Onconetix, Inc. Segments Disclosure
Note 15 – Segment Information
The Company conducts its business activities and reports financial results as one business segment. The presentation of financial results as one reportable segment is consistent with the way the Company operates its business and is consistent with the manner in which the Chief Operating Decision Maker ("CODM") evaluates performance and makes resource and operating decisions for the business. The Company’s CODM is the Chief Executive Officer. Furthermore, the Company notes that monitoring financial results as one reportable segment helps the CODM manage costs on a consolidated basis, consistent with the integrated nature of the operations. The CODM uses net loss, as reported on the Consolidated Statements of Operations and Comprehensive Loss, in evaluating performance of the Company and determining how to allocate resources of the Company as a whole. As the CODM evaluates performance on a consolidated basis, all required financial segment information is included in the consolidated financial statements.
Geographic Information
The distribution of revenue by geographical area was as follows:
| Years Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| United States | $ | 63,115 | $ | |||||
| United Kingdom | 23,842 | |||||||
| Switzerland | 2,437,159 | 58,465 | ||||||
| Total | $ | 2,524,116 | $ | 58,465 | ||||
The distribution of long-lived assets by geographical area, which includes property and equipment and the Company’s right of use asset, was as follows:
| Years Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| United States | $ | 5,864 | $ | 10,956 | ||||
| Switzerland | 176,459 | 198,240 | ||||||
| Total | $ | 182,323 | $ | 209,196 | ||||
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.