v3.26.1
Note 14 - Phaseone Divestiture (Tables)
12 Months Ended
Dec. 31, 2025
Wound Care [Member]  
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
   

As of

December 31,

2024

 

ASSETS

       

Current assets:

       

Accounts receivable, net

  $ 6  

Inventory

    48  

Total current assets, discontinued operations

  $ 54  
         

LIABILITIES

       

Liabilities:

       

Current liabilities:

       

Accounts payable

  $ 43  

Total current liabilities, discontinued operations

  $ 43  
   

For the years ended

December 31,

 
   

2025

   

2024

 
                 

Net sales

  $ 122     $ 258  

Cost of goods sold

    75       147  

Gross profit

    47       111  

Operating expenses:

               

Research and development

    3       40  

Total operating expenses

    3       40  

Operating income

    44       71  

Gain on divestiture

    500        

Net income from discontinued operations before income taxes

    544       71  

Provision for income taxes

    14        
                 

Net income from discontinued operations, net of taxes

  $ 530     $ 71  
   

For the years ended

December 31,

 
   

2025

   

2024

 
                 

Operating activities:

               

Net income from discontinued operations

  $ 530     $ 71  

Adjustments to reconcile net loss to net cash used in operating activities:

               

Non-cash gain on divestiture

    (500 )      

Changes in operating assets and liabilities:

               

Accounts receivable

    6       6  

Inventory

    43       12  

Accounts payable and accrued liabilities

    (38 )     (21 )

Net cash provided by operating activities, discontinued operations

    45       68  
                 

Investing activities:

               

Proceeds from divestiture

    500        

Net cash provided by investing activities, discontinued operations

    500        
                 

Net increase in cash and cash equivalents, discontinued operations

  $ 541     $ 68