| Schedule of Net Income (Loss) for Segment |
The
following is a summary of the significant revenue and expense categories, and net income (loss) provided to the CODM (in thousands):
Schedule
of Net Income (Loss) for Segment
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Net revenue: | |
| | | |
| | | |
| | | |
| | |
| Product revenues | |
$ | 5,701 | | |
$ | 4,311 | | |
$ | 10,741 | | |
$ | 9,017 | |
| Service, royalty, and other revenues | |
| 316 | | |
| 108 | | |
| 488 | | |
| 279 | |
| Total net revenues | |
| 6,017 | | |
| 4,419 | | |
| 11,229 | | |
| 9,296 | |
| Cost of goods sold (1) | |
| 1,991 | | |
| 1,624 | | |
| 4,210 | | |
| 3,347 | |
| Gross Margin | |
| 4,026 | | |
| 2,795 | | |
| 7,019 | | |
| 5,949 | |
| Operating expenses: | |
| | | |
| | | |
| | | |
| | |
| Research and development | |
| 366 | | |
| 311 | | |
| 712 | | |
| 606 | |
| Selling, general and administrative | |
| 2,418 | | |
| 2,201 | | |
| 4,939 | | |
| 4,455 | |
| Other operating expenses (2) | |
| 29 | | |
| 35 | | |
| 58 | | |
| 74 | |
| Total operating expenses | |
| 2,813 | | |
| 2,547 | | |
| 5,709 | | |
| 5,135 | |
| Operating income | |
| 1,213 | | |
| 248 | | |
| 1,310 | | |
| 814 | |
| Other expense | |
| (3 | ) | |
| (2 | ) | |
| 40 | | |
| (10 | ) |
| Income tax expense | |
| (13 | ) | |
| (9 | ) | |
| (13 | ) | |
| (9 | ) |
| Net income | |
$ | 1,197 | | |
$ | 237 | | |
$ | 1,337 | | |
$ | 795 | |
| (1) |
Cost
of goods sold for the three and six months ended June 30, 2026 includes a tariff refund benefit of approximately $624,000. |
| (2) |
Other
operating expenses is comprised of depreciation and amortization. |
|