SEGMENT AND ENTITY-WIDE INFORMATION |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Segment Reporting [Abstract] | |
| SEGMENT AND ENTITY-WIDE INFORMATION | 12. SEGMENT AND ENTITY-WIDE INFORMATION
The Company operates as a single reportable operating segment. Operating segments are identified based on the manner in which the Company’s Chief Operating Decision Maker (“CODM”), who is the Company’s Chief Executive Officer, reviews financial information for purposes of allocating resources and assessing performance.
The CODM reviews financial results and manages the business on a consolidated basis, without differentiation by product line, geographic region, or legal entity. Accordingly, the Company has determined that it has one operating and one reportable segment.
The measure of segment profit or loss used by the CODM is consolidated net loss, as reported in the condensed consolidated statements of operations. The significant expense categories included in the measure of segment profit or loss and regularly reviewed by the CODM include cost of goods sold, payroll, benefits and related taxes, professional fees, consulting expenses, other selling, general and administrative expenses.
The accounting policies of the reportable segment are the same as those described in the summary of significant accounting policies. The Company has no intersegment revenues.
For the three months ended March 31, 2026 and 2025, one third-party customer accounted for approximately 5% and 31% of the Company’s net sales. These revenues were generated within the Company’s single reportable segment.
For the three months ended March 31, 2026 and 2025, sales to a related party, accounted for approximately 43% and 33% of total revenues, respectively. These sales are included within the Company’s single reportable operating segment. See Note 13 – Related Party Transactions for additional information.
|