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Segment Information (Tables)
6 Months Ended
Jun. 30, 2023
Segment Information  
Summary of results of operations by reportable segment

    

Prescription 

    

Medical 

    

    

For the Six Months Ended June 30, 2023

    

Medications

    

Devices

    

Corporate

    

Consolidated

Net sales

$

2,490,686

$

2,021,297

$

$

4,511,983

Cost of goods sold

 

257,721

 

806,878

 

 

1,064,599

Selling, general and administrative expenses

 

754,993

 

905,442

 

2,719,796

 

4,380,231

Research and development expenses

 

1,130,338

 

55,330

 

 

1,185,668

Depreciation and amortization expense

 

1,150,939

 

502,651

 

 

1,653,590

Interest income

(119,241)

(119,241)

Interest expense

 

 

 

278,966

 

278,966

Net loss

$

(803,305)

$

(249,004)

$

(2,879,521)

$

(3,931,830)

    

Prescription

    

Medical

    

    

For the Six Months Ended June 30, 2022

    

Medications

    

Devices

    

Corporate

    

Consolidated

Net sales

$

4,856,941

$

1,794,744

$

$

6,651,685

Cost of goods sold

 

489,007

 

632,553

 

 

1,121,560

Selling, general and administrative expenses

 

3,440,168

 

884,538

 

2,789,636

 

7,114,342

Gain on settlement with Vivus

(3,389,941)

(3,389,941)

Research and development expenses

 

750,296

 

76,306

 

 

826,602

Depreciation and amortization expense

 

2,539,328

 

582,412

 

 

3,121,740

Change in fair value of derivative liability

 

 

 

(460,000)

 

(460,000)

Interest expense

 

 

 

303,398

 

303,398

Net income (loss)

$

1,028,083

$

(381,065)

$

(2,633,034)

$

(1,986,016)

Summary of net sales by geographic region

For the Three Months Ended

For the Six Months Ended

June 30,

June 30,

Net sales

    

2023

    

2022

    

2023

    

2022

United States

$

1,597,829

$

3,861,915

$

3,756,599

$

5,907,539

International

396,182

 

324,601

755,384

744,146

$

1,994,011

$

4,186,516

$

4,511,983

$

6,651,685

Summary of assets by reportable segment and reconciliation of segment assets to consolidated assets

The Company’s assets by reportable segment and reconciliation of segment assets to consolidated assets as of June 30, 2023, are summarized as follows:

Prescription 

    

Medical 

    

    

Medications

    

Devices

    

Consolidated

Intangible assets, net

$

6,032,875

$

4,563,129

$

10,596,004

Total segment assets

$

22,218,785

$

6,508,323

$

28,727,108

The Company’s assets by reportable segment and reconciliation of segment assets to consolidated assets as of December 31, 2022, are summarized as follows:

Prescription 

Medical 

    

Medications

    

Devices

    

Consolidated

Intangible assets, net

$

7,178,704

$

5,065,780

$

12,244,484

Total segment assets

$

25,831,048

$

6,590,166

$

32,421,214