Business Segments (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Financial Information

The following tables set forth financial information by segment:

Three months ended June 30, 2022	Consumer Products segment		Ingredients segment		Analytical Reference Standards and Services segment		Corporate and other		Total
(In thousands)
Net sales	$	14,520	$	1,464	$	748	$	—	$	16,732
Cost of sales	5,218		681		791		—		6,690
Gross profit (loss)	9,302		783		(43)		—		10,042
Operating expenses:
Sales and marketing	7,864		—		157		—		8,021
Research and development	1,113		132		—		—		1,245
General and administrative	—		—		—		7,163		7,163
Operating expenses	8,977		132		157		7,163		16,429
Operating income (loss)	$	325	$	651	$	(200)	$	(7,163)	$	(6,387)

Six Months Ended June 30, 2022	Consumer Products segment		Ingredients segment		Analytical Reference Standards and Services segment		Corporate and other		Total
(In thousands)
Net sales	$	29,457	$	2,891	$	1,643	$	—	$	33,991
Cost of sales	10,470		1,403		1,544		—		13,417
Gross profit	18,987		1,488		99		—		20,574
Operating expenses:
Sales and marketing	15,938		24		296		—		16,258
Research and development	2,115		208		—		—		2,323
General and administrative	—		—		—		16,112		16,112
Operating expenses	18,053		232		296		16,112		34,693
Operating income (loss)	$	934	$	1,256	$	(197)	$	(16,112)	$	(14,119)

Three months ended June 30, 2021	Consumer Products segment		Ingredients segment		Analytical Reference Standards and Services segment		Corporate and other		Total
(In thousands)
Net sales	$	15,396	$	1,504	$	799	$	—	$	17,699
Cost of sales	5,547		675		667		—		6,889
Gross profit	9,849		829		132		—		10,810
Operating expenses:
Sales and marketing	6,190		1		41		—		6,232
Research and development	926		78		—		—		1,004
General and administrative	—		—		—		9,128		9,128
Operating expenses	7,116		79		41		9,128		16,364
Operating income (loss)	$	2,733	$	750	$	91	$	(9,128)	$	(5,554)

Six Months Ended June 30, 2021	Consumer Products segment		Ingredients segment		Analytical Reference Standards and Services segment		Corporate and other		Total
(In thousands)
Net sales	$	27,833	$	2,819	$	1,730	$	—	$	32,382
Cost of sales	9,750		1,238		1,350		—		12,338
Gross profit	18,083		1,581		380		—		20,044
Operating expenses:
Sales and marketing	12,301		11		178		—		12,490
Research and development	1,644		147		—		—		1,791
General and administrative	—		—		—		18,679		18,679
Operating expenses	13,945		158		178		18,679		32,960
Operating income (loss)	$	4,138	$	1,423	$	202	$	(18,679)	$	(12,916)

Schedule of Disaggregation of Revenue

Disaggregated revenues are as follows:

Three Months Ended June 30, 2022	Consumer Products Segment		Ingredients Segment		Analytical Reference Standards and Services Segment		Total
(In thousands)
Tru Niagen®, Consumer Product	$	14,520	$	—	$	—	$	14,520
Niagen® Ingredient	—		1,454		—		1,454
Subtotal Niagen® Related	$	14,520	$	1,454	$	—	$	15,974
Other Ingredients	—		10		—		10
Reference Standards	—		—		704		704
Consulting and Other	—		—		44		44
Subtotal Other Goods and Services	$	—	$	10	$	748	$	758
Total Net Sales	$	14,520	$	1,464	$	748	$	16,732

Six Months Ended June 30, 2022	Consumer Products Segment		Ingredients Segment		Analytical Reference Standards and Services Segment		Total
(In thousands)
Tru Niagen®, Consumer Product	$	29,457	$	—	$	—	$	29,457
Niagen® Ingredient	—		2,585		—		2,585
Subtotal Niagen® Related	$	29,457	$	2,585	$	—	$	32,042
Other Ingredients	—		306		—		306
Reference Standards	—		—		1,587		1,587
Consulting and Other	—		—		56		56
Subtotal Other Goods and Services	$	—	$	306	$	1,643	$	1,949
Total Net Sales	$	29,457	$	2,891	$	1,643	$	33,991

Three Months Ended June 30, 2021	Consumer Products Segment		Ingredients Segment		Analytical Reference Standards and Services Segment		Total
(In thousands)
Tru Niagen®, Consumer Product	$	15,396	$	—	$	—	$	15,396
Niagen® Ingredient	—		1,281		—		1,281
Subtotal Niagen® Related	$	15,396	$	1,281	$	—	$	16,677
Other Ingredients	—		223		—		223
Reference Standards	—		—		695		695
Consulting and Other	—		—		104		104
Subtotal Other Goods and Services	$	—	$	223	$	799	$	1,022
Total Net Sales	$	15,396	$	1,504	$	799	$	17,699

Six Months Ended June 30, 2021	Consumer Products Segment		Ingredients Segment		Analytical Reference Standards and Services Segment		Total
(In thousands)
Tru Niagen®, Consumer Product	$	27,833	$	—	$	—	$	27,833
Niagen® Ingredient	—		2,484		—		2,484
Subtotal Niagen® Related	$	27,833	$	2,484	$	—	$	30,317
Other Ingredients	—		335		—		335
Reference Standards	—		—		1,495		1,495
Consulting and Other	—		—		235		235
Subtotal Other Goods and Services	$	—	$	335	$	1,730	$	2,065
Total Net Sales	$	27,833	$	2,819	$	1,730	$	32,382

Schedule of Major Customers

Percentage of net sales from major customers of the Company’s consumer products segment for the periods indicated were as follows:

	Three Months Ended June 30,			Six Months Ended June 30,
Major Customers	2022	2021		2022		2021
A.S. Watson Group - Related Party	*	16.5	%	12.0	%	13.8	%

* Represents less than 10%

The percentage of the amounts due from major customers to total trade receivables, net for the periods indicated were as follows:

Major Customers	At Jun 30, 2022		At Dec 31, 2021
A.S. Watson Group - Related Party	34.2	%	39.6	%
Life Extension	14.1	%	22.1	%
Amazon Marketplaces	13.7	%	*
Matakana Health	11.5	%	*
Persona	*		10.3	%

* Represents less than 10%