Business Segment, Geographic and Major Customer Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Financial information regarding reportable segments

Summarized financial information of the reportable segments is as follows (in thousands):

As of and for the three months ended March 31,	Chemistry Technologies		Data Analytics		Corporate and Other		Total
2023
Revenue from external customers
Products	$	8,561	$	1,941	$	—	$	10,502
Services	664		486		—		1,150
Total revenue from external customers	9,225		2,427		—		11,652
Revenue from related party							—
Products	36,265		—		—		36,265
Services	—		90		—		90
Total revenue from related parties	36,265		90		—		36,355
Gross profit	434		1,446		—		1,880
Change in fair value of Contract Consideration Convertible Notes Payable	(26,095)		—		—		(26,095)
Income (loss) from operations	23,379		457		(5,325)		18,511
Paid-in-kind interest on Contract Consideration Convertible Notes Payable	1,416		—		—		1,416
Paid-in-kind interest on convertible notes payable	—		—		155		155
Depreciation	157		18		1		176
Additions to long-lived assets	30		95		32		157
2022
Revenue from external customers
Products	$	8,909	$	793	$	—	$	9,702
Services	402		278		—		680
Total revenue from external customers	9,311		1,071		—		10,382
Revenue from related party
Products	2,497		—		—		2,497
Services	—		—		—		—
Total revenue from related parties	2,497		—		—		2,497
Gross profit (loss)	(662)		183		—		(479)
Change in fair value of Contract Consideration Convertible Notes Payable	3,892		—		—		3,892
Loss from operations	(6,057)		(808)		(3,419)		(10,284)
Paid-in-kind interest on Contract Consideration Convertible Notes Payable	158		—		—		158
Paid-in-kind interest on convertible notes payable	—		—		327		327
Depreciation	178		16		1		195
Additions to long-lived assets	—		—		—		—

Assets of the Company by reportable segments are as follows (in thousands):

	March 31, 2023		December 31, 2022
Chemistry Technologies	$	142,033	$	146,542
Data Analytics	7,308		5,645
Corporate and Other	14,047		12,623
Total assets	$	163,388	$	164,810

Schedule of Revenue by geographic location

Revenue by geographic location is as follows (in thousands):

	Three months ended March 31,
	2023		2022
U.S. (1)	$	46,126	$	10,334
UAE	1,403		1,311
Other countries	478		1,234
Total revenue	$	48,007	$	12,879

(1) Includes revenue from related party

Schedule of Revenue by major customers

Revenue from major customers, as a percentage of consolidated revenue, is as follows (in thousands):

Three months ended March 31,	Revenue		% of Total Revenue
2023
Customer A (Related Party)	$	36,355	75.7	%
2022
Customer B	$	2,607	20.2	%
Customer C (Related Party)	1,389		10.8	%

Schedule of Expenditure with Major Suppliers by Reporting Segments

Expenditure with major suppliers, as a percentage of consolidated supplier expenditure, is as follows (in thousands):

	Expenditure		% of Total Expenditure
Three months ended March 31,
2023
Supplier A	$	16,954	40.1	%
Supplier B	7,145		16.9	%
Supplier C	4,504		10.6	%
2022
Supplier B	2,117		27.0	%
Supplier D	933		11.9	%