| Schedule of Segment Reporting Information, by Segment |
The following table presents financial information with respect to the Company’s single operating segment, including significant segment expenses, which are regularly provided to the CODM and included within consolidated operating loss:
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
|
2025 |
|
|
2024 |
|
Revenues |
|
$ |
28,508,000 |
|
|
$ |
30,776,000 |
|
Cost of revenue |
|
|
15,323,000 |
|
|
|
30,396,000 |
|
Operating expenses |
|
|
|
|
|
|
Salaries, wages, and benefits |
|
|
24,353,000 |
|
|
|
51,136,000 |
|
Contracted services |
|
|
9,304,000 |
|
|
|
18,892,000 |
|
Non-inventory materials |
|
|
953,000 |
|
|
|
2,716,000 |
|
Consulting |
|
|
1,203,000 |
|
|
|
4,659,000 |
|
Rent and facilities |
|
|
2,553,000 |
|
|
|
4,095,000 |
|
Depreciation and amortization |
|
|
7,161,000 |
|
|
|
8,826,000 |
|
Travel and entertainment |
|
|
619,000 |
|
|
|
1,654,000 |
|
Administrative and other |
|
|
378,000 |
|
|
|
12,385,000 |
|
Total operating expenses |
|
|
46,524,000 |
|
|
|
104,363,000 |
|
Loss from operations |
|
$ |
(33,339,000 |
) |
|
$ |
(103,983,000 |
) |
|