Segment Data

9 Months Ended

Sep. 30, 2023

Segment Data

Segment Data

13. Segment Data

The Company has two reportable segments- animal health and human health. The animal health segment is focused on developing and commercializing prescription and non-prescription products for companion and production animals. The human health segment is focused on developing and commercializing human products and the ongoing commercialization of Mytesi, which the U.S. FDA approves for the symptomatic relief of non-infectious diarrhea in adults with HIV/AIDS on antiretroviral therapy.

The Company's reportable segments net revenues and net loss for the three and nine months ended September 30, 2023 and 2022 consisted of the following:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2023		2022		2023		2022
Revenue from external customers
Human Health	$	2,782	$	3,133	$	7,335	$	8,513
Animal Health		31		17		126		183
Consolidated Totals	$	2,813	$	3,150	$	7,461	$	8,696
Segment net loss
Human Health	$	(6,228)	$	(6,360)	$	(17,345)	$	(15,956)
Animal Health		(1,676)		(6,249)		(15,247)		(24,207)
Consolidated Totals	$	(7,904)	$	(12,609)	$	(32,592)	$	(40,163)

The Company's reportable segments assets consisted of the following:

	September 30,		December 31,
	2023		2022
(in thousands)	(unaudited)
Segment assets
Human Health	$	39,239	$	40,896
Animal Health		143,970		128,606
Total	$	183,209	$	169,502

The reconciliation of segments assets to the consolidated assets is as follows:

	September 30,		December 31,
(in thousands)	2023		2022
	(unaudited)
Total assets for reportable segments	$	183,209	$	169,502
Less: Investment in subsidiary		(29,232)		(29,232)
Less: Intercompany loan		(108,597)		(92,821)
Consolidated Totals	$	45,380	$	47,449