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Inventories
9 Months Ended
Sep. 30, 2020
Inventory Disclosure [Abstract]  
Inventories

4

INVENTORIES

Inventories, consisting of crop inventory, purchased produce inventory and spare parts inventory, are valued at the lower of cost or net realizable value. Cost is determined using the weighted average cost method. Costs included in crop inventory include but are not limited to raw material, packaging, direct labor, overhead, and the depreciation of growing equipment and facilities determined at normal capacity. These costs are expensed as cost of sales when the crops are sold.

Inventories consisted of the following as of:

 

Classification

 

September 30, 2020

 

December 31, 2019

 

Crop inventory

 

$

13,757

 

$

15,281

 

Purchased produce inventory

 

 

1,432

 

 

530

 

Spare parts inventory

 

 

112

 

 

107

 

Inventories

 

$

15,301

 

$

15,918