v3.26.1
Note 6 - Segment Information
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

6. 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):

 

  

Three months ended June 30,

  

Six months ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Revenues

 $477  $599  $1,091  $1,112 
                 

Costs and expenses(a):

                

Cost of revenues

  9   5   13   14 

Product R&D

  75   44   140   85 

General and administrative, including rent

  362   350   682   546 

Payroll and related

  1,878   1,917   3,530   3,620 

Professional fees and IP

  307   290   841   659 

Marketing and travel

  159   94   257   254 

Total costs and expenses

  2,790   2,700   5,463   5,178 

Other segment items(b)

  (8)  (9)  (20)  (9)

Other income, net

  183   126   392   281 

Loss before provision for income taxes

  (2,138)  (1,984)  (4,000)  (3,794)

Provision for (benefit from) income taxes

  1   -   2   (10)

Loss from continuing operations

 $(2,139) $(1,984) $(4,002) $(3,784)

 

(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 depreciation and amortization and payroll and related - re-allocated to cost of revenues.

 

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

 

  June 30, 2026  December 31, 2025 

United States

 $64  $72 

Sweden

  1,194   528 

Total

 $1,258  $600 

 

 

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):

 

  

Three months ended June 30,

 
  

2026

  

2025

 
  

Amount

  

Percentage

  

Amount

  

Percentage

 

Japan

 $229   48.0% $262   43.6%

Sweden

  149   31.2%  204   34.1%

Germany

  6   1.3%  13   2.2%

China

  -   -%  4   0.7%

South Korea

  -   -%  1   0.2%
  $384   80.5% $484   80.8%

United States

  93   19.5%  115   19.2%

Total

 $477   100.0% $599   100.0%

 

  

Six months ended June 30,

 
  

2026

  

2025

 
  

Amount

  

Percentage

  

Amount

  

Percentage

 

Japan

 $659   60.4% $612   55.0%

Sweden

  206   18.9%  237   21.3%

Germany

  13   1.2%  23   2.1%

China

  1   0.1%  10   0.9%

South Korea

  -   -%  1   0.1%

Other

  -   -%  1   0.1%
  $879   80.6% $884   79.5%

United States

  212   19.4%  228   20.5%

Total

 $1,091   100.0% $1,112   100.0%