Business Segments (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Financial Information

The following tables set forth financial information by segment:

Three Months Ended March 31, 2024	Consumer Products segment		Ingredients segment		Analytical Reference Standards and Services segment		Corporate and other		Total
(In thousands)
Net sales	$	17,351	$	4,088	$	714	$	—	$	22,153
Cost of sales	6,154		1,837		706		—		8,697
Gross profit	11,197		2,251		8		—		13,456
Operating expenses:
Sales and marketing	6,596		12		132		—		6,740
Research and development	1,695		400		—		—		2,095
General and administrative	—		—		—		5,352		5,352
Operating expenses	8,291		412		132		5,352		14,187
Operating income (loss)	$	2,906	$	1,839	$	(124)	$	(5,352)	$	(731)

Three Months Ended March 31, 2023	Consumer Products segment		Ingredients segment		Analytical Reference Standards and Services segment		Corporate and other		Total
(In thousands)
Net sales	$	17,633	$	4,124	$	799	$	—	$	22,556
Cost of sales	6,404		1,881		753		—		9,038
Gross profit	11,229		2,243		46		—		13,518
Operating expenses:
Sales and marketing	7,773		18		83		—		7,874
Research and development	967		226		—		—		1,193
General and administrative	—		—		—		6,419		6,419
Operating expenses	8,740		244		83		6,419		15,486
Operating income (loss)	$	2,489	$	1,999	$	(37)	$	(6,419)	$	(1,968)

Schedule of Disaggregation of Revenue

Disaggregated revenues are as follows:

Three Months Ended March 31, 2024	Consumer Products Segment		Ingredients Segment		Analytical Reference Standards and Services Segment		Total
(In thousands)
Tru Niagen®, Consumer Product	$	17,351	$	—	$	—	$	17,351
Niagen® Ingredient	—		4,088		—		4,088
Subtotal Niagen® Related	17,351		4,088		—		21,439
Other Ingredients	—		—		—		—
Reference Standards	—		—		681		681
Consulting and Other	—		—		33		33
Subtotal Other Goods and Services	—		—		714		714
Total Net Sales	$	17,351	$	4,088	$	714	$	22,153

Three Months Ended March 31, 2023	Consumer Products Segment		Ingredients Segment		Analytical Reference Standards and Services Segment		Total
(In thousands)
Tru Niagen®, Consumer Product	$	17,633	$	—	$	—	$	17,633
Niagen® Ingredient	—		3,898		—		3,898
Subtotal Niagen® Related	17,633		3,898		—		21,531
Other Ingredients	—		226		—		226
Reference Standards	—		—		775		775
Consulting and Other	—		—		24		24
Subtotal Other Goods and Services	—		226		799		1,025
Total Net Sales	$	17,633	$	4,124	$	799	$	22,556

Schedule of Major Customers

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

	Three Months Ended March 31,
Major Customers	2024		2023
A.S. Watson Group - Related Party	13.4	%	16.5	%

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

	Percentage of the Company's Total Trade Receivables
Major Customers	At March 31, 2024		At December 31, 2023
A.S. Watson Group - Related Party	41.6	%	52.7	%
Amazon Marketplaces	18.6	%	12.2	%
Life Extension	19.6	%	16.1	%