Note 7 - Segments and Geographic Information |
6 Months Ended | ||
|---|---|---|---|
Jun. 30, 2026 | |||
| Notes to Financial Statements | |||
| Segment Reporting [Text Block] |
Segment Information
Operating segments are defined as components of an entity for which separate financial information is available and reviewed by the chief operating decision maker ("CODM") in deciding how to allocate resources to an individual segment and in assessing performance. Our CODM is our Chief Executive Officer ("CEO").
Prior to June 18, 2026, our CEO was Joe Vernachio. Effective June 19, 2026, Mr. Vernachio resigned from his role as CEO and a member of the Board of Directors as a result of the closing of the Asset Sale. In connection with Mr. Vernachio's resignation, the Board of Directors appointed Nadia Carlsten to serve as CEO and as a member of the Board of Directors. As a result, we performed an evaluation and determined Dr. Carlsten, CEO, was our CODM after June 18, 2026 and as of June 30, 2026.
We operate operating and reportable segment, as the CODM reviews financial information presented on an aggregate basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. Specifically, our CODM uses consolidated net loss from continuing operations as the measure of segment profit or loss for evaluating performance and allocating resources. The measure of segment assets is reported on the consolidated balance sheets as "Total assets." As of June 30, 2026, there are no other significant expense categories regularly provided to the CODM. There was no change in our operating or reportable segments as a result of the change in CEO during the second quarter of 2026.
Customer Concentration
As of June 30, 2026, the Company had one customer which generated 100% of the Company's revenue from continuing operations.
Geographic Information
The Company's customer is located in the United States.
|