
Marketing4,967 70 — — 5,037 
Selling5,185 56 188 — 5,429 
Research and development2,081 744 — — 2,825 
General and administrative— — — 12,451 12,451 
Operating expenses18,091 870 188 12,451 31,600 
Operating income (loss)$11,249 $9,009 $150 $(12,451)$7,957 

Six Months Ended June 30, 2024Consumer Products segmentIngredients segmentAnalytical Reference Standards and Services segmentCorporate and otherTotal
(In thousands)
Net sales$35,998 $7,389 $1,505 $— $44,892 
Cost of sales12,939 3,382 1,422 — 17,743 
Gross profit
23,059 4,007 83 — 27,149 
Operating expenses:
Sales and marketing
Advertising5,035 — — — 5,035 
Marketing3,966 62 4 — 4,032 
Selling4,372 16 254 — 4,642 
Research and development2,830 581 — — 3,411 
General and administrative— — — 11,016 11,016 
Operating expenses16,203 659 258 11,016 28,136 
Operating income (loss)$6,856 $3,348 $(175)$(11,016)$(987)
Schedule of Disaggregation of Revenue Disaggregated revenues are as follows:
Three Months Ended June 30, 2025Consumer Products SegmentIngredients SegmentAnalytical Reference Standards and Services SegmentTotal
(In thousands)
Tru Niagen®, Consumer Product$22,699 $— $— $22,699 
Food-grade Niagen®
— 5,994 — 5,994 
Pharmaceutical-grade Niagen®
— 1,390 — 1,390 
Subtotal Niagen® Related22,699 7,384 — 30,083 
Other Ingredients— 235 — 235 
Reference Standards— — 772 772 
Consulting and Other— — 27 27 
Subtotal Other Goods and Services— 235 799 1,034 
Total Net Sales$22,699 $7,619 $799 $31,117 

Three Months Ended June 30, 2024Consumer Products SegmentIngredients SegmentAnalytical Reference Standards and Services SegmentTotal
(In thousands)
Tru Niagen®, Consumer Product$18,647 $— $— $18,647 
Food-grade Niagen®— 3,144 — 3,144 
Subtotal Niagen® Related18,647 3,144 — 21,791 
Other Ingredients— 157 — 157 
Reference Standards— — 755 755 
Consulting and Other— — 36 36 
Subtotal Other Goods and Services— 157 791 948 
Total Net Sales$18,647 $3,301 $791 $22,739 
Six Months Ended June 30, 2025Consumer Products SegmentIngredients SegmentAnalytical Reference Standards and Services SegmentTotal
(In thousands)
Tru Niagen®, Consumer Product$44,200 $— $— $44,200 
Food-grade Niagen®— 12,968 — 12,968 
Pharmaceutical-grade Niagen®— 2,390 — 2,390 
Subtotal Niagen® Related44,200 15,358 — 59,558 
Other Ingredients— 430 — 430 
Reference Standards— — 1,570 1,570 
Consulting and Other— — 40 40 
Subtotal Other Goods and Services— 430 1,610 2,040 
Total Net Sales$44,200 $15,788 $1,610 $61,598 

Six Months Ended June 30, 2024Consumer Products SegmentIngredients SegmentAnalytical Reference Standards and Services SegmentTotal
(In thousands)
Tru Niagen®, Consumer Product$35,998 $— $— $35,998 
Food-grade Niagen®— 7,232 — 7,232 
Subtotal Niagen® Related35,998 7,232 — 43,230 
Other Ingredients— 157 — 157 
Reference Standards— — 1,436 1,436 
Consulting and Other— — 69 69 
Subtotal Other Goods and Services— 157 1,505 1,662 
Total Net Sales$35,998 $7,389 $1,505 $44,892 
Schedule of Major Customers Percentage of net sales from major customers of the Company’s consumer products segment and ingredients segment for the periods indicated were as follows:
Three Months Ended June 30,Six Months Ended June 30,
Major Customers2025202420252024
A.S. Watson Group - Former Related Party (1)*16.4 %*14.9 %
Life Extension10.2 %*12.7 %11.4 %
* Represents less than 10%
(1) For additional information regarding the relationship between the Company and A.S. Watson Group, see Note 6, Related Party Transactions.
The percentage of the amounts due from major customers to total trade receivables, net for the periods indicated were as follows:
Percentage of the Company's Total Trade Receivables
Major CustomersAt June 30, 2025At December 31, 2024
A.S. Watson Group - Former Related Party (1)24.1 %47.6 %
Amazon Marketplaces12.2 %14.3 %
Life Extension22.0 %*
Wells Pharma of Houston13.4 %10.3 %
* Represents less than 10%
(1) For additional information regarding the relationship between the Company and A.S. Watson Group, see Note 6, Related Party Transactions.