Segments

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segments

12.  Segments

General Information

As described in Note 2 — Summary of Significant Accounting Policies — in 2023 the Company modified its internal management reporting including the information regularly provided to and used by the chief operating decision maker (“CODM”) to assess performance and allocate resources. As a result, the Company re-evaluated its operating segment conclusions and determined it has a single operating segment. This determination was primarily based on the CODM, which is our Chief Executive Officer, assessing performance and allocating resources on a consolidated basis.

The operating segment derives its revenues primarily through sales of pharmaceutical and medical products, and all revenues are derived solely in the United States.

Measure of segment profit or loss and assets

The CODM assesses performance of the operating segment and decides how to allocate resources based on net income (loss), which also is reported on the consolidated statements of operations as net income (loss). In addition to comparing net income (loss) against forecasted net income (loss), the CODM uses net income (loss) to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the operating segment or expansion of the operating segment through acquisitions.

The measure of operating segment assets is reported on the Consolidated Balance Sheets as total assets.

The accounting policies of the operating segment are the same as those described in the summary of significant accounting policies in Note 2.

Reportable segment reconciliation

The following reconciliation presents operating segment revenue, net income (loss), and significant segment expenses:

	Operating Segment
	2023			2024
Revenue	$	1,046,193		$	1,228,409
Less:
Employee expenses (excluding share-based compensation expense)		234,730			268,621
Share-based compensation expense (income)		(6,090	)		131,490
Other segment items (1)		758,740			871,725
Depreciation and amortization		18,234			19,772
Interest expense		2,859			3,278
Income taxes		—			4,556
Segment net income (loss)	$	37,720		$	(71,033	)
Reconciliation of net income (loss) to consolidated statements of operations
Adjustments and reconciling items		—			—
Consolidated net income (loss)	$	37,720		$	(71,033	)

(1) Other segment items included in operating segment net income include product expenses, legal expenses, rent and auto lease expenses, utilities expenses, maintenance expenses, and other overhead expenses.