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Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Financial Information by Segment

Financial information by segment is as follows:

 

 

Year Ended December 31, 2023

 

 

Cell
Therapy

 

 

BioBanking

 

 

Degenerative Disease

 

 

Other

 

 

Total

 

Net revenues

 

$

 

 

$

5,441

 

 

$

17,330

 

 

$

 

 

$

22,771

 

Gross profit

 

 

 

 

 

3,791

 

 

 

2,964

 

 

 

 

 

 

6,755

 

Direct expenses

 

 

28,694

 

 

 

1,752

 

 

 

9,720

 

 

 

40,876

 

 

 

81,041

 

Segment contribution

 

 

(28,694

)

 

 

2,039

 

 

 

(6,756

)

 

 

(40,876

)

 

 

(74,286

)

Indirect expenses

 

 

 

 

 

 

 

 

 

 

 

118,001

 

(a)

 

118,001

 

Loss from operations

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(192,287

)

(a) Components of other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in fair value of contingent consideration liability

 

 

 

 

 

 

 

 

 

 

 

(104,339

)

 

 

 

Goodwill impairment

 

 

 

 

 

 

 

 

 

 

 

112,347

 

 

 

 

IPR&D impairment

 

 

 

 

 

 

 

 

 

 

 

107,800

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

2,193

 

 

 

 

Total other

 

 

 

 

 

 

 

 

 

 

$

118,001

 

 

 

 

 

 

Year Ended December 31, 2022

 

 

Cell
Therapy

 

 

BioBanking

 

 

Degenerative
Disease

 

 

Other

 

 

Total

 

Net revenues

 

$

 

 

$

5,512

 

 

$

12,463

 

 

$

 

 

$

17,975

 

Gross profit

 

 

 

 

 

1,976

 

 

 

(3,666

)

 

 

 

 

 

(1,690

)

Direct expenses

 

 

75,379

 

 

 

1,699

 

 

 

10,859

 

 

 

56,261

 

 

 

144,198

 

Segment contribution

 

 

(75,379

)

 

 

277

 

 

 

(14,525

)

 

 

(56,261

)

 

 

(145,888

)

Indirect expenses

 

 

 

 

 

 

 

 

 

 

 

(120,288

)

(b)

 

(120,288

)

Loss from operations

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(25,600

)

(b) Components of other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in fair value of contingent consideration liability

 

 

 

 

 

 

 

 

 

 

 

(126,277

)

 

 

 

Change in fair value of contingent stock consideration

 

 

 

 

 

 

 

 

 

 

 

186

 

 

 

 

Goodwill impairment

 

 

 

 

 

 

 

 

 

 

 

3,610

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

2,193

 

 

 

 

Total other

 

 

 

 

 

 

 

 

 

 

$

(120,288

)