Quarterly report pursuant to Section 13 or 15(d)

Supplemental Information (Tables)

v3.20.2
Supplemental Information (Tables)
9 Months Ended
Sep. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of Certain Balance Sheet Amounts

Certain balance sheet amounts are as follows:

 

 

As of September 30,

 

 

As of December 31,

 

In Thousands

2020

 

 

2019

 

Accounts Receivable:

 

 

 

 

 

 

 

Accounts receivable

$

1,074

 

 

$

1,247

 

Receivables from growers

 

1,358

 

 

 

 

Allowance for doubtful accounts

 

 

 

 

(125

)

Total

$

2,432

 

 

$

1,122

 

We carry receivables related to amounts we are owed by growers from their purchases of seed. These amounts reduce the cost of the grain we ultimately purchase from the grower and are repaid either on current terms or on an extended payment basis. If a grower has elected extended payment terms they will pay a higher price per unit and grant us the right to deduct the amount we are owed from the payment we make upon the purchase of their grain. As of September 30, 2020, $1.2 million of the receivable from growers were on extended payment terms. As of December 31, 2019, this amount was zero.

 

As of September 30,

 

 

As of December 31,

 

In Thousands

2020

 

 

2019

 

Inventory:

 

 

 

 

 

 

 

Raw materials

$

4,097

 

 

$

2,211

 

Work-in-process

 

341

 

 

 

272

 

Finished goods

 

1,515

 

 

 

111

 

Total

$

5,953

 

 

$

2,594

 

 

Schedule of Certain Statements of Operations Amounts

Certain statements of operations amounts are as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

In Thousands

2020

 

 

2019

 

 

2020

 

 

2019

 

Stock compensation expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

$

(84

)

 

$

461

 

 

$

723

 

 

$

1,240

 

Selling and supply chain

 

(372

)

 

 

263

 

 

 

(472

)

 

 

491

 

General and administrative

 

1,026

 

 

 

1,981

 

 

 

3,387

 

 

 

4,834

 

Total

$

570

 

 

$

2,705

 

 

$

3,638

 

 

$

6,565

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

In Thousands

2020

 

 

2019

 

 

2020

 

 

2019

 

Interest, net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

$

(369

)

 

$

(374

)

 

$

(1,112

)

 

$

(1,114

)

Interest income

 

45

 

 

 

406

 

 

 

544

 

 

 

1,410

 

Total

$

(324

)

 

$

32

 

 

$

(568

)

 

$

296

 

Schedule of Statements of Certain Statements of Cash Flows Amounts

Certain statements of cash flows amounts are as follows:

 

 

As of September 30,

 

In Thousands

2020

 

 

2019

 

Cash, cash equivalents, restricted cash, and short-term investments:

 

 

 

 

 

 

 

Cash and cash equivalents

$

7,170

 

 

$

66,434

 

Restricted cash

 

1,434

 

 

 

1,516

 

Total cash, cash equivalents, and restricted cash

 

8,604

 

 

 

67,950

 

Short-term investments

 

20,802

 

 

 

 

Total cash, cash equivalents, restricted cash, and short-term investments

$

29,406

 

 

$

67,950

 

 

 

Nine Months Ended September 30,

 

In Thousands

2020

 

 

2019

 

Supplemental cash flow information:

 

 

 

 

 

 

 

Interest paid

$

1,097

 

 

$

1,108