v3.26.1
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting [Text Block]

NOTE 16 – SEGMENT INFORMATION

 

FASB ASC 280, “Segment Reporting,” establishes standards for reporting information about reportable segments. Operating segments are defined as components of an enterprise about which separate financial information is available and is evaluated regularly by the chief operating decision maker, or decision-making group (“CODM”), in deciding how to allocate resources and in assessing performance. The CODM evaluates revenue by product line and operating expenses by significant category to assess financial performance and allocate resources. The CODM’s primary measure of segment performance is operating loss, as presented below.

 

The following provides information required by ASC 280-10-50-38 “Entity-wide Information”:

 

1) The table below shows revenue reported by segment and the geographic location of customers:

 

   (in thousands)
Three months ended
March 31,		 
   2026
($)		   2025
($)		 
Life Sciences segment        
United States (U.S.)        
Wellness and lifestyle   23    12 
White-labeling services   294    318 
Total   317    330 

 

All revenue for both periods presented was generated from customers located in the United States. For information on revenue by product and service, please refer to Note 2, “Summary of Significant Accounting Policies”.

2) The table below shows the significant expense categories regularly provided to the CODM in assessing segment performance:

 

   (in thousands)
Three months ended
March 31,		 
   2026($)   2025($) 
United States (U.S.)        
Revenue   317    330 
Cost of revenue   (262)   (176)
Selling, general, and administrative expenses   (714)   (115)
Research and development expenses   (451)   (549)
Common stock-based compensation and expenses, net   (887)   (422)
Operating loss   (1,997)   (932)
Others          
Selling, general, and administrative expenses   (148)   (202)
Research and development expenses   (192)   (246)
Common stock-based compensation and expenses, net   (121)   (33)
Operating loss   (461)   (481)
Total Operating loss   (2,458)   (1,413)

 

3) The table below shows the non-current assets other than financial instruments held in the country of domicile and foreign countries.

 

   (in thousands) 
Nature of assets  USA
(Country
of Domicile)
($)		   Foreign
Countries
(India and
Colombia)
($)		   Total
as of
March 31,
2026
($)		 
Intangible assets, net   5,268    -    5,268 
Property, plant, and equipment, net   2,038    65    2,103 
Claims and advances   410    249    659 
Operating lease asset   -    8    8 
Total non-current assets   7,716    322    8,038 

 

   (in thousands) 
Nature of assets  USA
(Country of
Domicile)
($)		   Foreign
Countries
(India and
Colombia)
($)		  

Total
as of
December 31,
2025
($)

 
Intangible assets, net   5,101    -    5,101 
Property, plant, and equipment, net   2,073    68    2,141 
Claims and advances   410    259    669 
Operating lease asset   -    11    11 
Total non-current assets   7,584    338    7,922