BeyondSpring Inc. Segments Disclosure

14.	Segment reporting and geographic information

 

For the years ended December 31, 2024 and 2025, the Company operated in two reportable segments: (i) Plinabulin pipeline and (ii) TPD platform.

 

On December 13, 2024, the Company’s Board of Directors discussed and approved a divestiture plan to sell and transfer about 90% to 100% of the Company’s interests in SEED to potential investors at a determined price. The TPD platform segment was comprised of SEED’s operations. As a result, for the years ended December 31, 2024 and 2025, the TPD platform segment qualified for discontinued operations reporting. See Note 3 – Discontinued operations.

 

The Company presents segment information after elimination of inter-company transactions. In general, revenues and operating expenses are directly attributable, or are allocated, to each segment. The Company allocates operating expenses that are not directly attributable to a specific segment, such as those that support infrastructure across different segments, to different segments mainly on the basis of usage, headcount, depending on the nature of the relevant operating expenses.

 

The Company’s Chief Executive Officer, as the CODM, uses segment net loss to allocate resources for each segment and to assess the performance of each segment, primarily by monitoring actual results versus approved budgets. Significant segment expenses are presented in the table below. Other segment items include interest income, other income, net, and income tax expenses. The CODM does not evaluate the performance of segments using asset or liability information.

 

		For the year ended December 31,
		2024				2025
		$				$
Clinical and pre-clinical expenses			462				1,630
Patent expenses			928				792
Personnel costs			4,642				3,196
Professional services			1,442				1,958
Other operational expenses			1,280				1,369
Other segment items			111				(230	)
Segment net loss			8,865				8,715
Reconciliation of net loss:
Net loss from discontinued operations			7,828				5,502
Consolidated net loss			16,693				14,217

 

The Company’s long-lived assets of continuing operations by geographic area are presented as follows:

 

		December 31,
		2024				2025
		$				$
Property and equipment, net:
PRC			34				11
U.S.			205				155
Total			239				166