v3.26.1
Note 10 - Segment Information
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

10.

Segment Information

 

The Company operates as one operating segment. Our chief operating decision maker ("CODM") is our Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated operating loss and net loss to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the allocation of budget between cost of revenues, research and development, sales and marketing, and general and administrative expenses.

 

The following table presents key financial information with respect to the Company’s single operating segment (in thousands):

 

  

Years ended December 31,

 
  

2025

  

2024

 

Revenues

 $2,062  $3,108 
         

Costs and expenses(a):

        

Cost of revenues

  26   116 

Product R&D

  195   151 

General and administrative, including rent

  1,138   1,297 

Payroll and related

  6,736   6,332 

Professional fees and IP

  1,651   1,351 

Marketing and travel

  429   483 

Total costs and expenses

  10,175   9,730 

Other segment items(b)

  15,484   75 

Other income, net

  657   687 

Income (loss) before provision (benefit) for income taxes

  8,028   (5,860)

Provision (benefit) for income taxes

  (9)  15 

Income (loss) from continuing operations

 $8,037  $(5,875)

 

(a)

The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision-maker.

(b)

Other segment items primarily include net proceeds from patent settlement, depreciation and amortization, payroll and related - re-allocated to cost of revenues, and stock options expense.

 

The following table presents the long-lived assets property and equipment and right-of-use assets by geographic area (in thousands):

 

  December 31, 
  

2025

  

2024

 

United States

 $72  $- 

Sweden

  528   696 

Total

 $600  $696 

 

We report revenues from external customers based on the country where the customer is located. The following table presents net revenues by country (in thousands, except percentages):

 

  

Years ended December 31,

 
  

2025

  

2024

 
  

Amount

  

Percentage

  

Amount

  

Percentage

 

Japan

 $1,276   62.0% $1,731   55.8%

Sweden

  300   14.5%  365   11.7%

Germany

  42   2.0%  116   3.7%

China

  16   0.8%  97   3.1%

South Korea

  1   -%  31   1.0%

Other

  2   0.1%  5   0.2%
  $1,637   79.4% $2,345   75.5%

United States

  425   20.6%  763   24.5%

Total

 $2,062   100.0% $3,108   100.0%