Business Segments (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Financial Information

The following tables set forth financial information by segment:

Three months ended June 30, 2024	Consumer Products segment		Ingredients segment		Analytical Reference Standards and Services segment		Corporate and other		Total
(In thousands)
Net sales	$	18,647	$	3,301	$	791	$	—	$	22,739
Cost of sales	6,785		1,545		716		—		9,046
Gross profit	11,862		1,756		75		—		13,693
Operating expenses:
Sales and marketing	6,777		66		126		—		6,969
Research and development	1,135		181		—		—		1,316
General and administrative	—		—		—		5,664		5,664
Operating expenses	7,912		247		126		5,664		13,949
Operating income (loss)	$	3,950	$	1,509	$	(51)	$	(5,664)	$	(256)

Three months ended June 30, 2023	Consumer Products segment		Ingredients segment		Analytical Reference Standards and Services segment		Corporate and other		Total
(In thousands)
Net sales	$	16,891	$	2,704	$	728	$	—	$	20,323
Cost of sales	5,959		1,232		776		—		7,967
Gross profit (loss)	10,932		1,472		(48)		—		12,356
Operating expenses:
Sales and marketing	5,892		19		98		—		6,009
Research and development	1,169		196		—		—		1,365
General and administrative	—		—		—		7,298		7,298
Operating expenses	7,061		215		98		7,298		14,672
Operating income (loss)	$	3,871	$	1,257	$	(146)	$	(7,298)	$	(2,316)

Six Months Ended June 30, 2024	Consumer Products segment		Ingredients segment		Analytical Reference Standards and Services segment		Corporate and other		Total
(In thousands)
Net sales	$	35,998	$	7,389	$	1,505	$	—	$	44,892
Cost of sales	12,939		3,382		1,422		—		17,743
Gross profit	23,059		4,007		83		—		27,149
Operating expenses:
Sales and marketing	13,373		78		258		—		13,709
Research and development	2,830		581		—		—		3,411
General and administrative	—		—		—		11,016		11,016
Operating expenses	16,203		659		258		11,016		28,136
Operating income (loss)	$	6,856	$	3,348	$	(175)	$	(11,016)	$	(987)

Six Months Ended June 30, 2023	Consumer Products segment		Ingredients segment		Analytical Reference Standards and Services segment		Corporate and other		Total
(In thousands)
Net sales	$	34,524	$	6,828	$	1,527	$	—	$	42,879
Cost of sales	12,363		3,113		1,529		—		17,005
Gross profit (loss)	22,161		3,715		(2)		—		25,874
Operating expenses:
Sales and marketing	13,665		37		181		—		13,883
Research and development	2,136		422		—		—		2,558
General and administrative	—		—		—		13,717		13,717
Operating expenses	15,801		459		181		13,717		30,158
Operating income (loss)	$	6,360	$	3,256	$	(183)	$	(13,717)	$	(4,284)

Schedule of Disaggregation of Revenue

Disaggregated revenues are as follows:

Three Months Ended June 30, 2024	Consumer Products Segment		Ingredients Segment		Analytical Reference Standards and Services Segment		Total
(In thousands)
Tru Niagen®, Consumer Product	$	18,647	$	—	$	—	$	18,647
Niagen® Ingredient	—		3,144		—		3,144
Subtotal Niagen® Related	18,647		3,144		—		21,791
Other Ingredients	—		157		—		157
Reference Standards	—		—		755		755
Consulting and Other	—		—		36		36
Subtotal Other Goods and Services	—		157		791		948
Total Net Sales	$	18,647	$	3,301	$	791	$	22,739

Three Months Ended June 30, 2023	Consumer Products Segment		Ingredients Segment		Analytical Reference Standards and Services Segment		Total
(In thousands)
Tru Niagen®, Consumer Product	$	16,891	$	—	$	—	$	16,891
Niagen® Ingredient	—		2,500		—		2,500
Subtotal Niagen® Related	16,891		2,500		—		19,391
Other Ingredients	—		204		—		204
Reference Standards	—		—		693		693
Consulting and Other	—		—		35		35
Subtotal Other Goods and Services	—		204		728		932
Total Net Sales	$	16,891	$	2,704	$	728	$	20,323

Six Months Ended June 30, 2024	Consumer Products Segment		Ingredients Segment		Analytical Reference Standards and Services Segment		Total
(In thousands)
Tru Niagen®, Consumer Product	$	35,998	$	—	$	—	$	35,998
Niagen® Ingredient	—		7,232		—		7,232
Subtotal Niagen® Related	35,998		7,232		—		43,230
Other Ingredients	—		157		—		157
Reference Standards	—		—		1,436		1,436
Consulting and Other	—		—		69		69
Subtotal Other Goods and Services	—		157		1,505		1,662
Total Net Sales	$	35,998	$	7,389	$	1,505	$	44,892

Six Months Ended June 30, 2023	Consumer Products Segment		Ingredients Segment		Analytical Reference Standards and Services Segment		Total
(In thousands)
Tru Niagen®, Consumer Product	$	34,524	$	—	$	—	$	34,524
Niagen® Ingredient	—		6,398		—		6,398
Subtotal Niagen® Related	34,524		6,398		—		40,922
Other Ingredients	—		430		—		430
Reference Standards	—		—		1,468		1,468
Consulting and Other	—		—		59		59
Subtotal Other Goods and Services	—		430		1,527		1,957
Total Net Sales	$	34,524	$	6,828	$	1,527	$	42,879

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 June 30,				Six Months Ended June 30,
Major Customers	2024		2023		2024		2023
A.S. Watson Group - Related Party	16.4	%	14.7	%	14.9	%	15.6	%
Life Extension	*		10.0	%	11.4	%	*

* 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:

	Percentage of the Company's Total Trade Receivables
Major Customers	At June 30, 2024		At December 31, 2023
A.S. Watson Group - Related Party	44.7	%	52.7	%
Amazon Marketplaces	*		12.2	%
Life Extension	16.6	%	16.1	%

* Represents less than 10%