Business Segment, Geographic and Major Customer Information (Tables)

9 Months Ended

Sep. 30, 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 September 30,	Chemistry Technologies		Data Analytics		Corporate and Other		Total
2023
Revenue from external customers
Products	$	15,764	$	1,025	$	—	$	16,789
Services	562		455		—		1,017
Total revenue from external customers	16,326		1,480		—		17,806
Revenue from related party
Products	29,076		—		—		29,076
Services	176		210		—		386
Total revenue from related parties	29,252		210		—		29,462
Gross profit	8,240		807		—		9,047
Income (loss) from operations	5,519		(37)		(3,863)		1,619
Depreciation	149		26		6		181
Additions to long-lived assets	—		135		—		135
2022
Revenue from external customers
Products	$	12,855	$	1,302	$	—	$	14,157
Services	656		393		—		1,049
Total revenue from external customers	13,511		1,695		—		15,206
Revenue from related party
Products	30,417		—		—		30,417
Total revenue from related parties	30,417		—		—		30,417
Gross profit (loss)	(2,406)		564		—		(1,842)
Change in fair value of Contract Consideration Convertible Notes Payable	4,250		—		—		4,250
Loss from operations	(10,603)		(745)		(4,931)		(16,279)
Paid-in-kind interest on convertible notes payable	—		—		483		483
Depreciation	162		14		1		177
Additions to long-lived assets	25		33		112		170

As of and for the nine months ended September 30,	Chemistry Technologies		Data Analytics		Corporate and Other		Total
2023
Revenue from external customers
Products	$	39,150	$	4,586	$	—	$	43,736
Services	1,870		1,672		—		3,542
Total revenue from external customers	41,020		6,258		—		47,278
Revenue from related party
Products	97,956		2		—		97,958
Services	179		455		—		634
Total revenue from related parties	98,135		457		—		98,592
Gross profit	11,279		3,554		—		14,833
Change in fair value of Contract Consideration Convertible Notes Payable	(29,969)		—		—		(29,969)
Income (loss) from operations	32,694		550		(12,440)		20,804
Paid-in-kind interest on Contract Consideration Convertible Notes Payable	2,129		—		—		2,129
Paid-in-kind interest on convertible notes payable	—		—		155		155
Depreciation	462		61		7		530
Additions to long-lived assets	30		230		32		292
2022
Revenue from external customers
Products	$	33,501	$	2,393	$	—	$	35,894
Services	1,432		1,086		—		2,518
Total revenue from external customers	34,933		3,479		—		38,412
Revenue from related party
Products	49,462		—		—		49,462
Total revenue from related parties	49,462		—		—		49,462
Gross profit (loss)	(4,637)		11		—		(4,626)
Change in fair value of Contract Consideration Convertible Notes Payable	(9,016)		—		—		(9,016)
Loss from operations	(1,716)		(2,751)		(14,057)		(18,524)
Paid-in-kind interest on Contract Consideration Convertible Notes Payable	2,586		—		—		2,586
Paid-in-kind interest on convertible notes payable	—		—		1,276		1,276
Depreciation	507		45		2		554
Additions to long-lived assets	30		33		112		175

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

	September 30, 2023		December 31, 2022
Chemistry Technologies	$	134,489	$	146,542
Data Analytics	7,124		5,645
Corporate and Other	10,903		12,623
Total assets	$	152,516	$	164,810

Schedule of revenue by geographic location

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

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
U.S. (1)	$	46,401	$	42,670	$	141,251	$	78,959
Other countries	867		2,953		4,619		8,915
Total revenue	$	47,268	$	45,623	$	145,870	$	87,874

(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 September 30,	Revenue		% of Total Revenue
2023
Customer A (Related Party)	$	29,462	62.3	%
2022
Customer A (Related Party)	$	30,417	66.7	%

Nine months ended September 30,	Revenue		% of Total Revenue
2023
Customer A (Related Party)	$	98,592	67.6	%
2022
Customer A (Related Party)	$	48,074	54.7	%
Customer B	10,905		12.4	%

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):

Three months ended September 30,	Expenditure		% of Total Expenditure
2023
Supplier A	$	6,094	25.3	%
Supplier B	5,581		23.2	%
Supplier C	4,197		17.4	%
2022
Supplier A	$	10,882	32.7	%
Supplier B	6,147		18.5	%
Supplier C	5,552		16.7	%

Nine months ended September 30,	Expenditure		% of Total Expenditure
2023
Supplier A	$	36,318	32.5	%
Supplier B	21,752		19.5	%
Supplier C	13,151		11.8	%
2022
Supplier A	$	18,505	28.5	%
Supplier B	11,706		18.0	%
Supplier C	8,826		13.6	%