Segment and Geographic Area Information

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment and Geographic Area Information

18.Segment and Geographic Area Information

Business Segment

The Company operates in one business segment, which is the business of developing and commercializing innovative ophthalmic products for the treatment of eye diseases. Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision maker in making decisions regarding resource allocation and assessing performance. The chief operating decision maker made such decisions and assessed performance at the Company level, as one segment.

Geographic Area Information

The following table summarizes the Company’s revenues and long-lived assets, net by geographic area (in thousands):

	Revenues				Long-Lived Assets, Net
	Year Ended		Year Ended
	December 31,		December 31,		December 31,		December 31,
	2023		2022		2023		2022
U.S.	$	45,270	$	40,481	$	5,251	$	1,360
China		648		823		—		—
UK		100		100		—		—
Consolidated	$	46,018	$	41,404	$	5,251	$	1,360