Quarterly report pursuant to Section 13 or 15(d)

Operating Segments (Tables)

v3.24.3
Operating Segments (Tables)
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

 

Segment Reporting for the Quarter Ended September 30, 2024

 

                      (1)        
    Treatment     Services     Segments Total     Corporate (1)     Consolidated Total   
Revenue from external customers   $ 9,064     $ 7,748     $ 16,812     $                        $ 16,812  
Intercompany revenues     13       23       36              
Gross profit     410       924       1,334             1,334  
Research and development     205       34       239       64       303  
Interest income     6             6       286       292  
Interest expense     (37 )     (3 )     (40 )     (81 )     (121 )
Interest expense-financing fees                       (18 )     (18 )
Depreciation and amortization     370       44       414       19       433  
Segment loss     (4,902 )     (2,294 )     (7,196 )     (1,610 )     (8,806 )(4)
Expenditures for segment assets     1,203       180       1,383             1,383 (2)

 

Segment Reporting for the Quarter Ended September 30, 2023

 

                      (1)        
    Treatment     Services     Segments Total     Corporate (1)     Consolidated Total  
Revenue from external customers   $ 10,795     $ 11,082     $ 21,877     $                        $ 21,877  
Intercompany revenues     4       88       92              
Gross profit     1,494       3,055       4,549             4,549  
Research and development     102       1       103       17       120  
Interest income                       146       146  
Interest expense     (23 )     (1 )     (24 )     (65 )     (89 )
Interest expense-financing fees                       (36 )     (36 )
Depreciation and amortization     584       88       672       14       686  
Segment income (loss)     1,014       1,120       2,134       (1,888 )     246  
Expenditures for segment assets     333       7       340             340 (3)

 

Segment Reporting for the Nine Months Ended September 30, 2024

 

                      (1)        
    Treatment     Services     Segments Total     Corporate (1)     Consolidated Total   
Revenue from external customers   $ 26,116     $ 18,299     $ 44,415     $                       $ 44,415  
Intercompany revenues     67       52       119              
Gross (loss) profit     (839 )     247       (592 )           (592 )
Research and development     609       87       696       176       872  
Interest income     7             7       672       679  
Interest expense     (107 )     (4 )     (111 )     (235 )     (346 )
Interest expense-financing fees                       (47 )     (47 )
Depreciation and amortization     1,104       133       1,237       58       1,295  
Segment loss     (7,416 )     (3,713 )     (11,129 )     (4,920 )     (16,049 )(4)
Expenditures for segment assets     1,820       404       2,224             2,224 (2)

 

Segment Reporting for the Nine Months Ended September 30, 2023

 

                      (1)        
    Treatment     Services     Segments Total     Corporate (1)     Consolidated Total   
Revenue from external customers   $ 33,223     $ 33,793     $ 67,016     $                       $ 67,016  
Intercompany revenues     234       124       358              
Gross profit     5,237       6,837       12,074             12,074  
Research and development     260       11       271       69       340  
Interest income                       445       445  
Interest expense     (68 )     (2 )     (70 )     (119 )     (189 )
Interest expense-financing fees                       (80 )     (80 )
Depreciation and amortization     1,745       337       2,082       42       2,124  
Segment income (loss)     2,619       2,933       5,552       (5,104 )     448  
Expenditures for segment assets     1,376       10       1,386             1,386 (3)

 

(1) Amounts reflect the activity for corporate headquarters not included in the segment information.

 

(2) Net of financed amount of $361,000 and $406,000 for the three and nine months ended September 30, 2024, respectively.

 

(3) Net of financed amount of $152,000 and $309,000 for the three and nine months ended September 30, 2023, respectively.

 

(4)   Includes tax expense recorded in the amount of approximately $6,417,000 in the third quarter of 2024 in connection with a full valuation allowance against the Company’s U.S. deferred tax assets (see “Note 13 – Income Taxes” below for a discussion of this tax expense).