XML 50 R40.htm IDEA: XBRL DOCUMENT v3.25.0.1

Shareholders' Equity and Share Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Fair Value of Stock Option Valuation Assumptions

The following key assumptions were used in the valuation model to value stock option grants for each respective period:

		2024		2023		2022
Expected volatility		77.2% - 85.8%		85.7% - 87.8%		84.0% - 89.9%
Dividend		$nil		$nil		$nil
Risk-free interest rate		3.08% - 3.71%		2.76% - 4.15%		1.41% - 3.28%
Expected life		4.4 years		6.5 years		6.5 years
Fair value		$0.56 - $0.62		$0.44 - $0.82		$0.93 - $4.33

Summary of Stock Based Compensation Stock Option

Stock option transactions under the Company’s plan for the years ended December 31, 2024, 2023 and 2022 are summarized as follows:

		Number of Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value
Outstanding at December 31, 2021			3,622,558			$	6.20				7.89			$	6,530
Granted during 2022			725,360			$	2.74				9.70			$	16
Exercised during 2022			(180,000	)		$	1.30				0.51			$	772
Forfeited during 2022			(78,500	)		$	8.45
Outstanding at December 31, 2022			4,089,418			$	5.76				6.77			$	152
Exercisable at December 31, 2022			2,549,401			$	5.88				5.46			$	133
Granted during 2023			3,492,991			$	0.94				9.34			$	130
Exercised during 2023			(100,000	)		$	0.83							$	71
Forfeited during 2023			(535,833	)		$	4.04
Outstanding at December 31, 2023			6,946,576			$	3.50				7.54			$	83
Exercisable at December 31, 2023			3,081,262			$	6.07				5.44			$	1
Granted during 2024			170,000			$	0.95				5.96			$	0
Forfeited/expired during 2024			(598,167	)		$	3.32
Outstanding at December 31, 2024			6,518,409			$	3.44				6.79			$	90
Exercisable at December 31, 2024			4,038,856			$	4.88				5.96			$	31

Schedule of Nonvested Stock Options Activity

A summary of the status of the Company’s non-vested stock options, and the changes during the year ended December 31, 2024 is presented below:

		Number of Options				Weighted Average Grant Date Fair Value				Aggregate Intrinsic Value
Non-vested at January 1, 2024			3,865,314			$	1.07
Granted			170,000			$	0.58
Vested			(957,594	)		$	0.90
Forfeited			(598,167	)		$	2.27
Non-vested at December 31, 2024			2,479,553			$	0.82			$	59

Summary of Performance Base Restricted Share Unit

Performance-based restricted share unit activity for the years ended December 31, 2024, 2023 and 2022 is as follows:

		Number of Performance-based Restricted Share Units				Weighted Average Grant Date Fair Value
Outstanding at December 31, 2021			230,000			$	6.83
Exercised			(200,000	)		$	6.41
Outstanding at December 31, 2022			30,000			$	8.31
Exercisable at December 31, 2022			30,000			$	8.31
Issued			(10,000	)		$	8.31
Forfeited			(20,000	)		$	8.31
Outstanding at December 31, 2023			—			$	8.31
Exercisable at December 31, 2023			—				—
Granted			2,179,884			$	0.71
Vested and Issued			(1,479,024	)		$	1.25
Outstanding at December 31, 2024			700,860			$	0.17
Exercisable at December 31, 2024			—			$	-

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested performance-based units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of non-vested stock options activity

+ References

No definition available.

+ Details

Name:	vff_ScheduleOfNonvestedStockOptionsActivityTableTextBlock
Namespace Prefix:	vff_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration