Business Segment, Geographic and Major Customer Information (Tables)

3 Months Ended

Mar. 31, 2024

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
2024
Revenue from external customers
Products	$	11,159	$	933	$	—	$	12,092
Services	526		562		—		1,088
Total revenue from external customers	11,685		1,495		—		13,180
Revenue from related party
Products	27,014		—		—		27,014
Services	—		180		—		180
Total revenue from related parties	27,014		180		—		27,194
Gross profit	8,401		420		—		8,821
Income (loss) from operations	6,106		(424)		(3,574)		2,108
Depreciation	159		35		26		220
Interest on ABL	—		—		181		181
Other interest	—		—		97		97
Income tax	—		—		242		242
Additions to long-lived assets	147		—		5		152

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


Income tax	—		—		9		9
Additions to long-lived assets	30		95		32		157

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

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

(1) Includes revenue from related party

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

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